Why should you bother ordering a due diligence report? Let’s say you want to buy a whole business (part of your M&A strategy to acquire a competitive company). You would not want to buy a business with debts, would you? The due diligence report is the legal service you need. It clears the “big picture” […]

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The new amendments in the Commercial Register Act allow easy and less cumbersome re-registration of your company. Now, a Bulgarian lawyer, who is registered in a Bar Association, can sign the application for you. You only need to provide scanned copies of few documents. Your presence in Bulgaria is not required, everything can be done […]

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If you have already re-registered your company, make sure you don’t forget to publish your accounts for the past years in the Commercial register. The accounts report is usually done by your company’s accountant. However it is preferable not to rely only on your accountant for publishing the report in the Commercial register. Usually accountants […]

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The Council of Ministers of Bulgaria has to adopt an amendment to the Tariff of the Commercial Register, in connection to the new changes to the Commercial Register Act. According to the recent changes, when you register a company online, the state fee is at least 25% less than the one paid when submitting a […]

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The Commercial Register offers a service called “online submission of applications and documents”. The feature of their website is available from the very beginning, but was not working properly for a couple of months. Fortunately, now we can use it to submit all kind of company documentation including: documents for (re-) registration of a company […]

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The registration period of the new companies in Bulgaria grows beyond common sense!! If you want to register a new company you will have to wait about 2 months. This almost kills any startup business which is not backed up with a great amount of patience and capital. People who want to start business and […]

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On 19th March, the Bulgarian Government has drafted a Bill for amendment of the Commercial Register Act. It seems that finally the state is not blindfolded anymore. Some of the crucial amendments that are suggested are: The application for registration of a company and the application for reservation of name can be signed and submitted […]

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