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  • Article

    Shorter Time To Market For Commercial Entities In Bulgaria

    An amendment to the Bulgarian Trade Register Act has resulted in a greatly reduced wait time for those registering a new entity in the country.
    BulgariaCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    When Freedom Of Contract Slips Into An Abuse Of A Stronger Bargaining Position. The Bulgarian Competition Authority Fines A1, The Bulgarian Subsidiary Of Telekom Austria.

    December 2018 – Last week, the Bulgarian competition authority fined A1, the Bulgarian subsidiary of Telekom Austria, a total of BGN 804,340
    BulgariaAntitrust/Competition Law
    Kinstellar
    Kinstellar
  • Article

    The EU Recovery Plan Effects For Bulgaria

    Introduction of a clear procedure for startup visas, incentives for Bulgaria to become a destination for digital nomadism, more " scale-up companies " – all these reforms for improving...
    BulgariaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    High Time For Companies To Register Their Beneficial Owner

    This information must be registered in the BULSTAT Register.
    BulgariaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Advertising A Longer Guarantee Period? Even If Not Misleading, Still May Violate The Law

    A new Law for the provision of digital content and digital services and for the sale of goods (the "Law") entered into force on 1st January 2022 in Bulgaria.
    European UnionMedia, Telecoms, IT, Entertainment
    Global Advertising Lawyers Alliance (GALA)
    Global Advertising Lawyers Alliance (GALA)
  • Article

    Approaching Deadline for Inactive Companies

    The management may declare before the Commercial Register that the company has been inactive.
    BulgariaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    CRC Rules On Contracts Regulated By The Electronic Communications Act

    The Communications Regulation Commission has announced its position on distance sale and standard terms contracts agreed under the Electronic Communications Act.
    BulgariaCorporate/Commercial Law
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Decision Of The Supreme Court Regarding Termination Of A Lease Agreement Because Of An Economic Adverse Change

    The Supreme Cassation Court of Bulgaria comprehensively expressed its opinion on the substantive legal aspects of the economic adverse change clause.
    BulgariaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    From Leva To Euro: Legal And Corporate Implications For Bulgarian Companies

    The upcoming transition to the single European currency in Bulgaria effective January 1, 2026 represents more than a financial transformation. It calls for coordinated legal, accounting...
    BulgariaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Highest Court Opens Doors For Management Self-Dealing

    Absent adequate protection by law, the company's corporate documents must provide additional comfort and prevent abusive self-dealing.
    BulgariaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    An Overview Of The Effect Of The Coronavirus (COVID-19) On The Bulgarian Real Estate Sector

    The rapid spread of the COVID-19 pandemic is causing a severe impact on everyone's daily life, and is putting considerable strain on the economy as a result of the new challenges stemming from...
    BulgariaCoronavirus (COVID-19)
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Тhe Misconception Of A Bulgarian Company's Inactivity

    It is common practice that after registering a new company, the company does not start trading activities immediately. Another mass case is existing companies, due to subjective or objective reasons...
    BulgariaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Acquisition Of A Technology Business In Bulgaria: Identifying The Right Earn-out Structure

    Over the past few years, the CEE region has been the focus of vibrant M&A activity in the technology sector. Bulgaria is no exception, with a number of acquisitions completed...
    BulgariaCorporate/Commercial Law
    Kinstellar
    Kinstellar
  • Article

    Bulgaria Joins The Eurozone In 2026: What Businesses Need To Know

    Starting January 1, 2026, Bulgaria will officially adopt the euro, replacing the Bulgarian lev (BGN) as its national currency.
    BulgariaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    In-kind Contribution Of A Bulgarian Branch Of A Foreign Company

    The capital increase by an in-kind contribution is a comprehensively regulated and regularly used legal method by which receivables, real estate ownership rights, limited property rights...
    BulgariaCorporate/Commercial Law
    Ernst & Young Law Partnership
    Ernst & Young Law Partnership
  • Article

    Business In Bulgaria Under The New State Of Emergency Law Of 13 March: Suspended And Postponed, But No Actual Economic Support

    Over the last few weeks, world leaders have likened the fight against COVID-19 to a war. Urgent measures are required to protect health and lives, justifying a wide range of economic measures,...
    BulgariaCoronavirus (COVID-19)
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Company Setup And Administration In Bulgaria

    Congratulations, you have chosen a very perspective country to invest in; one with a stable economy in the last few years, an easy procedure for company registration and a transparent tax system with a short list of taxes and social security obligations.
    BulgariaCorporate/Commercial Law
    Eurofast
    Eurofast
  • Article

    Transposition Of EU Restructuring / Second Chance Directive In Bulgaria: Problems With New Ipso Facto Prohibitions Under Commercial And Financial Transactions

    As of July 2017, there has been a pre-insolvency restructuring regime[1] for corporate entities in Bulgaria who are in a state of "likelihood of insolvency", but not actually insolvent...
    BulgariaInsolvency/Bankruptcy/Re-Structuring
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Kinstellar Bulgaria: Banking, Finance & Capital Markets Briefing

    Kinstellar routinely monitors developments in finance, commercial, and contract law and in key regulatory areas relevant for financial institutions in Bulgaria...
    BulgariaFinance and Banking
    Kinstellar
    Kinstellar
  • Article

    Transposition Of New Deal For Consumers (Omnibus Directive, SGD, DCD)

    In addition, we bring you information from several non-EU countries that have taken inspiration from the Directives and decided to pass national legislative equivalents.
    European UnionConsumer Protection
    Kinstellar
    Kinstellar

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