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  • Article

    Investigation Announced Into Real Estate Deal Suspected Of Breaching Russian Sanctions

    Bulgaria's Ministry of Justice has launched an investigation into controversial real estate transactions involving Russian state properties in Sofia.
    BulgariaInternational Law
    Duane Morris LLP
    Duane Morris LLP
  • Article

    New Measures Against Money Laundering On The Verge Of Implementation

    On February 16, 2024, the Bulgarian State Gazette published Ordinance No. H-1, issued on February 6, 2024, which delineates the requirements for inclusion in a Public Register administered...
    BulgariaGovernment, Public Sector
    Eurofast
    Eurofast
  • Article

    Updated Qualification Requirements For Certain Employment Authorization Types

    Bulgaria eased work permit requirements for high-skilled third-country nationals and EU Blue Card applicants on 26 January 2023
    BulgariaGovernment, Public Sector
    Envoy Global, Inc.
    Envoy Global, Inc.
  • Article

    Bulgaria Tax Updates

    On 7 December 2011, the Bulgarian Parliament voted in support of the 2012 amendments to the Tax and Social Procedure Act, the VAT Act, the Excise Duties and Tax Warehouses and the Personal Income Tax.
    BulgariaTax
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Bulgaria To Relaunch Concession On Plovdiv Airport Over Lack Of Bidders

    The Bulgarian government will launch a new procedure to grant a concession on the airport of Plovdiv, Bulgaria's second-largest city.
    BulgariaTransport
    Borissov & Partners
    Borissov & Partners
  • 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

    Bulgaria Bolsters Security: New FDI Screening In Effect

    Bulgaria recently took a step to safeguard its national security and public order. In March 2024, the country implemented a foreign direct investment (FDI) screening mechanism...
    BulgariaGovernment, Public Sector
    Eurofast
    Eurofast
  • Article

    Bulgaria Soon To Adopt An FDI Screening Regime

    Bulgaria is among a minority of EU countries that have not yet adopted a foreign direct investment (FDI) screening regime.
    BulgariaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    New Guidance Announced For UK Nationals Following Brexit Transition

    The Bulgarian government has issued additional details for UK nationals residing in the country after December 31, 2020.
    BulgariaGovernment, Public Sector
    Envoy Global, Inc.
    Envoy Global, Inc.
  • Article

    Submitting The ESPD In Electronic Form - Facilitation Or A Hurdle For Ongoing Public Procurement Procedures?

    As of 1 April 2018, applicants in tender procedures must submit the European Single Procurement Document ("ESPD") in electronic form using a template provided by the European Commission.
    BulgariaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Even In A State Of Emergency Human Rights Must Be Respected!

    The prosecutor's office is investigating doctors from St. Mina Hospital in Plovdiv, a hospital designated by the Bulgarian Crisis Headquarters to receive patients with suspected COVID-19.
    BulgariaCoronavirus (COVID-19)
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Disputes Over Second World War Reparations Thwart Bulgaria’s Privatisation Efforts

    Buyers of assets in Bulgaria tendered through privatisation should be aware that there comes an idiosyncratic risk concerning the actual ownership of the assets.
    BulgariaCorporate/Commercial Law
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Important Updates – Bulgaria's State Budget Effective 01.04.2025

    We would like to inform you about the key updates stemming from the recently approved state budget in Bulgaria, which will come into effect on 1 April 2025.
    BulgariaEmployment and HR
    Eurofast
    Eurofast
  • Article

    Bulgaria Joins The EU "AMLD IV Implementation" Club

    Yesterday, the Bulgarian Parliament adopted the Anti-Money Laundering Act.
    BulgariaGovernment, Public Sector
    Wolf Theiss
    Wolf Theiss
  • Article

    Cryptocurrency Platforms And Digital Wallet Providers In Bulgaria Will Soon Be Obliged To Apply Anti-Money Laundering Measures

    Bulgaria last year announced its intention to join the European Exchange Rate Mechanism (ERM II) and Banking Union, which is expected to pave the way for the country to join the Eurozone.
    BulgariaGovernment, Public Sector
    Kinstellar
    Kinstellar
  • Article

    Deadline For Update Of AML Internal Rules

    The National Risk Assessment was published on 9 January 2020, triggering the start of the six-month deadline.
    BulgariaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Streamlined Employment-based Visa Application To Begin In June

    There will be stricter document requirements as well as new processing deadlines.
    BulgariaImmigration
    Envoy Global, Inc.
    Envoy Global, Inc.
  • Article

    Proposed Changes To The Promotion Of Investments

    Measures have been proposed to improve the promotion of domestic and foreign investments in line with EU law.
    BulgariaGovernment, Public Sector
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang
  • Article

    Recent Amendments To The Bulgarian Tax Procedure Law

    As of 2019, amendments to the Bulgarian tax procedure legislation have entered into force.
    BulgariaTax
    Wolf Theiss
    Wolf Theiss
  • Article

    Bulgaria Closes The Gap: New FDI Screening Regime Enters Into Force

    As reported, last month the Bulgarian parliament adopted the final text of a bill to amend the Investment Promotion Act, implementing...
    BulgariaGovernment, Public Sector
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)

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