Huge amount of foreigners trying to get Bulgarian citizenship for special merits The world is in turmoil. The war in Ukraine doesn’t seem to end anytime soon. Iran and Israel are on the verge of full-scale conflict. The situation around China and Taiwan is also worrying. At the same time,Continue Reading
NRA (National Revenue Agency) Tax Audits for Companies Declaring Over 100 thousand in Cash NRA inspections and tax audits for cash of firms National Revenue Agency`s tax audits have been launched for two thousand five hundred (2,500) trading companies (TCs) and twelve thousand eight hundred (12,800) individuals in Bulgaria declaringContinue Reading
The Israeli people know, best of all other nations, where it is profitable to do business, at any given moment in time. And they know very well that Bulgaria is offering the best business opportunities in the whole EU. And no, it is not only the lowest flat tax rateContinue Reading
High-skilled employment in Bulgaria – lucrative and in high demand Obtaining EU Blue Card is now easier than ever. Don’t get me wrong here – it’s not easy at all. The Bulgarian legislation is complicated and the bureaucratic load is immense. It’s just that the procedures are now streamlined andContinue Reading
Extortion – criminal offence Extortion is a serious crime in Bulgaria as per the latest penal codes. In the pre social media and internet era, extortion was very difficult for the criminal. He had to get his dirty hands on something that he could blackmail the victim with. And logically,Continue Reading
The times when arrogant clients could force the seller (or the service provider) to issue refund are now over Every seller or service provider knows about this problem. This is when an unscrupulous client demands refund, even though the service has been provided or the goods delivered. The usual “nuclearContinue Reading
Citizenship by itself is much more complicated than it may sound to many. The difference between citizenship, nationality, origin, etc. may be hard to define, especially in international law. The Bulgarian Constitutional Court about the citizenship of Mr Kiril Petkov Recently, a controversial legal dispute started with regard to theContinue Reading
More and more VD&A clients are receiving positive assessment by the Bulgarian Citizenship Council. This practically means that the Council recommends to the Bulgarian President to issue a decree for the issuance of Bulgarian citizenship of the VD&A’s clients. Investor from the USA, customer of VD&A, is approved for BulgarianContinue Reading
What is a Foundation? The Foundation is a non-profit legal entity and with independent property formed by donations. In Bulgaria, the law allows the founders of a Foundation to be foreigners. The Law on Non-profit Legal Entities in Bulgaria regulates everything concerning the establishment, operation and termination of a foundation.Continue Reading
Interpretative decision of the Supreme Administrative Court A long-awaited interpretative decision of the Supreme Administrative Court (SAC) has been issued. According to the decision, if you are a manager of a company, a member of the management body or an appointed procurator and you have failed to publish data onContinue Reading
