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
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
30 days is the deadline during which the buyer (the relevant chain or store) must pay the manufacturer After the latest amendments to the Bulgarian Law on Protection of Competition (LPC), some very important cases for Bulgarian business have been resolved. Among them, the settlement of protection against agreements, decisionsContinue Reading
Purpose of the procedure – Regulation (EU) 2015/848 The material introduces the main and secondary insolvency proceedings under Council Regulation (EC- European Community) No 2015/848. It has precedence over the rules of national legal systems. The rules contained therein are of a coordinating nature for debtors with assets in differentContinue Reading
Unfair competition – the essence of the term If you have a business in Bulgaria or are planning to form a company, then you need to know how to protect yourself in case of unfair competition. The Law for the Protection against Unfair Competition (LPUC) is the “tool” that servesContinue Reading
Collecting our receivables One of the most important and pressing issues in the current global economic crisis is related to payments between economic entities, and the so-called large intercompany indebtedness(and collecting receivables in the best way). The deteriorated economic environment creates grounds to multiple delayed payments, and most trade personsContinue Reading
Why would you need a Foundation (NGO)? The end of the offshore era – the Common Reporting Standard (CRS), FATCA and the new challenges for the financial privacy. Bulgarian foundation (NGO) – why would you need one? Long gone are the days when bank secrecy was seen as basic humanContinue Reading
