Category Archives: News

Will two extortionists, living in Saudi Arabia and the UAE, be extradited to Bulgaria?

saudi arabian flag

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, this wasn’t always possible. Now, …

Refund extortion in Bulgaria

feedback extorion

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 “nuclear weapon” of the client is …

Bulgarian citizenship – comprehensive legal matter

Constitutional court Bulgaria

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 the citizenship(s) of Mr Kiril Petkov …

Another success in the procedures for obtaining Bulgarian citizenship by investments

VD&A

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 Bulgarian citizenship by investment The success …

What is the benefit of Establishing a Foundation in Bulgaria (including if you are a foreigner)?

Foundation in Bulgaria

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. For this purpose, a procedure …

Citizenship by investment seminars

Korea

Bulgarian citizenship by investment has been the hot-ticket for the last 5 years. But the misleading information that has been circulating on the internet is enormous. Bulgarian citizenship – events in Russia, Dubai and Korea VD&A is organizing its annual events in Asia, where the lecturers will be explaining the latest amendments of the Bulgarian …

Why do the latest changes in the Law on Protection of Competition (LPC) bring more security for manufacturers?

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, decisions and concerted practices applied by …

Dubai – hub for scammers offering Bulgarian citizenship by investment

Dubai scams passports

New wave of scams from Dubai, mainly originating from the JBR area, is striking those who want to get EU citizenship by investment. Two months after the Bulgarian citizenship by investment program was revamped in March 2021, Bulgaria remains de-facto the only EU golden passport option. And as the clients from Malta and Cyprus (Cyprus …

Bulgaria enhances its citizenship by investment program

Bulgarian citizenship 2021 - Bloomberg

What everybody was thinking in 2020 was that Bulgaria will cancel its citizenship by investment program. Nothing could be farther from the truth. The Bulgarian parliament passed the new citizenship law and made the investment citizenship program as robust as it can be. The new law is also backed by serious amendments in the foreigners …

Bulgarian citizenship – outlook for 2021

Bulgarian passport hard to get

Bulgarian citizenship – more valuable than ever The value of the Bulgarian passport is on its highest point, ever. If you thought that the Bitcoin is the champion in terms of value increase for 2020, think again. The new realms after the Cypriot investment citizenship was cancelled The interest for the citizenship of Bulgaria, after …