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Condominium Ownership Management
Written by lawyer
Category: Legal advices
Condominium Ownership Management Public relations regarding the management of common parts of buildings under condominium ownership arrangements and rights and obligations of owners, tenants and occupants of individual units or parts thereof, are regulated under the Condominium Ownership Management Act (COMA), (effective as of May 1st, 2009, published in the State Gazette, issue 6, dated […]
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Documents checklist property sale in Bugaria
Written by lawyer
Category: Legal advices
Document checklist for property sale in Bugaria Property title documents – certifying the title of the property. Most frequent documents of ownership: Title Deed, registered with the Registry Agency – title deed for purchase and sale, title deed for donation, title deed for exchange, notarized statement of ascertainment; Deed with registration records; Sales Agreement executed […]
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ANNUAL BALANCE & FINANCIAL STATEMENT
SUBMITTING ANNUAL BALANCE & FINANCIAL STATEMENT OF BULGARIAN COMPANIES Every year the companies must publish annual financial statements for the past year, as the deadline for sole proprietors (which are subject to statutory audit) is 31st May, for limited liability companies (LLC) – by 30th June, and for all other entities– by 31st July. Bulgarian […]
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FOREX LICENSE IN BULGARIA
FOREX LICENSE IN BULGARIA Every company, who wants to operate and get licensed on the Bulgarian FX market, needs to be registered as an investment intermediary in Bulgaria and become licensed by the Bulgarian Financial Supervision Commission. This statutory body operates under the umbrella of the European MiFID. The foreign companies abide by the rules […]
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FOREX TRADING LICENCE BULGARIA
GETTING THE FX TRADING LICENCE IN BULGARIA Our law office provides a full range of financial legal advises & professional financial services to FX companies, comming from abroad. The Bulgarian Financial Supervision Commission has been the main regulatory authority in charge of registering, maintaining stability & transparency within the non-banking financial industry in Bulgaria. This […]
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Drafting of power of attorney in Bulgaria
Written by lawyer
Category: Legal advices
POWER OF ATTORNEY IN BULGARIA Every Bulgarian authority require a written power of attorney (PoA), when a proxy is going to check his rights or manage something in Bulgaria. Usually the power of attorney has been used in Bulgaria when there is a need to appoint a person (natural or legal) to perform legal actions […]
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Purchase of property Bulgaria
Purchase of property Bulgaria Property research Thorough area research and companies contracted (developers, estate agents and lawyers) is highly recommended . Examine a range of properties suggested by different agents, compare prices and ensure you are paying a fair price. Extreme caution is advised. Do not rely on estate agents, promoters or lawyers, […]
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Management of Condominium Buildings
Public relations regarding the management of common parts of buildings under condominium ownership arrangements and rights and obligations of owners, tenants and occupants of individual units or parts thereof, are regulated under the Condominium Ownership Management Act (COMA), (effective as of May 1st, 2009, published in the State Gazette, issue 6, dated January 23rd, 2009, […]
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Preventing property Frauds
Preventing Property Frauds in BULGARIA In the wake of the global financial crisis, the rise in unemployment and the drop in consumption in Bulgaria, crime levels are on the rise, property related fraud in particular. The bad actors range from educated professionals to poorly educated individuals. The National Police Directorate General has classified different types […]
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Selling your Bulgarian property
Selling your Bulgarian property Selling your house, land or apartment is a very important action, particularly if it is owned by a domestic registered limited liability company in your name. Our legal department has prepared this article in order to lead you through this procedure which may look like a labyrinth , but in fact […]
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