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Stages of court Litigation
Stages of court litigation in Bulgaria Bulgarian Legislation has a several levels of court litigation. Basically yhe court litigation in Bulgaria has been created and settled in four different instances (stages). The first instance court litigation in Bulgaria The first instance court litigation in Bulgaria involves the investigation and filling […]
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Legal documents transfer of property
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Category: Legal advices
Legal documents transfer of property 1. 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 […]
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Judicial division of property
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Category: Legal advices
Judicial division of property Judicial split – When co-owners fail to understand how to divide their property voluntarily and turn their ideal parts into real, they can turn to the court. This way of termination of the co-ownership is settled as a particularly indisputable production, which takes place in two phases . Any joint proprietor may file a claim […]
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Legal documents & apostiles
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Category: Legal advices
Legal documents & apostiles Most transactions involving real estate in Bulgaria require a notary at the location of the property. A notary may be used for a range of other dealings: to certify your signature on documents (for instance on contracts); to help you execute a Power of Attorney; to deposit a will for safe-keeping; […]
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Legal check of property
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Category: Legal advices
Legal check of property Acquisition of Land Our law office D.Vladimirov & Partners provide a professional legal services to property buyers in Bulgaria. As buyer of property If you would like to buy an apartment in Bulgaria, you need to purchase also an ideal parts of the building right upon the land. We suggesting you […]
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Bulgarian Construction Law Requirements
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Category: Legal advices
Based on the Costruction Law in Bulgaria the construction of a building could be divided in four major stages: Getting of building permission – that document represents the official start of the building process. It is issued by the municipality council per location of the future building and after the architectural plan of the building has […]
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Condominium Ownership Management
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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
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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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