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Setting Up a Company in Bulgaria

Do you need a Bulgarian company lawyer?

DO YOU NEED A COMPANY OR WOULD LIKE TO START A NEW BUSINESS ?

Our clients asked us how they could do a company formation in Bulgaria. The procedure of company registration in Bulgaria is quite formal and requires specific documents to be prepared by a qualified company lawyer in Bulgaria.

One of the most interesting questions about the company start-up in Bulgaria is regarding the company registration itself.

Some of the business activities require to set up a specific company for management the whole process of developing of projects or productions.

As company lawyers in Bulgaria would like to inform our clients that this is not a simple job. This company does not just produce goods or provide services. Instead, it owns shares in another company.

Regulation for holding companies is essentially matching the regulation for any other company in Bulgaria; however, in certain cases they may benefit from preferences in the tax system.

Our legal team of company & corporate lawyers in Bulgaria can help you in establishing a holding company and the timely start-up of your business ventures.

There are several options that can be chosen as the most common of them are:

  • “Single person Limited Liability Company ” (EOOD) – an entity with one single owner with limited responsibility
  • “Private Limited Liability Company” (OOD)– owned by two or more partners with limited responsibility
  • “Sole Owner” (ET) – a simplified entity form which is appropriate for very small ventures (full owner’s responsibility)
  • “Freelance” – a personalized individual registration
  • “Public Limited Company” (AD) – joint stock company – a commercial company with share capital owned by its members
  • “Branch in Bulgaria” – Foreign legal entities registered abroad can register a branch in Bulgaria

Legal procedure of setting up a Bulgarian company

The process of establishing a limited liability company is fairly easy for locals who are familiar with the procedures. The application can be done via Internet however the web platform is only available in Bulgarian language the person applying would need to have a digital signature certificate.

In addition, the applicant needs the proper set of documents signed, a bank account in a Bulgarian bank with the registered capital deposited and finally – to pay the government fee.

The setting up a company in Bulgaria can be explained as an easy process for registration of public limited company or a private limited company.

register a company

Different requirements apply for different company types, such as the minimum amount of capital, the number of founding members, etc.

For example, the holding companies in Bulgaria are usually established by investors for the purpose of buying, managing and selling commercial interest, bonds and patents in Bulgaria, purchasing and managing shares of foreign legal entities, as well as providing financing for the companies it manages.

Bulgarian holding companies are mandated by Commercial Law in Bulgaria to invest at least 25% of their capital stock in a subsidiary. A holding company in Bulgaria has to own at least 25% of the capital of the subsidiary and has to represent 50% of the management board of the subsidiary as a minimum.

Special provisions for holding companies in Bulgaria

Bulgarian holding companies are not allowed to acquire or invest in a non-domestic legal entity in Bulgaria. Although holding companies in Bulgaria are allowed to acquire shares in real property companies, holding companies are not allowed to purchase real property which will not be used directly by that holding company.

Certain measures for financing other companies refer to holding companies.  This means that holding companies are allowed to finance companies which are under their control, but the loan amount in total may not exceed specific values.

Some holding companies in Bulgaria are taxed in the same manner as other local companies. The corporate tax rate in Bulgaria is 10%, and all dividends payable to non-residents are subject to a 5% withholding tax, anything applied under a different provision notwithstanding.

Bulgaria has signed treaties for avoidance of double taxation with more than 68 countries in order to avoid double taxation.

Bulgaria is a reliable country to establish a private companies, due to the special regime for dividend payments. Dividends received by a holding company in Bulgaria may be subject to tax exemption, if the company which makes the payment (as an example – the owned subsidiary) is a company established in a country member of EU or EEA.

This withholding tax exemption on dividends applies for income from dividend received by a Bulgarian company from another legal entity incorporated in the country as well.

IMPORTANT :  nder Bulgarian law there are no restrictions as to the size of the foreign participation in the capital of a Bulgarian company and, therefore, up to 100% of the registered capital of a local company can be held by foreign persons.

Our Bulgarian team of commercial & company lawyers provide you with the information necessary bout holding companies in Bulgaria and the particulars of taxation in the country.

If you would like to know more about other types of setting up legal companies in Bulgaria, or if you would like to understand more about the process of establishing a company in Bulgaria, please do not hesitate to contact us on + 359 897 90 43 91 or send us an e-mail to info@lawyer-bulgaria.bg.

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Litigation Lawyer in Bulgaria

If the people need a legal help for collecting some debts, they are calling the Litigation lawyer in Bulgaria. 

The litigation procedures in Bulgaria are very interesting and conservative

Thsi process could continue for different periods, depending on the complexity of every legal case.

A litigation lawyer is a solicitor or barrister who specializes in contentious matters and lawsuits.

The litigation lawyer represents his clients at all stages of a lawsuit from get up for trial, briefing counsel and is responsible for carrying the lawsuit through the court process.

Litigation Lawyer in BulgariaOur responsibily to the client

They all are ready to assist you and support you legally, if you need a legal advice for your issue in Bulgaria.  Litigation Lawyer in Bulgaria 

The most important responsibilities of the Bulgaria litigation lawyers are to prepare all legal documents.

They are necessary in court procedures in Bulgaria, needed for the defense or the assistance, giving legal advices and representing the clients & defending clients before the authorities in the court & public procedures in Bulgaria.

Our Bulgarian litigation lawyers will support you by preparation of legal documents.

They work usually on hourly basis and follow a specific legal procedure in whole litigation process before the Bulgarian courts.

Sometimes we need and require additional information from the clients or from the authorities.

That takes more time, especially when we need to prepare your defence or statement for the Bulgarian courts. Litigation Lawyer in Bulgaria 

During the litigation procedures before the Bulgarian court we have an access to all legal acts and documents shown.

Additionally we could investigate the case for additional information regarding the cases.

We can also ask for copies and samples of documents, as well as receive information of high priority from the Bulgarian authorities.

In regular cases, our Bulgarian litigation lawyers are owed remuneration for their work determined on hourly basis according tLitigation Lawyer in Bulgariao written or mutual contracts.

The payment of the Bulgarian litigation lawyers is in accordance with the Ordinance of the Supreme Attorney Council.

Exceptions in the litigation process…..

Before we start, there are some technical limitations for a regular litigation lawyer in Bulgaria.

A litigation lawyer is a solicitor or barrister who specializes in contentious matters and lawsuits.

Some individuals cannot be litigation lawyers in Bulgaria:

  • people convicted in crimes;
  • lawyers who had lost their attorney rights of practice;
  • traders or managers of a trade company;
  • governmental people & public office employees or the individuals who has declared the insolvency.

If you need our support or are looking for a litigation lawyer in Bulgaria, do not hesitate to contact us immediately

Our contacts are + 359 897 90 43 91, or send us an e-mail to info@lawyer-bulgaria.bg.

What does a litigation lawyer do?

The work of a litigation lawyer focuses exclusively on lawsuits to try and win the case. Most of the time, litigation lawyers handle a lawsuit in court, but ideally most clients try to mediate or settle a lawsuit out of court to avoid high costs of litigation. There are many different types of litigation including civil, tax, commercial, probate, financial services/regulatory, criminal, matrimonial and divorce, construction, intellectual property, insolvency and bankruptcy lawyers, personal injury, shipping and insurance litigation. Some large multinational companies or financial institutions even have their own in-house litigation specialist.

What is the litigation process ?

A litigation lawyers prepares for trial application, drafts affidavits from expert witnesses, provides advisory opinion and represents their clients in court

What every client could expect from a litigation lawyer ?

A litigation lawyer needs to prepare the get up for trial before the law suit is filed and this includes research, discovery of documents, gathering substantial evidence, advising the client if the matter should go to trial or should be settled before court. During the pre-trial period, after the suit has been filed, a litigation lawyer will file required pleadings, gather substantial evidence for trial, take depositions from expert witnesses and file and argue interlocutory motions.

What to expect on the job

Litigation is often very detail oriented, and a litigation lawyer can sometimes find himself having to file suits against multiple counter-parties for a single case. When working on large-scale lawsuits, a litigation lawyer may often brief external counsel (sometimes even QC – Queen’s Counsel) and also have a team of junior lawyers to help with more remedial litigation tasks such as collecting of evidence, discovery of documents and other matters. Smaller suits are sometimes settled out of court to help the client save some money.

What we offer to the clients ?

Litigation is sometimes a long drawn out process, as there are many legal procedures that need to be followed before a case can be settled or taken to trial and sometimes these decisions go on appeal for re-trial as well. The bureaucracy of court systems and regulations and their corresponding waiting times further extend the litigation process, as all bases need to be covered. Litigation is sometimes a long and complicated procedure, but for a patient and passionate lawyer, the reward of winning a case merits the effort.

**Family Lawyers in Bulgaria**

Divorce is a challenging journey, even more so for foreigners navigating unfamiliar legal systems with Family Lawyers in Bulgaria.

At Family Lawyers in Bulgaria, we understand the complexities of divorce proceedings and are here to provide essential legal support to our foreign clients.

**The legal Divorce Options in Bulgaria**

**1. Mutual Consent:**

This is the preferred option, requiring agreement on terms such as child custody and property division. Our family lawyers specialize in facilitating smooth mutual consent divorces.

**2. Irreparable Breakdown of Marriage:**
For cases involving infidelity, abuse, or prolonged separation, we guide you through the legal intricacies, ensuring a fair resolution.

**Navigating Bulgarian Divorce Laws****Family Lawyers in Bulgaria**

Bulgarian divorce proceedings are governed by the Family Code and Council Regulation.

Our experienced family lawyers are well-versed in these regulations, ensuring effective navigation through the legal process.

**Choosing the Right Family Lawyer**

Selecting the right family lawyer is crucial for a favorable outcome. Look for:

**Specialization in Family Law:**

Our lawyers have extensive experience handling divorce cases in Bulgaria.

 **Sensitivity and Assertiveness:**

We approach delicate situations with empathy while fiercely advocating for your interests.

 **Clear Communication:**

Transparent communication about the legal process, fees, and potential outcomes is our priority.

We strive for out-of-court settlements, prioritizing speed, cost-effectiveness, and reduced stress. The welfare of children remains paramount, and we work towards outcomes that prioritize their well-being.

**Divorce by Mutual Consent****Family Lawyers in Bulgaria**

We strongly recommend mutual consent divorces. Our family lawyers facilitate the process, ensuring a seamless agreement on parental rights, property relations, alimony, and more.

**Protecting Your Interests**

Our legal team prepares necessary documents, protecting the interests of our clients and children involved in the family. We emphasize the importance of a comprehensive divorce agreement to avoid complications.

**Divorce Due to Disruption of Marriage**

If the marriage has irreparably broken down, our family lawyers guide you through the legal steps. The court considers factors like misconduct and ensures the best interests of the children are protected.

**Contact us for expert legal representation**

For reliable family lawyers in Bulgaria, contact our legal team.

We provide the information you need and guide you through the complexities of divorce proceedings.

Call us at +359 897 90 43 91 or email us at info@lawyer-bulgaria.bg.

#FamilyLawBulgaria, #DivorceLegalSupport, #FamilyLawyersInBulgaria

Commercial debt recovery solicitors

Some of our clients need a legal support from commercial debt recovery solicitors.

When debtors fail to pay or continuously delay payment, prompt and effective action is crucial.

Recovering debts not only alleviates financial pressure but also safeguards your reputation.

Our tailored debt recovery service is designed for universities, letting agents, insolvency companies, tradespeople, and accountants, ensuring support that is sensitive to your specific needs.

The debt Recovery Services Include:

1. Tracing Debtors: Utilizing advanced tracking methods to locate debtors efficiently.

2. Issuing a Debt Recovery Solutions before Action: A formal support to encourage payment before escalating to legal action.

3. Negotiation: Engaging Commercial debt recovery solicitors with debtors to reach a mutual agreement, minimizing potential conflict and preserving relationships.

4. Issuing and Serving Claims: Initiating legal proceedings where necessary to recover debts.

5. Preparing and Serving Statutory Demands: Formal requests for payment that can initiate bankruptcy proceedings if ignored.

6. Enforcement of Judgments: Supporting you in collecting awarded debts after a court judgment.

7. Winding Up Limited Companies: Legal processes to dissolve companies that fail to settle debts.Bulgaria traffic ticket lawyerCommercial debt recovery solicitors

8. Applying for Bankruptcy: Assisting in the bankruptcy application process for individual debtors who cannot pay.

Choose Our Debt Recovery Expertise?

Your Recovery with Strategic Approaches

– Smart Collection Methods: Don’t just collect debts; enhance your overall recoveries by leveraging our expertise.

– Technology-Driven Efficiency: We harness technology and immediate data access to boost our recovery efficiency.

– Flexible Charging Options: Choose the Commercial debt recovery solicitors, ensuring transparency and adaptability.

– Tailored Solutions: Benefit from personalized strategies crafted by our Dispute Resolution and Insolvency teams.

– Swift Action: We initiate recovery steps on the same day, ensuring quick responses to your financial needs.

– Expert Guidance: Our specialists analyze the root causes of debt and recommend effective collection processes.

Proactive Debt Management

We go beyond recovery; our team offers advice on tightening terms and conditions, upskilling your staff, and updating your systems to minimize future debts.

Whether managing large portfolios or addressing one-off claims, our proactive, commercial approach ensures speedy resolutions.

What to Expect from Our Team

If your debt situation becomes contentious, you can count on our experienced Dispute Resolution team to navigate the complexities and guide you through the legal landscape.

Don’t let unpaid debts jeopardize your financial health.

Call us today to discover how our comprehensive debt recovery services can help you reclaim what you’re owed and fortify your financial stability.

Family & Divorce Lawyer Bulgaria

Every Bulgarian lawyer specialized in family and divorce legal procedures will inform his/her clients about the documents required and the kind of situation being in a divorce in Bulgaria.

Every divorce procedure has a regulation by the Bulgaria Family Code. The divorce process depends on the wish of our clients. Family & Divorce Lawyer in Bulgaria

Marriage in Bulgaria may either be terminated or suspended in specific cases, and an individual could get a divorce by mutual consent or by initiating a civil action.

Our legal team may represent you should you go through a divorce procedure in Bulgaria.

We are family & divorce Lawyer in Bulgaria highly experienced in tackling these issues. We can assist in a sensitive manner.

Where we need to take a strong position and represent you in court, we will do everything possible to ensure your success.

Our expertise and the legal team has been focused on family issues faced by international couples involving a Bulgarian and an International legal cases.

Child custody is the determination of where the minor children of the marriage should live and who should be responsible for them.

Family & Divorce Lawyer in Bulgaria

Legal grounds for divorce in Bulgaria

In Bulgaria, a marriage can be dissolved through a divorce when one of the spouses proves that the marriage has been seriously and irreparably disrupted.

This is a key ground for divorce under Bulgarian family law, allowing either spouse to file for divorce without needing to meet any specific time requirements or separation periods beforehand.

Legal Process and Timeframe

The process of obtaining a divorce in Bulgaria typically takes between four to six months.

However, the timeframe can vary depending on the complexity of the case and whether the divorce is contested or uncontested.

During the divorce proceedings, the court will examine the evidence provided by the claimant to determine if the marriage has indeed been irreparably disrupted.

Division of Property and Marital Assets

Upon the completion of the divorce process, the conjugal property community (the shared assets and properties accumulated during the marriage) is terminated.

The division of these assets is governed by Bulgarian law, which generally favors an equal split unless otherwise agreed upon by the parties.

Both spouses have the right to negotiate the terms of the division of assets, including real estate, savings, and other marital property.

 Child Maintenance and Custody

Child maintenance is another critical aspect of divorce proceedings in Bulgaria.

The Bulgarian legal system adheres to the principles laid out in Council Regulation (EC) No 4/2009

This Regulation 4/2009 suggest to governs jurisdiction, applicable law, and the recognition and enforcement of decisions in matters related to child support.

The amount and responsibility for child maintenance are determined based on the child’s needs.

The financial capabilities of the parent who is required to provide support.

Our legal team specializes in drafting comprehensive child maintenance agreements that comply with both Bulgarian and EU regulations.

These agreements ensure that the child’s best interests are prioritized

The agreement consist the text, that both parents fulfill their financial obligations post-divorce.

Legal Support from Bulgarian Family Lawyers

Our team of experienced Bulgarian family lawyers is ready to assist you through every step of the divorce process.

Whether you need advice on property division, child custody, or maintenance issues, we offer comprehensive legal support tailored to your specific circumstances.

If you have any further questions or require detailed advice, please do not hesitate to contact us.

Our Bulgarian family law experts will provide you with all the necessary information and support to navigate the complexities of divorce in Bulgaria.

For more details on Bulgarian divorce law, you can call us  on +359 897 90-43- 91, or by sending us an e-mail to info@lawyer-bulgaria.bg

Debt Collection Bulgaria

If you have a partner in Bulgaria with unpaid invoices, you need reliable legal support for debt collection in Bulgaria.

If you have a Bulgarian customer who has not settled their invoice, we can assist you with the entire debt recovery process.

Our firm is 100% dedicated to delivering top-notch debt collection services in Bulgaria, ensuring that your financial interests are fully protected.

Navigating the complex landscape of Bulgarian debt collection requires expertise in local laws and procedures.

Our legal praxis in debt collection

By working with our team, which includes experienced local lawyer, you can significantly increase the likelihood of recovering the payments owed to you.

Our comprehensive understanding of the Bulgarian legal system, coupled with our strategic approach to debt collection

We are positions us as a leading choice for businesses seeking effective debt recovery solutions.

Debt Collection in Bulgaria involves a structured procedure for reclaiming due payments from debtors and defaulting payers.

This process can be intricate, particularly for international clients unfamiliar with Bulgarian legal practices.

The stages typically include initial contact and negotiation with the debtor, followed by formal legal action if necessary.

We will guide you through each step, from sending a formal demand for payment to initiating court proceedings if the debtor fails to comply.

Moreover, our services extend beyond mere legal representation; we provide a tailored approach that considers the unique aspects of each case.

We work closely with our clients to understand the nature of the debt, the debtor’s situation, and the most effective strategy for recovery.

Outsourcing your debt recovery process to us not only improves your chances of successful debt collection

We allows you to focus on your core business activities without the distraction and stress of pursuing unpaid invoices.

Our goal is to secure the payments you are entitled to while minimizing any potential disruptions to your business operations.

Support from a debt collection lawyerDebt Collection Bulgaria

A debt collection solicitor has several important features, which present his authorised actions, regulated and granted by law:

A debt recovery solicitor can send juridical letters to the debtor.

Such documents can consist of letter before action, letter of demand, etc.

These letters have to be in compliance with different laws according to the country.

Debt collection lawyers can personally visit the debtor in his premises and offer a convenient payment plan to settle the debt.

A debt collection lawyer has the right to forcefully seize part of debtor’s property to clear the debt,

The debt recovery solicitors rarely do so, as negotiation is usually a successful enough debt collection method.

The debt collection attorney can resort to small claims court; advise a wage garnishment from a local court, or even submit bankruptcy proceedings.

Enforcement of wage garnishment with the help of court and law orders are typical events when the debtor rejects the previous reminders, official letters and legal actions.

This amount varies in countries, but can also depend on the occupation of living and the amount earned per month.

What is Debt Collection in Bulgaria?

How we can help you with our lawyer in collecting debt in Bulgaria, who are well-versed in the intricacies of Bulgarian debt recovery regulations.

If the debtor does not pay the claimed monetary claim, the creditor has the only option to collect claims by starting various types of legal proceedings

We are ready to start the process drafting a legal claim against his unscrupulous debtor for full debt recovery in Bulgaria,

Our law office D.Vladimirov & Partners offers various solutions with the aim of maximum client satisfaction.

We offer cost-efficient pre-legal debt collection – before involving the court and legal debt collection – starting a lawsuit.

DEBT collection cases in Bulgaria Debt Collection Bulgaria

You can represent yourself in a debt collection case, or you can hire a lawyer to represent you.

If you represent yourself, you must follow the same rules lawyers do.

Not knowing the rules is not an excuse for not following them.

We provide professional legal services in commercial law and litigation procedures.

We will be happy to represent you and your company, if you require legal actions to be taken regarding outstanding debts.

Debt collection lawyers in a private sector are convincing debtors to pay their debts voluntarily by withholding certain benefits.

Our clients work in many different fields and operate on the different countries’ markets.

Legal stages 

We, as debt collection lawyers in Bulgaria will advise you how to get your money back. If your debtor refuses to pay we can go to court in consultation with you.

We will conduct a feasibility study to determine whether legal proceedings are beneficial.

We will always inform you on the possible costs and will only start legal proceedings after receiving your consent.

The whole procedures of debt collection in Bulgaria consists of simple steps at the start and might involve legal action, should it be required.

The debt collection lawyer in Bulgaria should  require a complete access to all the necessary debtor-related documents.

Debt Collection Bulgaria

Debt Collection Bulgaria

Stage one of the debt collection procedure in Bulgaria  is contacting the debtor

The creditor should clarify the details on the outstanding payment.

Should the debtor fail to make a voluntary payment, the next step is sending an official letter.

Debt collection procedures

Then our lawyers will first determine the competent court and the applicable law.

Based on these factors, we will determine the most appropriate course of action

We support you, while assuring you that the best debt collection specialist is assigned to your case.

How to Start a Debt Collection Procedure?

To proceed with debt recovery in Bulgaria, the right of the creditor must be recognized.

Recognition takes place through executive grounds.

These are documents comprehensively provided for in the law, which certifies the right to forced debt collection.

With native Bulgarian-speaking specialists, our lawyers can solve your debt collection cases in Bulgaria.

Legal support in debt collection cases in BugariaLawyer Bulgaria, Legal Service Bulgaria

The regular deadline for response to this letter would be ten days.

If the debtor pay, the parties shall agree on a payment plan and calculate installments.

Should the debtor fail to respond to pre-legal payment, the legal action is the ultimate remaining option.

This process usually involves two phases: pre-litigation and litigation phase.

We, as a debt collections lawyer in Bulgaria support our clients and provide them with complete details for debt collection procedure in Bulgaria

Our Bulgarian debt collection lawyers will be happy to help you solve your payment conflict.

If you have any questions about debt recovery in Bulgaria or require professional assistance with collecting debt in Bulgaria, do not hesitate to contact us.

Our specialized debt collection attorneys are here to support you every step of the way, leveraging our extensive experience and legal expertise to achieve the best possible outcome for your case.

Please feel free to contact us for more information+359 897 90 43 91, or send us an e-mail to office@lawyer-bulgaria.bg.

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