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Register a limited company in Bulgaria

Set a limited company in Bulgaria is a company formed by a contract between two or more persons to carry out business under a common firm.Register a limited company in Bulgaria 

This is the situation, when one or more of the partners are jointly and fully liable for the obligations of the company, and the rest are only responsible to the extent of the payment agreed. Register a limited company in Bulgaria 

Тhe name of at least one full liability partner and should be of a national exclusivity.Register a limited company in Bulgaria

The contract for the establishment of a limited partnership shall be made in writing with the notarized signatures of all members and must contain the requisites set out in the provisions of Article 102 of the Commercial Law.

Requirements for set up of Limited company in Bulgaria?

The establishment of a limited partnership does not require any initial capital.The entry of a LP in the Commercial Register is based on an application form. It can be requested by any of the full liability partners or by a lawyer with an explicit written power of attorney.

The limited partnership has got two categories of members – full liability and limited liability partners. The management and representation of the company supposed to be made by the full liability partners. Register a limited company in Bulgaria 

The full liability partners do not make any financial or material contributions to the company.

On the other side, limited liability partners are required to make a financial or material contribution in the company but they have no right to manage.

The limited partnership is the second form of partnerships regulated in the Bulgarian Commercial Act. It differs from the general one in respect of the partners’ participation.

There are two different types of partners to the limited partnerships – ones that bear unlimited liability (general partners) and ones that are only limitedly liable (limited partners).

According to the Commercial Act, the limited partnership consists of at least one general and one limited partner.

The partnership is founded on the basis of a partnership contract.

The trade name of the formation must contain the name of at least one of the limited partners.

According to Article 101 (2) of the Commercial Act, a limited partner is deemed to bear unlimited liability, if his/her name is included in the trade name of a limited partnership.

The internal relationship between the limited partners is similar to the relationship between the partners of the general partnership, except for the rights and obligations.

The general partners are obligated to deposit a contribution.

This contribution determines their share in the future profits and their liquidations quatas. Also, limited partners are subject to the obligation of loyalty – without the consent of the other partners, one partner may not have got a rival commercial activity.

With regards to the external relationships of the company, the limited partners do not have got an important role.

Mainly, they do not participate in the management unless they are expressly nominated to.Register a limited company in Bulgaria 

According to Article 112 of the Commercial Act, limited partners bear unlimited liability for legal transactions that have been conducted in the name of the partnership before or after its foundation, whenever the creditor did not know that he was contracting with a limited partner.

Otherwise, limited partners bear liability toward the partnership’s creditors to the extent of the contribution made, even if it has not been paid completely.

This provision also applies regarding losses of the partnership. In General partners bear personal, unlimited, joint and several liability.

Challenging a Will Lawsuit

If you think your interests are injured with the will, left by your testator, seek help from a hereditary cases lawyer. He will initiate a challenging a will lawsuit.

There are null and void grounds for filing a challenging a will lawsuit. Null grounds have no legal effect while void grounds have legal effect, but it can be suspended. For this purpose, it is necessary judging the relevant claim or objection. To be filed challenging a will lawsuit it is necessary not to have expired 10-year duration of opening of succession. In addition: not to have passed more than 10 years since the death of the testator. The period between learning the reason for filing a challenging a will lawsuit and starting the procedure should be maximum 3 years.

The first ground of nullity is governed by Art. 43, para. 1 b. A the Law of Succession. It is related to testamentary capacity. In order for a person to draw a valid will, it should be major and be able to act wisely and handle his actions. This is Decision № 244-1979-I, 83-2004-II GO SCC.

People who are under full guardianship do not have testamentary capacity. A controversial issue is the ability to bequeath of such person. According to some of the opinions, a person placed under partial guardianship can not be legally able to prepare a will. Case law, however, takes the opposite view. It is assuming a decisive factor specific factual possibility of reasonable actions of the person rather than the legal limit of capacity. For this reason, in a challenging a will lawsuit a person’s legal capacity to bequeath shall be assessed to the date of the will. It doesn’t matter the legal capacity of a person before making a will.

The Secon Ground

Challenging a Will Lawsuit

Challenging a Will Lawsuit

of nullity of a will is governed by art. 43, para. 1 b. “B”  Law of Succession. According to it the mistake, which is a discrepancy between the external objectification and the actual inner will of the testator, is a ground for dispute. Mistake can refer both to the person – successor, and the subject of inheritance. The mistake in the name of the successor does not vitiate the will. The contents must have enough data to customize the person (decision № 284-2000-I GO SCC). It is possible that there is a mistake of the motive for the preparation of the will and it is displayed as an independent ground for filing a challenging a will lawsuit.

It is envisaged that the motive is expressed in the very will and it is crucial, namely that it is the only reason for creating a testamentary disposition.

The following grounds for nullity of a will are “fraud and violence”. They are regulated in Art. 43, para. 2 Law of Succession. Violence can be expressed in physically or as a threat of force. If violence is in a form of a threat, it should create a well-founded fear in the testator, who is preparing a will.

In a challenging a will lawsuit the original claim may be filed to seek annulment. Without the need of changing the claim, it can be proclaimed the nullity of the will. To perform testamentary dispositions court can make a judgment, based solely on the will, submitted as evidence in the case.

Grounds for nullity of a will include:

  • procedural defect of the will – lack of full date and / or signature of the testator, the will is not written manuscript by the testator and is printed on a typewriter, computer or laptop
  • the motive of the will is contrary to law and morality
  • the will is on a contrary to the gratuitous nature of this type of document

Due to the variety of reasons that can lead to vice – grounds for filing a challenging a will lawsuit it is a good idea to seek help from a hereditary cases lawyer before you prepare this important document.

Contact us. We are professions. If you need some advices, you can receive helpful information online.

Sale of Shares of Common Property

If you are a co-owner of hereditary property and wish to sell your ideal part of it, but you do not want to offer the other co-owner / co-owners, as prescribed in law, then consult an experienced real estate lawyer. We work with excellent real estate lawyers, the best in this area. They know how to solve your problem without circumvent the law.

Sale of Shares of Common Property

Sale of Shares of Common Property

Our experienced real estate lawyer will tell you that according to art. 33 of the Property Act, if you are a co-owner of a property and want to sell your share of it, you must first offer the share of the property to another co-owner or co-owners, if they are several. Only when each of them refuses to redeem your shares, you may sign a purchase contract – the sale of shares of common property of a third party.

Unfortunately, in many cases co-owners of an inherited property, for example, are not in good relationships with each other. Moreover – they often do not even speak to one another. The presence of a deep rift in their relationship is the reason the co-owner who has decided to sell his shares, seeks to avoid direct contact with the other co-owner or co-owners. Sometimes the owners of real property are too many and do not even know each other. This is a common problem in inheritance of property – land. This situation occurs too frequently, but most of our customers do not know that it can be overcome. So if there are any any pressure points associated with the sale of shares of common property or preparation of documents for the sale of the property, contact our experienced specialist. Now you have the exclusive opportunity to receive free online consultation through our website. You can connect with an experienced real estate lawyer if you use the contact form on our website, the e-mail or phone number.

Why to choose us?

International law firm  “D. Vladimirov and partners” has extensive experience in the sale of  shares of common property. Our team of experienced real estate lawyers, completely dedicated to their work, knows the ins and outs that will get you out of this delicate situation. Here you will meet with an effective and lawful method that will accomplish your goal without circumvent the law.

Although the provisions of Article 33 of the Property Act is adamant there is a legal way to prevent offering your share of the property of other co-owners. Here it is: You, as an owner, if you want to make a sale of shares of common property of a third party must first transfer by donating a part of your share to the third party. If you own a ½ share of the property, it can be transferred by donation ¼ of your ½ share of the third party. Subsequently, you will sell the rest of your share to the same third party. This third party entitled gifted ideal part of the property is also provided in the position of a co-owner. Through this quirk you will comply with Article 33 of the Property Act and still sell your property to the person you wanted.

Such action is undoubtedly lawful and does not constitute circumvention. It is a widely used tool for solving problems related to co-ownership of real estate, where the co-owners are not able or willing to voluntarily resolve disputes of that nature.

If you want to get a quick free consultation from a professional, contact us by phone 02/858 10 25 or email info@lawyer-bulgaria.bg. We are available to answer your questions and give you the right advice on how to proceed in this situation. Before contacting us, please read the general terms and conditions that you can find in our website. We are available 24 hours a day.

Hereditary Cases Lawyer – Declaring a Will

The will as a specific type of document represents one-sided deal which can be created in two ways. It can be a notarized will, drawn up by a notary or a holographic will, written by the testator. Before you draw a holographic will consult with a hereditary cases lawyer, who will explain to you the specifics that you need to know when you decided to bequeath your property.

Hereditary Cases Lawyer

Hereditary Cases Lawyer

The first essential characteristic of a holographic will is that it is considered to be a personal gratuitous act which has legal consequences after the death of the testator. Till that moment the testator is entitled to change his holographic will several times. In order to be a will valid, it must contain within itself the exact date of preparation, the subject of will and must specify the subject who will inherit the property. When you have prepared several wills the only valid will is considered to be the one with the latest date.

When the testator has died the will should be declared and registered. To generate these legal consequences the successor, in whose favor the testamentary disposition is made, has to know about its existence. Before the death of the testator the main characteristic of the will is its confidence. In contrast, to produce legal effects after the death of the testator, there must be made several procedural actions that in no way can be characterized as confidential.

As any good hereditary cases lawyer will explain to you, after you have prepared your will, you should tell the person that you have specified as your successor in will for its existence. After the death of the testator the successor should be able to identify where the will is and to whom is entrusted for safekeeping.

What coming next?

The holographic will is known as a secret will because it is an expression solely upon the free will of the testator. His will should not be vitiated by side effects, suggestions to third parties or pressure – mental or physical.

After a consultation with a hereditary cases lawyer, you will find that in the Inheritance act contains a specific provision of art. 27 para. 1, according to which the person who keeps a holographic will is obliged to request its disclosure by a notary immediately after learning of the death of the testator. Note that this statutory provision is not connected to any special sanction that derives directly from the possible omission of the person who keeps personally holographic will. It is difficult to be proved the exact moment of learning about the death of the testator, which means that to be established beyond doubt that fact will need a full mainly proof.

Your hereditary cases lawyer will explain that any person who appears to be interested in the announcement of the will, can ask the district judge for the place where the heritage was found, to determine a specified timeline for submission of the will in order for it to be announced by the notary.

If the will is left for storage to the notary, he executes its announcement – pursuant to Art. 27 para. 4 of the Inheritance Act.

Most people can not understand what is the definition of “place of opening the inheritance.” As your hereditary cases lawyer would explain to you it is “the last residence of the testator.” The last residence of the testator may be specified as his permanent residence and permanent address in Bulgaria before his death.

The quality “interested person” is not easy to be proved. If the ” interested person ” is the successor in law of the testator, it is enough for him to submit an abstract of the death of the testator. But in most cases the person is not from the circle of heirs at law of the testator. Then the only direct evidence of his quality ” interested person ” is itself the holographic will. Your hereditary cases lawyer will tell you that the presentation of an abstract of the death certificate of the testator sets only the likeliness of the deceased to has drawn holographic will in favor of the plaintiff. The “interested person” shall indicate the person who keeps the holographic will.

 

Car accident lawyer Bulgaria

During the summer, the demand for a car accident lawyer in Bulgaria often increases, as many individuals find themselves in need of legal assistance after vehicular mishaps.

Navigating the roads in Bulgaria can sometimes lead to traffic accidents or crashes. In such stressful times, the expertise of a car accident lawyer in Bulgaria, along with a qualified insurance lawyer, becomes indispensable.

We will guide you on how to connect with a proficient Bulgarian insurance lawyer who can efficiently resolve all your legal issues.

Our team of skilled insurance lawyers in Bulgaria is dedicated to supporting every case with care, understanding that car traffic accidents can cause significant physical and emotional distress.

Contact authorities and your lawyer

In Bulgaria, a country known for its scenic beauty and historical landmarks, it’s crucial to be well-informed about the steps to take.

This guide is designed to equip you with essential information and insights on handling car traffic accidents in Bulgaria, ensuring your safety and reducing the legal and financial impacts of such incidents.

We are specialized in solving insurance and car accident cases.Insurance cases in Bulgaria

By contacting the insurance companies for getting sufficient insurance compensation in Bulgaria and abroad.

There are some stickers on the front glass of every car which shows you one main thing

  1. You need to have a valid insurance for damages on the third party.

To secure compensation for crashes in Bulgaria, it’s advisable to enlist the services of a professional personal injury lawyer who is experienced in such matters.

2. Prepare and show him/her all the necessary documents.

Then, the police officer is given a full account of the entire situation and the specific location of the accident on the road.

Insurance lawyer – what else?

3. Notify the Bulgarian authorities:

Under Bulgarian statutory law, it’s compulsory to report any accident that results in personal injury, vehicle damage, or significant property damage to the nearest police station.

It’s crucial to provide your personal injury lawyer with accurate and comprehensive details about the incident when filing a police report.

4. Notify your insurance lawyer promptly.

In the event of a car accident, provide your car accident lawyer in Bulgaria with all the necessary documentation required for the case, such as

A/The police report,

B/medical records (if applicable), and

C/ Pictures & photos of the accident scene.

An experienced insurance lawyer will advise you that the procedure for obtaining insurance compensation after a car accident hinges on:Car accident lawyer Bulgaria

  • the accident,
  • damages,
  • documents,
  • driver fault(s),
  • weather conditions and so on.

If a car accident happened in Bulgaria, you should fill in an accident protocol.

All drivers in Bulgaria must own one.

The crash protocol must include the most crucial circumstances that occurred during the accident to support accident claims effectively.

This protocol of crash should be filled after the crash is over from the police office.

This is the most important document, issued by the traffic police in Bulgaria.

In the event of personal injury or legal proceedings, this document is essential for Bulgarian courts to assess the case.

They will be needed before we submit the legal claim against the insurance company.

According to the consensus among insurance lawyers in Bulgaria, the pivotal question in every accident is whether the driver’s fault was the cause.

This needs to be well described in the Protocol of the accident.

Being insurance lawyers and acting as car accident lawyers in Bulgaria, we do help the injured people.Car accident lawyer Bulgaria

This could be a physical person- from the country or abroads.

Consult with a legal professional

If you’ve suffered significant injuries or face challenges in dealing with insurance companies, seeking legal advice and exploring medical treatment options is recommended.

A skilled Bulgarian insurance lawyer can navigate the intricate legal process, advocate for your rights, and strive for just compensation for your losses.

An experienced insurance lawyer can effectively negotiate with insurance companies on your behalf and represent you in court, should the need arise.

We are committed to legally supporting you to secure fair insurance compensation from the insurance companies in our country.

Our legal advice in crash cases

Experiencing a car traffic accident in Bulgaria can be overwhelming, but being prepared and well-informed can make a significant difference.

Important rules to follow up in case of accident

1.Remember to prioritize safety, gather essential information

2. Report the accident to the authorities,

3. Notify your insurance company,

4. Seek for medical attention, and

5. Consult with a legal professional when needed.

By following these steps, you’ll be better equipped to handle the aftermath of a car accident in Bulgaria

Adopting a no win no fee approach is the only way to protect your rights and secure the compensation you deserve after an accident.

Stay vigilant, drive safely, and be prepared for any unforeseen circumstances on the road. CALL US NOW on + 359 897 90 43 91 or send us an e-mail to info@lawyer-bulgaria.bg

Property Lawyer in Bulgaria

Every Bulgarian property lawyer will inform you for all the necessary legal steps for purchasing a property in Bulgaria. Working as a trustworthy property lawyers in our country, we would like to advise you on preparation of the legal documents needed.

The most popular ways for becoming real estate owners in Bulgaria are as following:

  • Buying a flat or limited ownership rights (the right of use, right to build a house, etc.). You can directly purchase them as a physical person or as a legal company.
  • Buying a real estate with land – houses, villas, plots and others.

Foreigners must set up Bulgarian companies so that they will become owners of the properties. Setting up a private company in Bulgaria is very easy and fast. Our firm will be able to help you immediately.

Acting as property lawyers in Bulgaria, we are preparing all the documents necessary and all the legal steps which Bulgarian Constitution requires. Our property lawyers will support you legally by getting the decision for purchase of property in Bulgaria.Property Lawyer in Bulgaria

When deciding to buy your own home in Bulgaria, you will have to find a property lawyer.

WE will protect you and will support you during the procedure.

We are always on your services to guide you at every stage of your purchase.

Step by Step…

There is a number of very important legal steps you must carefully follow during the property purchase proceedings in Bulgaria.  When you choose the property, you will need a property expert advice for the valuation of the land or house. Our property lawyers in Bulgaria will advise you for all legal conditions regarding the property.

We are checking every single plot or house before every deal in order to avoid any surprises or unexpected information.

Our legal advisors & property lawyers in Bulgaria make all necessary checks in detail on all aspects of the property and surrounding land.

As property lawyers, we will give you the entire legal information concerning your plot or property, if you decide to buy it by the help of our property lawyers in Bulgaria.

A simple advice to our clients: we cannot complete your property transaction before  getting all the documents necessary for it. We also need detailed information about your property before the deal itself.

Property Lawyer in Bulgaria

Once you choose your property in Bulgaria, we are starting to prepare the Preliminary Contracts.

We start with preparing the declarations and documents such as a tax evaluation documents, schedule of the plot and certificates for lack of encumbrances over the property.

When we have checked all documents, we are ready to go on with  drafting the Notary Deed. Then, we keep on with the transfer.

Property lawyer in Bulgaria

We support our clients finding property in Bulgaria with our property lawyers. Our clients can see the property suggestions from the Black Sea Coast to the Balkan Mountains.

Our clients can choose a rural property or luxuries villas in the mountain.

We just support them in their choice and prepare all the paperwork necessary. If you choose a property in Bulgaria, you just need to call us. You have to make a reservation for the next legal steps of checking over the ownership of this property in Bulgaria.

Property lawyer – Sunny Beach

Choosing a holiday property in Sunny Beach is quite easy. Sunny Beach, as its name says, is a sunny place where many people spend their whole summer time in Bulgaria.

If you’ve decided to buy a villa or a flat, we are ready to prepare all documents you need for your new property in Sunny Beach.

A lot of apartments had being sold every year, and this kind of purchase of property in Bulgaria brings the owner hundreds of thousands euro.

Also, new tourists and investors every single year. To buy a property in Sunny Beach, you need to find a good property lawyer. He/she will check the legacy before the transaction and transferring of the ownership.

Property lawyer – Sofia

The Bulgarian capital offers a huge numbers of  profitable properties for foreigners  and  investment demand.  The city of Sofia grows fast so buying a property in Sofia has been accepted as stable investment in Bulgaria. It is very easy to buy an apartment in Sofia, to rent it and/or to get small investments rate for your money.

The only thing you have to do is to decide whether is a good idea to save money there. The property market in Sofia is well-developed. The value of property rises with every new investments in the country. Our property lawyers has got huge legal experience regarding properties in Sofia market.

Property lawyer – Varna

The city of Varna is situated in the North Black Sea Coast. It is close to the Gulf of Varna. Everyone who has already purchased a property in Varna knows how profitable and successful it is.

There are some advantages of city of Varna – beaches, gardens and vineyards, groves and lakes. The properties in Varna are mostly country houses, luxuries villas…But some places are very slight. This is one of the reasons you need a professional property lawyer and real estates advisor in Varna.

Property lawyer – Pamporovo

Buying a property in Pamporovo is a good investment as this is one of the biggest Bulgarian winter resorts. Many developers has invested their money here and they have recaptured the sum two or three times.

To buy a property in Pamporovo, you need to have got a full set of necessary documents to start the first initial negotiations for this region.

Property lawyer – Bansko

Bansko is one of the most famous winter ski resorts in Bulgaria. Lots of people has already bought a property there.

The winter resort has been visited every year by many tourists and Ski Competition Committee. The World Cup of ski has been prepared and implemented in Bansko, and this made the winter resort even more attractive.

If you need to get more information about our property lawyer services, you can contact us on . + 359 897 90 43 91 OR send us mail to office@lawyer-bulgaria.bg 

Legal services to import & export in/from Bulgaria

Our legal team from corporate & company lawyers in Bulgaria works on the emerging market economy in Bulgaria. The country is a major exporter of industrial commodities.

Also, it exports agricultural and food products. Bulgaria is a land with a huge growth of outsourcing industry in the last couple of years.

Our legal practice shows that our trade partners are the neighboring countries, as well as other Western European ones. Bulgaria is a member of the World Trade Organisation.

Trade liberalization and compliance with the applicable international trade rules are the hallmarks of the country’s trade policy.

Our activity is focused on the company formation and supporting companies in their export and import business in Bulgaria.

Due to Bulgaria’s geophysical characteristics, the country produces numerous agricultural products and foodstuffs. The mountainous parts of the country are a natural source for ores and minerals, including: coal, copper, lead, zinc, bauxite and timber.

Legal advices to imports exports Bulgaria

Legal services to import & export in/from Bulgaria

We always inform our clients that Bulgaria’s main exports are domestic goods, petroleum and petroleum products, packaged medicinal products, chemicals, machinery, wheat and wheat-by-products and so on.

Bulgaria is a major coal producer in Europe. We produce essential oils, lavender and rose oil.

The main export partners of Bulgaria are Germany, Netherlands, Switzerland, Italy, Romania, Belgium, Turkey and Greece.

Our partners (countries) imports mineral products, machinery, vehicles, rubber and plastics, textiles and various chemical products. The country’s main import partners are: Russia, Germany, China, Italy, Romania, and Greece.

Our legal team of company & corporate lawyers in Bulgaria can help you with the relevant EORI and VAT registration.

Legal support for your current/future business

Our law office supports the clients and foreign investors in Bulgaria before the National Customs Agency of the Republic of Bulgaria. Our clients need legal advices from us, as company & corporate lawyers in Bulgaria.

The National Customs Agency is under the supervision of the Minister of Finance, and its structure includes the Central Customs Directorate, as well as eleven customs centers.

They are in: Sofia Airport, Metropolitan, Burgas, Varna, Vidin, Plovdiv, Svilengrad, Svishtov, Ruse and South-Western centers.

The National Customs Agency defines the legal framework, creates customs laws and deals with other customs-related issues.

Since 2007 the country has been obliged to apply all European directives referring to general customs rules and international customs cooperation.

Our legal support as company & corporate lawyers in Bulgaria gets the clients claims against the Bulgarian authorities and support them in the courts.

One of our legal law activities is to give advices to our clients no matter what the problem is.

Special permits and licenses may be required to perform certain trade activities in Bulgaria.

Our Bulgarian lawyers can help you with detailed information regarding the applicable legislation for different types of imported and exported products.

If you need more information, please contact our legal team of company & corporate lawyers in Bulgaria.

If you would like to know more about the legislation for foreign investments, call us on + 359 897 90 43 91 or send us an e-mail to info@lawyer-bulgaria.bg.

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