Property Lawyer in Bulgaria
The most popular ways for becoming real estate owners in Bulgaria are as following:
Step by Step…
Once you choose your property in Bulgaria, we are starting to prepare the Preliminary Contracts.
The most popular ways for becoming real estate owners in Bulgaria are as following:
Once you choose your property in Bulgaria, we are starting to prepare the Preliminary Contracts.
Selling your property in Bulgaria is not very easy, even if you have already find a buyer. That’s why you are in need of assistance. Look for a Bulgarian property lawyer!
If you have already bought a property in Bulgaria, you need to check up if this property had been registered in all the necessary authorities. And in the Municipality Office, too.
Usually, if you have a good property, is quite easy to find buyers in Bulgaria. As property lawyers in Bulgaria, we could help you finding a buyer and getting a good price for you.
It is very important to follow the legal advices of a property lawyer so that you will save money and precious time. Our experienced Bulgarian property lawyers will help you with the documents for the selling.
Before you sell your property in Bulgaria, you should have all the documents necessary,as well as declarations needed for a sale – prepared in advance. We assume you will need qualified property lawyers. This means, you need us.
Our property lawyers in Bulgaria are ready to assist you and protect your interests in selling your property in Bulgaria. You need just to call us or to send us an email. Then we will be ready to start the legal procedure.
Before starting every single deal, your lawyer is obliged to check for potential legal problems. He/she has to prepare all the documents necessary for the transfer of the ownership over this property. And so we do! We always check if there isn’t any property charges over your property you are trying to sell. For example, encumbrances, mortgages or pledges over your property by the Tax Office or by a third party.
Usually, when our buyer signs the preliminary contract, he/she needs to leave a deposit as a percentage of the sale price of the property in Bulgaria. When we help you finding a buyer, we require a simple power of attorney to represent you by conclusion of the preliminary contract for the purchase of the property with the buyers in Bulgaria.
Our qualified property lawyers will prepare the draft of Preliminary contract and will negotiate with the buyer concerning the transfer fees of your property.
After receiving the written confirmation for all necessary legal conditions, we sign the preliminary contract for purchase on your behalf. Then we send you a copy of it. We are obliged to find buyer/-s and sell your property correctly.
When all of the documents and declarations are done, our lawyers start preparing the Notary Deed for transferring the ownership over your property. You can trust us – we are specialized in property sales of foreign clients in Bulgaria.
Each Bulgarian property lawyer will help you with the documentation and legal proceedings.
The next legal step to sell your property is to sign the Title Deed for the sale of your property. We will help you by representing you at the Notary Public in Bulgaria.
The last step to complete your sale is submit the declaration with your property into the Tax Office of your municipality.
Remove the old owner’s name of the property from the Tax Register, to avoid any legal problems.
We, as property lawyers in Bulgaria will highly recommend you using our legal services to complete all this legal issues & steps.
The mentioned property legal proceedings are just for your information, if you are trying to sell a real estate property in Bulgaria Every single case has got its legal specifics & questions.
We strongly recommend you to use a property lawyer in Bulgaria for legal transactions, in order to save your time, money and worries. Call us now on + 359 897 90 43 91
Bulgaria is a member of the European Union since 2007. For аlmost 10 years the property market has changed in a very perspective and positive way. Bulgaria has got some advantages in the opportunity to serve foreign investors. Some of the advantages are as following:
We are property lawyers in Bulgaria acting like legal advisers of many individuals and legal entities. We would like to advise our clients and foreign investors as well.
What about the taxes? The “tax estimation price” is for the purposes of real estate taxation. It usually is lower than the actual selling (purchase) price.
Most of the sellers of real estates in Bulgaria wish to sell their property on a “tax estimation price”. Everybody knows that the price is very low and the buyers has got no guarantee they will get the whole sum in the end, either. The difference is concerning the tax issue on the sale – because the sale price needs to be covered by the taxes, and the seller don’t want to pay those taxes. Sometimes sellers prefer to keep the real price, if the property is owned by several owners. Practically, the last ones are not aware of that kind of legal issues.
If you have any legal questions if you would like to buy a property in Bulgaria, or would like to know something else, do contact us. Our laywers will help you in the best way.
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.
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.
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 2 858 10 25 or send us an e-mail to email@example.com.
Working as professional tax lawyers in Bulgaria, many clients asked us how much is the dividend tax rate in Bulgaria. We have a great expirience as tax lawyers in Bulgaria so we do inform our clients that dividends are payments made by a corporate legal entity to its shareholders, which are usually distribution of profits. A corporation may choose to reinvest either the profit or any surplus, to use retained earnings or distribute the profit to shareholders. Dividends are payable in cash or as new shares, i.e. treasury shares.
Any type of compensation, financial or in kind, is considered as an income and so it is a subject to a personal income tax domestically. Dividends remain within the list of sources of a taxable income. Other items on this list can be: salary, bonuses, income from interest, income from other economic activities, capital gains or rental income. However, reinvested dividends are tax-exempt in Bulgaria.
As tax lawyers in Bulgaria, we advise our clients that according to the Corporate Income Tax Act in Bulgaria, withholding tax shall be payable as regards to dividends at a rate of 5%, if it is distributed to private individuals. These include non-residents, if the residents are citizens of an EU or EEA member state. In case of Special Purpose Investment Vehicles or if foreign legal entities outside an EU/EEA member state foreign entities distribute dividends, then dividends distributed to legal entities of residents of Bulgaria shall not be included in these legal entities’ taxable income. For capital gains deriving from holding shares in subsidiaries, the the flat corporate income tax shall apply at a rate of 10%, or at the level of a Bulgarian company.
In Bulgaria withholding tax may not be necessary to be paid, if shareholders in the Bulgarian legal companies are tax residents of an EU country and they are not residents of a third state on the grounds of a double tax treaty. Moreover, if the shareholders are payers of corporate income tax in their resident state and they are not entitled to any tax exemptions, then they are not a subject to withholding tax. It also applies to non-residents that hold at least 15 % (percent) of the shares in the Bulgarian company that distributes the dividends for at least two years.
In our legal praxis as tax lawyers in Bulgaria, we see that after receiving a dividend payment from a Bulgarian-registered legal entity, withholding tax is paid, so the recipient shall not have to report on it and shall not owe any personal income tax on that amount. Should the dividends be received from a non-Bulgarian legal entity, however, it shall be included in the tax return and shall be taxable as a personal income tax. If you are interested in getting more information for divident taxes for your investment in Bulgaria, our tax lawyers will be happy to provide you with all information you require and will assist you in all legal procedures. Please call us on + 359 2 858 10 25, or send us an e-mail to firstname.lastname@example.org.
The litigation procedures in Bulgaria are very interesting and conservative and could continue for different periods, depending on the complexity of every legal case. Our Bulgarian litigation lawyers have a legal exprttise and experience in different legal court procedures as debt collection, commercial law cases and civil procedures.
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 to written or mutual contracts. The payment of the Bulgarian litigation lawyers is in accordance with the Ordinance of the Supreme Attorney Council.
Before we start, there are some technical limitations for a regular litigation lawyer in Bulgaria. For instance, to represent his/her clients in Bulgaria in front of the Supreme Court, the lawyers must have NO less than five years of legal & attorney experience in courts.
Some individuals cannot be litigation lawyers in Bulgaria:
If you need our support or are looking for a litigation lawyer in Bulgaria, do not hesitate to contact us immediately on + 359 2 858 10 25, or send us an e-mail to email@example.com.
We will support you during the entire court proceedings and will give you all the legal advices to fix your problems and to save your time and funds!
We are acting as custody & family lawyers in Bulgaria. Usually we support our clients for all circumstances from divorce procedures and custody rights Bulgaria.
We are Bulgarian lawyers in family law who resolves any legal problems and relationship’s conflicts based on marriage, kinship adoption, guardianship and tutelage.Divorce cases in Bulgaria
Every experienced family & divorce lawyer in Bulgaria will inform you that there are two ways to get a divorce in Bulgaria – by mutual consent or by irreparable distortion of the marriage, if both spouses are Bulgarian citizens.
Тhe Bulgarian legislation and Family code is applicable with the appropriate Council Regulation (EC) No 4/2009 on jurisdiction, applicable law, recognition and enforcement of decisions and cooperation in matters relating to maintenance obligations
As Family lawyers in Bulgaria we recommend to our clients to do a divorce by mutual consent.
If both spouses agree to divorce, the court shall grant the divorce no requirements for any further investigation on the justification for the decision to end the marriage. Divorce cases in Bulgaria
In order to complete the divorce procedure in Bulgaria, both spouses have to settle on the discharge of parental rights, personal relations and child alimony, the matrimonial home and property relations, spousal alimony and family name.
In case of divorce, we prepare the documents necessary for the court where we shall protect the interests of our client & the childrens in the family.
Preparing the divorce agreement is one of the easest way for solving a divoce issue between the both partners in Bulgaria.
If they are not protected, or if the settlement is not complete, the court will set a term and within this term any and all faults have to be eliminated. If the problem is still pending after this term has expired, the divorce application shall be dismissed.
Our legal cases require an involvement of a legal professional. If you need a reliable family & divorce lawyer in Bulgaria, you can contact our Bulgarian legal team and our lawyers will provide you with all the information you need.
We, as Bulgarian lawyers in family law, do inform our clients that a divorce due to disruption of marriage may only occur if one of the spouses does not enter the divorce procedures in Bulgaria on his/her own volition. Divorce cases in Bulgaria
If the court has approved the divorce procedure in Bulgaria and if the disruption of the marriage has not been caused by one of the spouses, then the court may rule ex officio.
Furthermore, the court in Bulgaria will not proceed to rule in favor of the divorce if the breakdown of marriage has been caused by the misconduct of the plaintiff, if the other spouse wishes to preserve the marriage.
After the divorce in Bulgaria, if the matrimonial home could not be used separately by both spouses, the court will rule regarding it in favor of one of the spouses.
The children’s interests have to be protected. If the marriage does not involve any minor children, and if the matrimonial home is the property of the responsible spouse, then the court shall have the right to grant the spouse who is not responsible for the disruption of the marriage.
The last can use the home for a limited duration.
If you have any specific questions, please do not hesitate to contact us immediately on the following phone number: 00359 897 90 43 91 or send us an e-mail to: firstname.lastname@example.org.
Our law office, acting as company lawyers In Bulgaria, works with many legal issues & problems. However, dissolving or liquidation a companies may be a voluntary procedure. Sometimes the decision has to be adopted by the company’s shareholders, or a company might merge with another legal entity.
The company lawyers in Bulgaria are the specialist for dissolving or liquidating a company in Bulgaria which may also be mandatory – may be the company experiences bankruptcy procedures, or a decision may be adopted by the Bulgarian court. We, as company lawyers in Bulgaria, do work also from the whole legal process of setting up a company in Bulgaria and including it in the Commercial Act of the Republic of Bulgaria. Completing of the winding up process requires undertaking certain actions and the owners may aski for the services of a law office in Bulgaria to assist with the formalities.
Regardless of the reasons which have resulted in liquidation of companies, our team of company lawyers in Bulgaria will be happy to provide assistance and legal counsels for the full duration of the procedure.
The whole procedure for liquidation of a company in Bulgaria starts with accepting a decision by the shareholders of the company, or a ruling by a competent Bulgarian court. We, having a professional company lawyer in Bulgaria, move the procedure and prepare the documents on the first stage which consists the full suspension of the company operations – the stage of dissolving the company. Dissolving & Liquidation of company in Bulgaria, as a first phase is required because the company has to terminate any and all businesses and procedures before its assets are transferred to any other party.
The company liquidation in Bulgaria shall be started and dissolved with a decision of the shareholders. The legal decision for a company liquidation in Bulgaria is adopted with a majority of the shareholders (at least 75% of the company equity). Following the company decisions, the manager of the company has to notify the National Revenue Agency of this company decisions and of the start of the liquidation procedures in a Trade & Commercial Register.
Despite the fact that the company still exists for the duration of the liquidation procedure, it may not perform any business activity. Following the conclusion of the procedure, the company will no longer exist and shall be deleted from the Commercial Register of the Republic of Bulgaria.
The most relevant step in the liquidation procedure in Bulgaria, according to our Bulgarian company lawyers, is settling any and all payables and debts of the company to other parties. The assets of the company have to be divided amongst all company creditors and any remaining assets of the company shall be divided between all shareholders. This is an out-of-court procedure involving all partners in the company and all creditors.
An insolvency procedure against the company may be initiated by any other party during the liquidation procedure, if the insolvency procedure in Bulgaria has been complied with. After this procedure is finalized, a liquidator shall be appointed and the role of the liquidator is to terminate the company. The liquidator may be a former manager of the company, or any other person appointed by the Commercial Register of the Republic of Bulgaria. Our Bulgarian company lawyers are ready to prepare all the documents necessary and to submit them in the court, if the liquidation procedure is required.
The liquidator shall have the right to undertake any and all actions necessary to complete the liquidation and shall represent the company before the competent authorities. The responsibilities of the liquidator shall include, among other things:
– terminating any current deals;
– collecting debts;
– conversion of any assets into cash-at-hand;
– repaying all loans to creditors;
– preparing a balance sheet;
– terminating the company’s accounts.
Any and all new transactions during this period will only take place for converting the assets into money, or concluding any other actions related to the liquidation. A liquidation certificates shall be issued by the National Revenue Agency of the Republic of Bulgaria. This certificate of liquidation, along with the shareholder’s decision to liquidate the company, the appointment of the liquidator and a report, which details the manner for the performance of the liquidation procedure, are to be submitted to the Commercial Register. Our Bulgarian company lawyers can help you with submitting any and all of the legal documents necessary.
Finalizing the company liquidation procedure in Bulgaria
The liquidator of the company has to ensure that all creditors of the company will file their claims. The existing claims may be submitted maximum within six months after the delivery of the liquidation announcement to the creditors. After all liabilities have been settled and all assets of the company have been divided, the liquidator shall take any and all measures necessary for deleting the company from the Commercial Register in the Republic of Bulgaria.
Liquidation of a company in Bulgaria will take not more than six months, also by existing claims. Our Bulgarian company lawyer can prepare all documents necessary and suggest you a legal assistance for dissolving and liquidating the company. For more information, please feel free to contact our office on + 359 2 858 10 25 or send us an e-mail to email@example.com