DO YOU NEED A LAWYER WHEN ESTABLISHING A COMPANY?
Establishing a company is the first step towards starting your own business. Many entrepreneurs are tempted to go through the process on their own, believing that it is a formality that can be completed quickly and without professional help. In practice, however, registering a company is not just an administrative procedure – it lays the […]
INHERITANCE OF COMPANY SHARE IN LIMITED LIABILITY COMPANY
The inheritance of a share in a limited liability company (LLC) is a topic that raises a number of practical and legal issues. The situation in which a partner dies affects both: his heirs, the other partners and the company itself. The stability of the company, as well as the preservation of its economic and […]
STARTING A BUSINESS IN BULGARIA: VISAS, TAXES AND COMPANY REGISTRATION FOR FORIGNERS (EU CITIZENS))
How foreigners can register a company in Bulgaria in 2025 Bulgaria has been attracting entrepreneurs for years with its combination of low taxes, a stable economic environment and a strategic location. In 2025, the country became part of the Schengen area, which further facilitates foreigners in traveling and doing business. The corporate tax rate of […]
HOW WILL THE INTRODUCTION OF THE EURO AFFECT COMMERCIAL COMPANIES IN BULGARIA: CAPITAL, ENTRIES AND PROPOSALS
As January 1, 2026, the date when the euro will become the official currency in Bulgaria, approaches, more and more companies are looking for clear and reliable answers about the consequences of this change. The transition to the single European currency is not just a financial transformation – it also requires adaptation in legal, accounting […]
CIVIL OR EMPLOYMENT CONTRACT: DISTINCTIONS, RIGHTS AND OBLIGATIONS
In the modern business world, the question often arises whether a legal relationship should be structured as a civil contract (a contract for service or production) or an employment contract. Understanding the main differences between these two types of contracts is of key importance for both employers and contractors or employees, as they lead to […]
MAIN ASPECTS OF TRADEMARK PROTECTION IN BULGARIA
A trademark is a key asset for any company. It not only identifies the products and services of a business but also plays an important role in building a reputation and trust with customers. In this article, we will look at the main aspects of trademark protection in Bulgaria, including the registration process, legislation, and […]
SALE OF COMPANY SHARES AND SALE OF A COMMERCIAL ENTERPRISE: ANALYSIS AND PRACTICAL GUIDELINES
In business transfer transactions, the choice between selling company shares and selling a commercial enterprise is of key importance. Both approaches have their specific characteristics that determine their advantages and disadvantages. The sale of a commercial enterprise is regulated in Art. 15 of the Commercial Act: The enterprise as a set of rights, obligations, and […]
BANKRUPTCY: A COMPLETE GUIDE
Bankruptcy is a legal procedure that applies when a commercial company is unable to meet its financial obligations. In Bulgarian law, the procedure is regulated in the Commercial Act (CA) and aims to protect the interests of creditors, while ensuring the possibility of reorganizing the company, if possible. What is bankruptcy? Bankruptcy is a state […]
SECURITY FOR A FUTURE CLAIM
Securing a future claim plays a key role in ensuring justice in the dynamic world of law, where disputes can take time to resolve. This legal concept allows potential plaintiffs to protect their interests before they have even filed a formal lawsuit. What is the security of a future claim? Securing a future claim is […]
ENFORCEMENT ORDER PROCEDURE
The enforcement order procedure is a method of collecting the creditor’s claims when they are undisputed, but have not been fulfilled, by providing an enforcement order. The procedure is formal – it follows a precisely defined order, provided for in the Code of Civil Procedure (CCP). This procedure is faster and cheaper than the claim […]