Important Changes in Labour Legislation For Year 2013 – Part II

Dear clients and partners,

As from 1st of January 2013, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have prepared a brief summary of all the amendments and supplements in the payroll area

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Posted in Bulgarian Laws in English, Changes in Legislation, Consulting, Doing Business in Bulgaria, Payroll | Tagged , , , , , , |

Important Changes in Labour Legislation For Year 2013 – Part I

Dear clients and partners,

As from 1st of January 2013, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have prepared a brief summary of all the amendments and supplements in the payroll area

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Posted in Bulgarian Laws in English, Changes in Legislation, Doing Business in Bulgaria, Payroll | Tagged , , , , , , , , |

Year-End Closure and Publishing the Financial Statements for 2011

It is the beginning of the year and according the Chapter 5 from the Accounting Law every single Bulgarian company is obliged to complete the year end closure and to prepare and publish its financial statements. The deadlines for the above mentioned obligations are the following:
- for the submission of the Annual Tax Returns for 2011 to the National Revenue Agency and to the National Statistic Institute – no… Continue reading »

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Posted in Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Doing Business in Bulgaria, Questions & Answers, Taxation | Tagged , , , , , , , , |

Joint-Stock Company – Establishment, Rights and Obligations – Part I

The joint-stock company is a classic capital trade company in which there is almost a full detachment between the legal entity and the shareholders. For that reason the partners are called shareholders. The capital of the company is divided into equal parts, called shares. The shares are securities which materialize the capital and the participation in the joint-stock company.
The joint-stock company has the following distinguished characteristics:
- It is… Continue reading »

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Posted in Accounting, Bulgarian Laws in English, Consulting, Doing Business in Bulgaria, Incorporation | Tagged , , , , , |

Residence Permits for EU Member States’ Citizens On the Territory of Republic of Bulgaria

The regime for residence of EU member states citizens and their families on the territory of Republic of Bulgaria is defined with the Law for entering, residence and leaving the territory of Republic of Bulgaria by citizens of the EU and the members of their families.

An EU citizen is permitted to reside in Bulgaria with an ID card or passport for maximum of three months. If a member… Continue reading »

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Posted in Bulgarian Laws in English, Clients Showcase, Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation | Tagged , , , , , , , , , , |