Eastern Europe Tackles the Financial Crisis Ahead of the Eurozone Countries
According to data published by the European Commission, the GDP of the European Union will increase with 0.1% annual rate in 2013. Commentators from the Institute of Market Economics said that the situation in Cyprus from the past couple of days clearly showed that the issue with the European sovereign debt crisis had not been entirely resolved and continued to exist. The prediction is that the financial crisis will be… Continue reading »
Posted in Doing Business in Bulgaria, Incorporation Tagged business in Bulgaria
New Requirements for Obtaining Bulgarian Citizenship
Foreign people will have the opportunity to receive a permanent residency in case they have made an investment not less than 500 000 BGN in the capital of Bulgarian trade representation office and open not less than 10 work places for Bulgarians. As far as economically disadvantaged areas with high unemployment are concerned, the threshold of required investment drops to 250 000 BGN with opening of at least 5 work places… Continue reading »
Posted in Changes in Legislation, Doing Business in Bulgaria Tagged business in Bulgaria, Legislation
Registration of a Trade Representation Office of a Foreign Person
The trade representation office of a foreign person is not a legal entity. This person can`t exercise business activity on his own. Transactions concluded through it are always on behalf of the foreign person. When these deals are concluded with local people for the needs of the trade representation office, they should follow the procedure for transactions between residents. The trade representation office should be registered in the united register… Continue reading »
Posted in Clients Showcase, Doing Business in Bulgaria Tagged business in Bulgaria, Law, Legislation
The Tax on Financial Transactions is Expected to be Introduced in Eleven EU Countries
It’s an expectation that eleven out of seventeen EU countries that are part of the Euro zone will accept the proposed tax on financial transactions. The countries are: France, Germany, Belgium, Portugal, Slovenia, Austria, Greece, Italy, Spain, Slovakia and Estonia. This tax aims to increase the public resources and to encourage the responsible trading with financial instruments, to strengthen the united market by reducing divergent national approaches to the taxation… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Tax, Tax Services, Taxation, taxation bulgaria
The Proactive Approach of Attracting FDI in Bulgaria Continues in USA and Belgium
The successful investment forums of Invest Bulgaria Agency in Tokyo and Shanghai, were part of a sequence of events which will end with two more events in The Silicon Valley and Brussels. The events are part of the “Promoting the advantages for investing in Bulgaria” project, with the financial support of Operational Programme “Development of the Competitiveness of the Bulgarian Economy” 2007-2013. On February 28, 2013 in Palo Alto, Invest… Continue reading »
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