10 Most Popular Frauds In The Field Of Property Law In Bulgaria

The purchase of a real property in Bulgaria is probably one of the best ways to invest your money as it is a lifetime investment. But on the other hand this might be risky. That is why you must be very careful and spend a short time in investigating the property prior to entering a […]

Bulgarian Condominium General Meeting Of Owners (FAQ)

Since 2009 when the new Bulgarian Condominium Ownership Management Act came into force many important questions have been contentiously asked by owners.     1. What is the difference between General Meeting, Annual General Meeting, General Meeting of Owners, General Assembly, General Assembly of Owners?   There is no difference. All of these are synonyms […]

Making A Will In Bulgaria, Probate And Inheritance Law

According to Bulgarian Inheritance Act each person who has rounded 18 years and is not under full interdict due to dementia as is capable to act reasonably can dispose with his property for after his death with a will.   One of the few restrictions is that the testator can dispose through the will with […]

Legal Aspects Of Property Resales In Bulgaria

If you are an owner of a real estate property in Bulgaria and you are thinking of reselling it, there are a couple of questions you should consider prior to advertising it for sale:     1. Who are the owners of the property as per Bulgarian Regulations? Whose name is on the title deed? […]

Major Advantages Of Setting Up A Company In Bulgaria

Any foreigner can register a company in Bulgaria on equal terms with Bulgarian citizens. Moreover, there are no differences in the regime and taxation is the same as that of a company owned by Bulgarian citizens. Since Bulgaria joined the EU in 2007 the country introduced a flat 10% corporate tax rate which is currently […]

Re-Registration Of Bulgarian Companies by 2010

Obligations of company owners and managers According to Section 4 of the Trade Register Act all companies and the branches of foreign companies entered in the Trade Register at Bulgarian regional courts before 1st January 2008 are obliged to re-register in three years term from 1st January 2008. It is important to point out that […]

Management Of The Condominium Act (In Force As Of May 01, 2009)

Main points in the new Act: The act provides all general obligations of each owner in the Condominium The act determines 2 possible forms of management of the Condominium: General Assembly of Owners (GAO) Association of Owners (AO) Requirements for convening of the GAO (also known as General Meeting of Owners) The GAO should be […]

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