The KGMP team received certificates for data protection officer
Att. Stefania Gicheva and Att. Pepa Marnikas from Kancheff, Gicheva, Marnikas & Partners Law Firm have completed a training course for (DPO).
During the training, were observed the legal and technical aspects of personal data protection, the rights and obligations of the data protection officer, the responsibilities of control...
Taxes in Bulgaria
Legal entities are obligated to pay different types of taxes in Bulgaria - corporate tax (income tax), VAT, tax on dividends and liquidation shares from participation in local legal entities, interest tax, etc. Here is a brief overview of tax regime in Bulgaria.
CORPORATE INCOME TAX (CORPORATE...
Property taxes and fees in Bulgaria
The Local Taxes and Fees Act (LTFA) regulates the regime for taxation with property taxes and fees in Bulgaria.
Here is a brief overview of the main property taxes and fees in Bulgaria.
REAL ESTATE TAX
With real estate tax are levied the located on the territory of the countr...
Currency and financial regulations in Bulgaria
Here is a brief overview of currency and financial regulations in Bulgaria.
Common financial information
The official currency of Bulgaria is the Lev (BGN). Bulgaria is a country that operates under a currency board. There is a fixed exchange rate for 1 Euro = 1.95583 L...
The operator of a website with a Facebook ‘Like’ button is a controller jointly with Facebook in respect of the collection and transmission to Facebook of the personal data of visitors to its website
In its judgment in (Fashion ID case), the Court of EU finds that the operator of a website that features a Facebook ‘Like’ button can be a controller jointly with Facebook.
When a visitor consults the such website, that visitor’s personal data are transmitted to Facebook. That transmission occurs ...
Salaries in Bulgaria
The amount of the salaries in Bulgaria is determined according to the duration of work or according to the results of work.
The is the basic salary plus any additional remuneration to it. This is the total amount of money that is charged per employee for certain period and is reported in the pay roll.
Social security in Bulgaria
There are minimum monthly insurance thresholds for the payment of health insurance and social security in Bulgaria.
Firstly, these thresholds are different for each business and profession. They serve as a basis for calculating the social security contribution.
Secondly, the social insurance contributions are d...
SEPA direct debit payments cannot be subject to a condition of residence in the national territory
In its judgment in , the Court of EU rules that Article 9(2) of Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro must be interpreted as precluding a contractual clause, which excludes payment by direct debit in euros under the ...
Types of companies in Bulgaria
Foreign investors (natural or juridical persons) may establish the same types of companies in Bulgaria as the locals. There is no legal restrictions for foreign investors from EU member states and non-EU countries. Any person may participate in more than one company.
The different companies in Bul...
Setting up a company in Bulgaria
Any foreign citizen can register a limited liability company in Bulgaria. There are no legal restrictions on whether the foreigner is a EU citizen or not.
A foreign citizen does not have to live or reside in Bulgaria.
. However, the presence of the company’s manager in Bulgaria in a one ...