Rental contract in Bulgaria Feb11

Rental contract in Bulgaria

Under the rental contract in Bulgaria the lessor (or the landlord) provides to the lessee (or the tenant) the right to use the property for a specified term, and the lessee - to pay him the agreed rental price. According to the Bulgarian law, even an oral rental agreement is valid. It is, however, strongly recommend...

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Trade secret protection in Bulgaria Feb21

Trade secret protection in Bulgaria

A trade secret protection across the EU is set up by the Directive (EU) 2016/943 on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure. The new Bulgarian Trade Secret Protection Act transposes the requirements of the EU Trade Secret Directive and supp...

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Residence of UK citizens and their family members in Bulgaria after Brexit Mar05

Residence of UK citizens and their family members in Bulgaria after Brexit

The Withdrawal Agreement envisages a transition period (29.03.2019 – 31.12.2020) after Brexit during which the UK citizens and their family members will be able to use their passports up to their date of validity for entry and exit from the Republic of Bulgaria. As of January 1st 2021, as well as in the event of a n...

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Submission of a declaration of lack of activity to the commercial register and the register of non-profit legal entities Mar10

Submission of a declaration of lack of activity to the commercial register and the register of non-profit legal entities

Companies that did not carry out business activities in 2019 must file a declaration of lack of activity in the Commercial Register not later than 31 March 2020. Sole proprietors who are not subject to statutory independent financial audit, as well as sole proprietors who did not op...

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Brief guidance on new Bulgarian State of Emergency Measures Act Apr02

Brief guidance on new Bulgarian State of Emergency Measures Act

The new Bulgarian State of Emergency Measures Act regulates the measures and actions during the state of emergency declared by a Resolution of the due to COVID-19 pandemic. The Act applies until the lifting of the state of emergency. The Law contains provisions regarding extension and suspension of...

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How to obtain a visa for Bulgaria and ЕU Apr07

How to obtain a visa for Bulgaria and ЕU

When entering the Republic of Bulgaria or other EU member state foreign nationals need a visa for Bulgaria or the respective EU country. A non-EU citizen who crosses the border without visa can be convicted of a crime according to the Bulgarian Penal Code. There are three different statuses for staying in Bulgaria:...

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Issuance of Force Majeure Certificate in Bulgaria Apr17

Issuance of Force Majeure Certificate in Bulgaria

The Force Majeure Certificate is a useful evidence of the occurrence of the force majeure event. A force majeure is an unforeseen or unavoidable event of an extraordinary nature which has occurred after the conclusion of the contract between the parties. A ...

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Limits for cash payments in Bulgaria Apr24

Limits for cash payments in Bulgaria

In order to effectively counteract the shadow economy limits for cash payments have been established in Bulgaria. The limitation of cash transactions apply both to legal entities and consumers. According to the Bulgarian Limitation of Cash Payments Act, payments on the territory of the country are carried out by ba...

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Types of leaves for employees in Bulgaria Apr30

Types of leaves for employees in Bulgaria

The Bulgarian Labour Code provides different types of leaves for employees in non-profit and private sector. The most common types of leave from work in Bulgaria are as follows: Paid annual leave The amount of paid a...

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Issuance of Tax Residency Certificate in Bulgaria May06

Issuance of Tax Residency Certificate in Bulgaria

Individuals and companies may apply for a tax residency certificate in Bulgaria to claim tax relief abroad. The National Revenue Agency of the Republic of Bulgaria certifies that the person is a Bulgarian resident for tax purposes and is subject to tax on its/his/hers worldwide income in the Republic of Bulgaria. ...

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