Bulgaria is an increasingly attractive investment destination and the country’s ongoing development has lead to an influx of foreign investments. The country offers a wide range of advantages to investors, among which low incorporation costs and affordable workforce, two things that can be of great importance to those who wish to open a company. The low tax regime, the cost of living, the general company management policies as well as the fact that the country is a member of the European Union are all strong points for foreign investors who wish to start a business in Bulgaria.
Our company, Sofia Offices, has a legal department that provides complete services and our lawyer in Bulgaria, Emil Iliev, can assist clients in all main areas of Bulgarian law, with a strong focus on investment and corporate law.
Our team can help investors open a trade company and they also help investors prepare their business project and negotiate with their new Bulgarian partners. We also offer services to already established investors, when they are in need of company reorganizations or mergers as well as the dissolution of an existing company. Moreover, we can assist all investors in efforts to comply with the local tax and administrative requirements.
Our legal department also includes a branch specialized in real estate investments in Bulgaria. We can help investors with complete services related to concluding sale/purchase agreements, property valuation, preparing the documents for real estate deals and many others. By working with our Bulgarian law firm you will always have access to personalized services based on your needs and requirements. Any questions you have will be answered as soon as possible by our Bulgarian lawyers.
Our lawyer in Bulgaria is an experienced professional and Sofia Offices has beenon market for many years. The list below presents some of the services our lawyers in Bulgaria have successfully offered to our clients throughout the years:
representation in litigation cases: our attorneys have extensive court experience and can help represent you in business or commercial litigation; what’s more, we can also offer legal representation and assistance in family law matters such as divorce and child custody.
consultancy in business-related matters: our team of lawyers can advise you on all matters related to doing business in Bulgaria, from the applicable laws for employment or competition to the treaties signed by the country with other jurisdictions.
company registration services: we provide complete company registration services, suited to local and foreign investors, especially those who cannot travel to the country to handle all of the procedures needed to start a business.
tax registration and tax planning solutions: a company in Bulgaria needs to be registered for tax purposes; we can help you handle this step and also advise you on the suitable ways in which you can legally reduce payable taxes by making the most out of the tax incentives or reductions.
debt collection: if you are having difficulties collecting debt from a creditor in Bulgaria, you can reach out to our debt collection specialists.
employment matters: we advise on all matters related to employment, both in the case of Bulgarian nationals and foreign employees.
Whether you need assistance in opening a company in Bulgaria or representation in other legal matters our attorneys will provide you with the suitable solution. You can count on our Bulgarian attorneys to always be there for you.
Legal representation in litigation cases
In some situations, the case and the special conditions in which the parties find themselves will make it mandatory to take the case to court. Our attorneys in Bulgaria will then offer you legal advice on how to handle a litigation case and will also represent you if it gets to that point. Our lawyers are able to help you find the suitable legal solutions. Alternative dispute resolution methods in Bulgaria include arbitration, one of the most employed methods of resolving business litigation. Our lawyers have the relevant experience in this field and can help you if this is the chosen method to solve an on-going dispute. We offer assistance both for companies and for individuals in Bulgaria. You can always reach out to us if you have any questions regarding the applicable legal proceedings in your case.
There are several main stages for civil proceedings in Bulgaria:
-the submission of the claim before the competent court;
-the service of the statement of claim to the respondent;
-an examination of the statement claim performed by the court;
-establishing all preliminary issues before the case is brought to trial;
-finally, the court hears the case in the presence of the parties or other designated persons.
There is no specific time-frame for a litigation procedure in Bulgaria. Various issues may influence the amount of time to settle a legal dispute. A litigation process in Bulgaria may take years, especially if there are appeals on the initial decision.
Another legal option to settle legal disputes is arbitration. This method is used for dispute resolution and arbitration in Bulgaria has the same effect as a court judgment. One advantage is that arbitration process is generally much shorter, compared to other civil proceedings in Bulgaria. Arbitration in Bulgaria is governed by the International Commercial Arbitration Act. Our lawyer in Bulgaria can offer you more information about arbitration and other methods of dispute resolution in Bulgaria.
Opening a company in Bulgaria, helped by our lawyer in Bulgaria
Opening a company in Bulgaria is very simple once you have requested the services of our law firm. The first step will be for our lawyers in Bulgaria to familiarize you with the requirements of the Commercial Law related to company registration. Once you have fully understood what these requirements are you can choose the best solution according to your needs. Our Bulgarian lawyers will then handle the registration procedure by drafting the company’s Memorandum and Articles of Association and submitting them with the Bulgarian Companies Register. The last step will be tax registration.
By choosing to work with our lawyers in Bulgaria for opening a company in this country, the procedure becomes simple. You need to have all the appropriate documents properly filled in and deposited at the right authorities and the procedure doesn’t take longer than eighteen days. Find out more on this subject here. For qualified legal consultancy in other European countries, like Germany for instance, please contact our partner German lawyers. You can always rely on their services.
Contract law attorneys in Bulgaria
When doing business in the country, investors may find that they need a comprehensive understanding of the Contract Law, and perhaps specialized assistance for negotiation in commercial agreements. We can help with legal counseling for drafting contract as well as terminating various types of agreements.
Company liquidation handled by our lawyer in Bulgaria
Investors can also rely on our services in case the company needs to terminate its business activities in the country. We can assist with liquidation and the general winding up procedure both for locally incorporated companies, or resident companies and for branches of foreign corporations that no longer find it profitable to work on the Bulgarian market.
The liquidation process is one that requires a certain amount of diligence because of the legal implications that arise with satisfying the debts of the creditors.
If you need legal services in other countries, we can recommend our local partners, such as lawyers from Poland.
Debt collection in Bulgaria
When companies or entrepreneurs and investors in Bulgaria find it difficult to collect due payments, that can request specialized services. Our team can help you collect outstanding debts and avoid, when possible, the unnecessary legal actions. Through negotiation and a set of pre-court legal procedures, our lawyers will try to recover due debts and, when needed, will initiate the legal proceedings for a court recovery.
Employment consultancy in Bulgaria
Hiring employees in Bulgaria is subject to a set of rules and investors can use our legal counseling services when they have questions about the employment obligations that arise or if they are faces with employment disputes. Our team can help draft the employment contracts, can help you hire foreign employees and can assist with all legal matters related to human resources including dismissals.
Consultancy related to taxation in Bulgaria
Once the company is registered you will need to understand the taxes you have to pay. Our Bulgarian lawyers will take you through the most important aspects of the Bulgarian Tax Code in order for you to understand how to maximize your incomes by minimizing the taxes you must pay. Bulgaria provides many tax incentives you will want to know about. You can simply ask our lawyers in Bulgaria what those are and how you can benefit from them. They will help you find the best solution. Our Bulgarian attorneys will also offer you a full picture of the country’s double taxation agreements in order to help you understand what your rights are when repatriating profits.
We invite you to watch a video about our services:
Legal assistance in civil cases
Our lawyers in Bulgaria are also able to represent you in cases such as divorce, child and spouse maintenance. Find out from our Bulgarian attorneys what your rights are and how to best handle a divorce case. You can rely on our Bulgarian law firm’s services and advice in order to go through court proceedings. You can also ask our lawyers for advice in cases that involve the division of assets and child custody. If you have questions or need legal support you can contact our law firm in Bulgaria for help.
Our lawyers in Bulgaria are committed to offering high-quality services to local and foreign investors alike. We work with small, medium and large corporations and are highly specializes in business and corporate law. We maintain a professional approach to each case and pay attention to the client’s economic and legal needs. Our lawyers based in Sofia offer services both in the country’s capital city and in any of the other major Bulgarian cities.
What are the main courts in Bulgaria?
In Bulgaria, first instance courts are regional and district ones. Regional courts are have the lowest level in the Bulgarian judicial hierarchy, are composed of judges and have a chairperson. District courts can act as first instance courts or as second instance courts for appeals against the decisions of the regional courts, if necessary. In district courts, cases are examined with the help of three judges, presided by the senior judge.
The courts of appeal are second instance courts and deal with appeals against decisions made by district courts within their territorial jurisdictions. The Supreme Court of Cassation is the last instance court in Bulgaria and the supreme judicial instance for criminal and civil cases. This court is located in Sofia and it covers the entire country under its jurisdiction.
Our team of attorneys in Bulgaria reminds investors that there are 113 district courts and 28 provincial courts in the country. Following an initial evaluation, we can direct investors towards the court with which they should submit their claim, according to the region in which the company is based.
Lawyers Bulgaria is a part of Bridgewest company, a European Company Formation agent with extensive experience in company formation issues in selected jurisdictions around the world. We specialize in law, accountancy and company formation. For legal services in other countries, we recommend other reliable experts from all around the world, such as specialists in company formation in Hong Kong or Switzerland.
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I appreciate the great communication and identification of client needs, which are very important for present-day business. The legal services offered by the attorneys from Lawyers-Bulgaria.com perfectly meet these requirements.
Francesco Dagnino, Lawyer and Founding Partner of LEXIA Avvocati