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Procedures and contracts

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Handwritten or notarial will in Bulgaria?

 

 

 

A will is a unilateral transaction without consideration - a unilateral expression of a person's will aimed at producing legal consequences after the death of the heir.

 

The heir receives only what was in the testator's patrimony - part of it(for example, only a specific property) or all the movable and immovable property, bank deposits and other assets constituting the estate.

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Procedure for the categorization of hotels, restaurants and other places of accommodation in Bulgaria.


I.GENERAL INFORMATION



1. Name of the administrative service and unique identifier according to the Register of Services: Categorisation of accommodation with unique identifier 2760



2. Legal basis for the provision of the administrative service/issuance of the individual administrative act. TOURISM ACT, ART. 129



3. Body providing the administrative service/issuing the individual administrative act: Minister of Tourism or an official authorised by him/her.

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Rental contract in Bulgaria. Real estate attorney in Plovdiv.

 



Legal framework - Articles 228-239 of the Bulgarian Law on Obligations and Contracts.

Definition: according to the legal definition, the rental contract obliges the landlord to provide the tenant with an item for temporary use and the tenant to pay the landlord a certain price.

Characteristics:

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How to set up a Joint stock company in Bulgaria?

 

 A Joint stock company is a company in which the capital is divided into shares. The company is liable before its creditors with its assets. The trade name of the joint stock company should be unique for Bulgaria and should include the extension “акционерно дружество” (joint-stock company) or the abbreviation “AD”. A joint stock company may be found by one or more natural or legal persons. The minimum registered capital of a joint-stock company is BGN 50,000 which is approximately € 25,500. Аt least 25 percent of the share capital should be subscribed in order to initiate a registration procedure. 

Since 23rd of October 2018, Joint Stock companies can no longer issue bearer shares. All bearer shares have to be replaced with registered shares – ordinary or preferred by 23rd of July 2019.

A joint stock company may have one- or two-tier managing system. If it has two-tier managing system, a supervisory body is appointed along with a managing board while in companies with one-tier system only a board of directors is appointed.

Advantages using our services to establish Joint Stock company in Bulgaria

No fee for a registered office address! We will provide a top location registered office address for your Bulgarian Joint Stock company free of charge for as long as you need.

No maintenance, annual or hidden fees.

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