Corporate & Commercial matters

If you are foreign physical individual and you need to register in your name a local corporate body (a Bulgarian company), then we may offer to you to prepare and perform the registration on your behalf. Note that there are various types of local corporate bodies, and a professional advice may find the right type of company to protect your (and your partners’) investment best.
- When registering a local corporate body, the Establishing Memorandum should be prepared by a law practitioner, following your requirements in order to fit your interests best in relation to the activities of the company, the term of the existence of the company, the rights and obligations of the shareholders (if more than one) etc., Also the incorporation has to be performed properly and quickly, especially when needed for purchasing a concrete Bulgarian real estate; and this is what we offer.
- If you already own a local Bulgarian company, then please note that owning and managing the affairs of a local corporate ody is not a simple job, even when it is just a non-working company (in most cases registered to buy an immovable property in Bulgaria). The properties you buy in the name of the company represent assets of the company, respectively their price has to be detailed in the company accountancy (especially the zero annual tax returns). Respectively the properties you sell on behalf of the company bring profit and Capital Gains obligations to your company. On other hand, even if it is an empty local company, or a non-working local company, annual accountancy has to be preformed otherwise there are fines charged, for which fines the manager/director of the company is obliged. This is why it is strongly advisable to consult yourself about the rights and obligations of managers/directors of local companies, before you appoint yourself to be one.
- Change in the circumstances of the local company – very often it is required, especially in cases where the whole company is sold altogether with the property, or just for changing your local representatives (i.e. the official management address of the company), or broke up partners, in case of decease of a shareholder, etc. Proper performance of amendments in the company status is advisable to be performed by a qualified Bulgarian lawyer who will handle all the procedure on your behalf. We can perform any change of the circumstances of your company.
- Closing (liquidation) of a local corporate body – even if it is related to non-working, or an empty company without any assets, this is not a simple or a short-term procedure, which requires lots of documents and activities to be done in various institutions. We can perform the liquidation of your local company on your behalf, without involving you in the long process, where at the end we will present to you the Certificate for liquidated company.
This is why a professional handling of your company matters is always recommendable. We may help you and to take care of the documentation related to your company; to keep it in our records and to keep the company in proper legal standing, resp. to close it.