Info Center | Deyan Sotirov | Corporate Lawyer

Clients and visitors being well informed is of primary importance to me (Work Principles). Driven by such understanding I have developed and I am constantly updating this section of the website – called “Info Center” as its primary goal suggests.

My goal is to turn the website into a highly useful source of information and the Info Center is the online tool to be used for achieving such objective. In this section I will publish useful materials and legal news (Procedures, News), as well as individual analyses and opinions on debatable issues from the theory and practice in the field of corporate and company law (Blog).

For ensuring maximum useful effect I have provided online functionality that allows the sending and publication of questions and comments to each of the articles – for online discussion and clarification of the respective topics.

You may find below a web form that allows browsing the articles published in the Info Center by their category. It is a convenient way for visitors to find their topic of interest and to ask a question or send a comment by using the web form at the end of the respective page.

For finding an article (topic) of interest you may also use the search form (in the upper right corner of the website) or visit the Search page and use the respective keywords as per your preference.

All Articles:

The legal framework for accelerated and facilitated liquidation of companies is now a fact

15.10.2024 | 0 comments | 120 views | Categories: News Dissolution of Companies

Law on amendment and supplement of the Commerce Act¹ was promulgated in issue 82 of the State Gazette, dated September 27, 2024. With part of the amendments a new legal framework for accelerated and facilitated liquidation of companies was introduced - its main element being the provision of the new Article 274a “Quick Liquidation Procedure”, systematically included in Chapter Seventeen of the law. The further exposition of this article will refer namely to the new possibility for a faster and easier closing down of a company with focus on the particular ways of achieving the… Read the article

Start-ups now with a new option: the variable capital company

24.10.2023 | 0 comments | 1320 views | Categories: News Registration of Companies

Law on amendment and supplement of the Commerce Act¹ was promulgated in issue 66 of the State Gazette, dated August 1, 2023. It introduced an entirely new for the Bulgarian commercial law company form: the variable capital company (VCC). The further exposition of this article will refer namely to the variable capital company - it is not intended to be exhaustive but rather to highlight some of the more interesting moments characterizing the new company. The introduction of the new legal form is aimed at meeting the needs of the innovative and growth-oriented… Read the article

Registration of a trade representation office with the BCCI

08.09.2020 | 0 comments | 1998 views | Categories: Procedures Registration of Companies

Art. 24 of the Investment Promotion Act allows for the possibility that foreign persons entitled under their national legislation to carry on business activity may establish a trade representation office in Bulgaria. The registration of such trade representation office is done in the Unified Trade Register of the Bulgarian Chamber of Commerce and Industry. General Information The trade representation office has mainly subsidiary functions – it is used for popularizing the activity of the respective foreign person and establishing and creating… Read the article

Opening of a branch of a company

15.10.2019 | 0 comments | 1676 views | Categories: Procedures Filings with the Commercial Register

According to the Commerce Act every company may open a branch outside the residential area where its seat is located. The opening of a branch is carried out through its registration in the Commercial Register. Most often, companies take action to register a branch not so much for reasons of a legal nature, but rather for organizational and economic reasons – following from the specific features of the branch as a legal form for carrying out business activity. Not only companies may open their branches. Other merchants and legal entities are also entitled to do so – e.g… Read the article

The possibility of issuing bearer stocks will no longer be available

21.01.2019 | 0 comments | 520 views | Categories: News Registration of Companies

On October 23, 2018, the Law on amendment of the Commerce Act¹ (LACA) was promulgated in issue 88 of the State Gazette. The law transposes the requirements of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing² – more particularly those of Article 10, paragraph 2 requiring Member States to take measures to prevent misuse of bearer stocks (shares). Bulgaria’s legislative decision, as implemented through the amendment of the… Read the article

New law puts companies under the obligation to declare their beneficial owners

08.05.2018 | 0 comments | 639 views | Categories: News Filings with the Commercial Register

The newly passed Measures Against Money Laundering Act¹ was promulgated in issue 27 of the State Gazette, dated March 27, 2018. The new law transposes the requirements of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing², its main goal being the achievement of greater efficiency in preventing the use of the financial system for money laundering purposes – through providing for various measures, such as customer due diligence… Read the article