Registration of a trade representation office with the BCCI
08.09.2020 | 0 comments | 1292 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.
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 | 1110 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
Registration for carrying out employment mediation activity
17.02.2018 | 0 comments | 892 views | Categories: Procedures Licenses and Registrations
The employment mediation services can be organized and provided by persons who are eligible to provide such services according to the Bulgarian legislation. Becoming eligible requires registration for carrying out employment mediation activity with the Employment Agency at the Ministry of Labour and Social Policy. Registered mediators are provided with certificate of registration which is subject to entry in a register.
Employment mediation activity includes provision, in aggregate or separately, of mediation services for… Read the article
Transfer of stocks
18.08.2016 | 0 comments | 2097 views | Categories: Procedures Transfer of Companies
Stocks as a concept may be viewed in different aspects. They are part of the fixed capital and their total nominal value equals the one of the capital. They are also title of participation in a Joint-Stock Company – as expressing the membership rights. The Commerce Act defines stocks as securities certifying that their holders participate in the capital with the face value indicated thereon. Stocks may be subject to transfer.
The joint-stock company can issue various types of stocks. Grouping of stocks is done on the basis of different classification criteria. The… Read the article
Transformation of a company by change of the legal form
25.03.2015 | 2 comments | 2369 views | Categories: Procedures Transformation of Companies
Transformation of a company by change of the legal form is a form of transformation. A company participating in such transformation changes its legal form, thus converting into a company of another type – very often General Partnerships transform into Limited Liability Companies1 or LLCs transform into Joint-Stock Companies and vice versa.
The newly-established company becomes legal successor of the transforming company which is terminated without liquidation which is otherwise needed upon dissolution of an LLC or other company. The newly-established company… Read the article
Transformation of companies by take-over (merger through absorption)
17.02.2014 | 2 comments | 2868 views | Categories: Procedures Transformation of Companies
Take-over (also referred to as merger through absorption) is a form of transformation. Companies participating in such transformation may be of different types – most often Limited Liability Companies and Joint-Stock Companies.
Upon take-over the entire property of one or more companies (transforming companies) is transferred over to one existing company (receiving company) which then becomes their legal successor. The transforming companies are terminated without liquidation which is otherwise needed upon dissolution of an LLC… Read the article