Legatio Consult

✎ After establishing a Bulgarian commercial company, a unique number called EIK is generated in the Commercial Register. The Bulgarian business register / register of non-profit legal entities (TRRYULNTs) is administered by the Registry Agency attached to the Ministry of Justice. Registered there, are traders, branches of foreign traders, non-profit legal entities and branches of non-profit […]

HOW TO REGISTER A BRANCH What is a “branch”? A branch is a legal-organizational form for carrying out a business activity, in which a trader, by relatively separating a part of his activity, carries it out in a place/address, different from the one in which the company’s head quaters is located. Banks and insurance companies

What are shares? Understanding the meaning. When establishing a company, owners may choose to issue common stock or preferred shares to investors. Companies issue equity shares to investors in return for capital, which is used to grow and operate the firm. Almost all companies, from small partnerships, LLCs to multinational corporations, issue shares of some

☞ The contract for the purchase and sale of a real estate in the country is among the most frequently concluded contracts. ☞ That is why it is necessary to be fully aware of the pros and cons of entering into such a deal so as to avoid the possibility of being taken advantage of

Registration of a Bulgarian company by a foreign individual The necessary documents for the registration of a company by a foreign individual are identical to those that must be submitted by any Bulgarian citizen registering his own company. It is sufficient for the natural person to carry an identity card (or a passport for a

⬊One of the possible and very common changes in the circumstances of limited liability companies is related to the release of a person from his capacity as a manager and the election of a new one. Only an individual person can be a manager⬋ Change of manager of LLC Most often, the manager of a

The procedure for changing the registered office and address of a commercial company aims to update the company information in the Commercial register. In order to be made public, this change must be entered in the Commercial Register, by submitting the relevant application for a change in circumstances, within 7 days of its actual occurrence.

Transfer of shares in LLC: ➸ Transfer of all shares: The decision to sell shares is taken by the sole owner of the money capital. It is noted in writing in a protocol. After the preparation of the protocol, one can proceed to the conclusion of the actual contract for the purchase and sale of

What should you do to protect your interests? ➽ First step would be the research and establishment of the legal status of the real estate. A transaction can only be successful if it is concluded by the people who own the rights to the real estate and transfer them according to the law. If any

A wholesale trade medical devices permit on the territory of the Republic of Bulgaria is carried out on the basis of Art. 78a of the Medical Devices Act. The procedure is regulated in Art. 77 et seq. and Art. 78a of the Law on medical devices /LOMD/. It is issued by the Medicines Executive Agency.