Statutory interest is due when the debtor is in default. Bulgarian law determines when the debtor has fallen into default. It is different for the various types of commitments. Of course and in Bulgaria on overdue payments may be charged interest rate. How can we determine these rates? Is there a formula?

Bulgarian Competition Law is designed to protect and foster competition and free enterprise in economic activity. Over the years the law was repeatedly changed by the legislature to meet the requirements of economic life.

Bulgarian legislation allows several company formations. The matter is under regulation of Bulgarian Commercial Act regarding incorporation, corporate transaction, liability, bankruptcy etc. Unregulated matter are redirected at general Bulgarian civil legislation.

International sale is when one of its elements it is connected with the legal order of another state or country. Uniform regulation of international sales is contained in the Vienna Convention (IC) of the United Nations on Contracts for the International Sale of Goods.

The trademark as an exclusive right shall be acquired by registration in the Bulgarian Patent Office. Rights to register belong to the first applicant. Matter regulating trademarks contained in Marks and the geographic names Act. This law provides the conditions and the order for registration of the marks and the geographic names, the rights ensuing from it and the protection of these rights.

Planning all corporate taxes: income taxes, VAT, withholding taxes, dividends taxes and considering the tax impact on your business, should play a significant role in every financial step your company in Bulgaria undertakes. Even if you consider that your business is not currently in need, you can seek for taxing information as at the moment Bulgarian system almost apply tax free levying of income for residents and non residents.

The location of Bulgaria makes it strategically advantageous for accessing the developing markets in Eastern Europe and Turkey. It is also a largely unspoilt rural country with enormous business tourism potential. It has a coastline along the Black Sea and lovely mountains making for potential investment opportunities.