Legal comments on the matter concerning the Preliminary contracts for sale-purchase and construction - one or two contracts implemented in one document?

Legal explanation of the process of closing up of a Bulgarian company under the Bulgarian Commercial law.

From 1st of July 2009 there is a new Notary Taxes Tariff which amends the amount of the notary fees related with the transfer of the Titles.

From 1 May 2009 a new law on the condominium ownership management is in force. This law regulates the public relations, related to the management of the common areas of the condominium ownership, as well as the rights and duties of the owners in the block of apartments.

In accordance with the new Commercial Register Act all Bulgarian companies registered before enforcement of the Commercial Register Act (01. 01.08) should be re-registered under the terms of the new Commercial Register Act.

The definition of foreign investment is contained in paragraph 1, article 6 of the Investment Promotion Act.

The most popular forms of foreign investment in Bulgaria are the acquiring of shares or interests of a commercial company and transactions related with acquiring of property.

Taxation of the foreign natural persons and legal entities in Bulgaria

NYD Law - We are a team of professionals with extensive experience in various areas of the civil law including Property, Commercial and Intellectual Property law. Our clients are individuals and companies from all over Europe and enjoy excellent professional service.

The mortgage is generally interest in land given to a creditor by the owners of a property as a guarantee for a loan.

Buying and owning a property in Bulgaria is associated with paying relevant taxes just like when buying a property in the UK or any other country.

A new Act of the Commercial Registry shall be in force from 01.01.2008. It concerns the procedure of registration of commercial companies at the territory of Bulgaria, which procedure shall be amended at whole. This fact could be interesting for the investors who would like to carry out business activity in Bulgaria through real estate transactions.