Tax and Legal Services in Bulgaria

Yordanova, Rizova & Partners Law Office

3, Shipka Street, fl. 3
Sofia 1504
Bulgaria

 +359 2 9508360
 +359 2 9523826

www.yrlegal.com
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Law Firm Overview

Yordanova, Rizova & Partners was founded in 2004 as a partnership. The firm was established by its two name partners - Svetlana Yordanova and Milena Rizova shortly after they left their management positions at Deloitte Bulgaria to start an independent private practice. Since its establishment, the firm has steadily grown in size and successfully expanded its client portfolio.

At present, the firm has four partners, two associates and three junior associates, and relies on the support of highly qualified legal professionals engaged on a project basis. The firm maintains and develops two major lines of service: business law services and tax law services. Our business law services primarily cover corporate law, business transactions, mergers and acquisitions, employment and regulatory matters, with an emphasis on ongoing counsel. Our tax law services focus on corporate income taxation, value added tax, international tax aspects, international assignments, tax planning and structuring, tax disputes and litigation. Our strengths are the unique blend of legal and tax services that we offer, the understanding of our clients’ business and the practical and business driven advice that we provide.

We maintain an extensive network of professional contacts in the areas of accounting, financial and IT audit, corporate finance, company and assets valuation and human resources with whom we cooperate on complex projects and transactions that require a multidisciplinary approach and expertise. We serve major multinational corporations, respected international companies and reputable local business operating in various industry sectors such as mining and natural resources, energy, telecommunications, information technology, electronics, investment and finance, private equity, manufacture, pharmaceuticals, entertainment, education, utilities, agriculture, real estate.

Languages: Bulgarian, English, Russian

Practice Areas

Additional Practice Areas: Taxation Litigation; International Tax.

Practice Areas Description

At Yordanova, Rizova & Partners Law Office, we provide legal representation and services in the following areas of practice:

- Company Law
Advice on setting up companies and other forms of business ventures in Bulgaria, structuring and assessment of the available legal forms for doing business, drafting documentation for the initial registration of companies, branch offices and representative offices of foreign and local businesses in Bulgaria.

- Commercial Law
Legal advice on structuring and implementation of business transactions, financial facilities and secured transactions.

- Regulatory Law
Legal advice on regulatory requirements (mandatory licenses, permits, registrations, etc.) for carrying out specific business activities in Bulgaria and consumer protection matters.

- Labor Law
Drafting employment contracts and other labour documentation, ensuring compliance of employers’ labor practices with statutory and regulatory requirements.

- Competition Law
Advice on performing of promotions and, structuring of distributorship and agency schemes and consulting on issues related to prohibited agreements, assisting in clearance procedures before the Competition Protection Commission with respect to concentrations of economic activities.

- Mergers and Acquisitions, Joint Ventures
Legal advice on structuring joint ventures, mergers, acquisitions and other forms of transformations, due diligence reviews of companies targeted for acquisition and privatization, drafting share purchase agreements, business sale agreements, asset purchase agreements, warranty and representation instruments, escrow account agreements and other related contracts, assistance with clearance of mergers and acquisitions before the Bulgarian competition authorities, assistance with the implementation of joint venture, merger and acquisition projects.

- Securities Law
Assistance in performing of IPOs, admittance for trade on regulated securities markets, implementation, share capital increases and decreases, buy-back of shares and tender offers.

- Corporate Income Taxation
Recurring and/or project advice and opinion on all aspects of the Bulgarian corporate income taxation such as computation of the taxable profit, adjusting items, thin capitalization, capital allowances and basis of fixed assets for tax purposes.

- VAT
Full range of VAT advice and consultation, inbound investment advice, assistance in VAT registration, review of complex transactions from a VAT perspective, advice on VAT accruals, documentation and refunds, agreed-upon-procedures for VAT reviews, etc.

- International Tax Aspects
Consulting on permanent establishment issues with respect to manufacturing, sales, service, agency or other business activities, branch office taxation, taxation of investment income (dividends, interest, royalties, capital gains, etc.).

- International Assignments
We provide a full package tax advisory and compliance services with respect to international assignments of expatriate personnel and members of the management, including entrance interview and consultation, tax return preparation, tax equalization computation, assistance with tax payment documents, obtaining tax certificates, exit interview and consultation.

- Mergers and Acquisitions. Tax Due Diligence and Review
We provide tax structuring and planning of merger, acquisition and group restructuring transactions, including the necessary tax due diligence work, drafting and/or advice on the tax clauses of the transaction agreements.

- Tax Planning
We involve in developing and consulting tax planning and tax restructuring schemes intended at the optimization of the level of taxation, achieving tax deferral where available in law, optimizing loss deduction and tax credits, improving the tax cash flow situation.

- Tax Disputes and Litigation
We are mostly concentrated on preventing disputes with the tax authorities through appropriate advance planning and consultation, and timely discussions of vague issues with the tax authorities. Where a dispute has arisen which cannot be settled by means of discussion, we provide the clients with a complete support in the appeal process.

Lawyers

	Mr. Peter Boyukliev Lawyer Administrative Law, Banking Law, Business and Industry, Civil Rights, Debtor and Creditor		Ms. Milena Rizova Lawyer Business and Industry, Communication, Copyright, Education Law, Employment
	Mr. Dinko Yordanov Lawyer Litigation, Tax, Tax Planning		Ms. Svetlana Yordanova Lawyer Administrative Law, Litigation, Social Security, Tax