eyes on bulgaria a presentation by a-law international law firm nominated highest potential law firm...
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Eyes on Bulgaria A PRESENTATION BY
A-LAW INTERNATIONAL LAW FIRM
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
Patricia Leers Denitsa GeorgievaAttorney-at-law Legal counsel BulgariaManaging Partner Manager [email protected] [email protected]
21/04/23 © 2014 A-Law
A-LAW INTERNATIONAL The Worldwide Locals
21/04/23 © 2014 A-Law
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
A-LAW INTERNATIONAL
REGIONS OF SUPPORT
21/04/23 © 2014 A-Law
Fully covering the EU-member states and the BRIC (Brazil, Russia, India, China)
Fast expanding in the Civets countries (the high potentials of becoming the world's largest economies in the 21st century: Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa)
Presence in other high value countries (USA, Colombia, Chile, Peru, Argentina, Ukraine, CIS, Libanon, Arab Countries)
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010,2011, 2013
A-LAW INTERNATIONALAREAS OF SUPPORT
INVESTMENT TRADE AND DISTRIBUTION INSURANCE RECOVERIES REAL ESTATE LOGISTICS MIGRATION DISPUTE RESOLUTION
© 2014 A-Law
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
21/04/23
A-LAW INTERNATIONALTHE REPUBLIC OF BULGARIA
Inhabitants – 7.364.570 Surface area – 111.001,9 km² Borders
• North – Romania / Danube – 609 km• East – Black sea – 378 km• South – Turkey – 259 km, Greece – 493 km• West – Serbia – 341 km, FYR Macedonia – 165 km
Large cities• Sofia – 1.291.895• Plovdiv – 383.135• Varna – 364.609 (coast)• Burgas – 219.721 (coast)
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law21/04/23
A-LAW INTERNATIONAL
INVESTMENTS
Sectors
• Foreign Direct Investment : 1.181,6 mio EUR for 2014• Export EU : 13.000 mio EUR• Import EU : 15.000 mio EUR• Transport and infrastructure• Construction and real estate• Energy sector• Agriculture• IT and Accountancy• Services
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
LEGAL SYSTEM
Public authority • Legislative (Parliament) • Executive (Government)• Judiciary (Courts)
- Civil- Criminal- Administrative
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
COMMERCIAL COOPERATION
Contracts Recoveries and Summons European order for payment procedure
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law21/04/23
A-LAW INTERNATIONAL
TAXATION
Corporate tax : 10% Tax credits
• Reducing to 0% for production activities in the regions with high unemployment rate
• Farmers : 4% VAT : 20%, 7%, 0% Dividend : 5% Social Security : 17-23%
- max taxable amount : 1.300 EUR - minimum wage / average wage
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
ESTABLISHMENT OF A COMPANY
Legal forms • Private limited liability company : 1€ (BVBA = ООД)• Public limited company : 25.000€ (NV = АД)
Private act Shareholders : minimum one
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
ESTABLISHMENT OF A COMPANY
No financial plan Degree business management not required Manager / director : only individuals, not legal entities Accountant Company activities : required permits / licenses
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
AQUISITION OF A COMPANY
Private act Published in the Commercial Register Articles of Incorporation ( publication)
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013
© 2014 A-Law21/04/23
A-LAW INTERNATIONAL
POSTING OF WORKERS ABROAD
Legislation transposing Directive 96/71/ЕС (MOD 1/1/2010) A1 of Certificate of Coverage• Not all employees• Minimum 1 month employed• 25% of revenue from domestic activities
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law21/04/23
21/04/23 © 2014 A-Law
THANK YOU
A-Law International Law Firm works in partnership withFlanders Investment and Trade
Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013