Key legal facts for the foreign investor in Bulgaria.

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Allen & Overy , London
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Open LibraryOL20374614M

FDI invest in Bulgaria is mainly from EU members, particularly Greece. Bulgaria managed to attract foreign investment worth EUR 6 B and EUR 9 B in year and respectively.

Forecast had predicted that Bulgaria will manage to attract EUR B of foreign investments by the end of.

Description Key legal facts for the foreign investor in Bulgaria. PDF

Investors contemplating a foreign investment in Bulgaria may be faced with some challenges, some common to any foreign investment, others peculiar to the country.

Regulatory and bureaucratic setbacks are possible. That is why it is important to have good local knowledge to set your business up for success in Bulgaria. Bulgaria's population is shrinking due to low birth rates and outward migration.

It is estimated that the current population will decline by almost one-third by the year Bulgaria's boundaries are the Black Sea (east) and the Danube (North). Coca-Cola Bulgaria holds the Guinness World Record for the biggest glass bottle mosaic. A selection of articles, books and online resources to help you explore the key issues for doing business in Bulgaria.

Key data. Ease of Doing Business in Bulgaria Summary of comprehensive annual data collated by the World Bank giving key indicators for business and economic conditions.

Foreign Direct Investment in Bulgaria increased by EUR Million in April of Foreign Direct Investment in Bulgaria averaged EUR Million from untilreaching an all time high of EUR Million in December of and a record low of EUR Million in September of This page provides - Bulgaria Foreign Direct Investment- actual values, historical data.

Doing business in Bulgariaby Vladimir Penkov and Svetlin Adrianov, Penkov, Markov & Partners, Attorneys at Law (Lex Mundi Member Firm)Related ContentA Q&A guide to doing business in Q&A gives an overview of key recent developments affecting doing business in Bulgaria as well as an introduction to the legal system; foreign investment, including restrictions, currency.

Investment in Bulgaria is one of a series of booklets published Encouragement of Foreign Investment. Appendix B: Double Taxation Treaties to which Bulgaria Bulgaria is strategically located along key land routes from Europe to the Middle East and Asia.

KEY2YOU ® (). Clients using a TDD/TTY device: Clients using a relay service: Find a Local Branch or ATM. Contact Us. this web portal is developed under project "promoting the advantages of investing in bulgaria" bg poc, with beneficiary investbulgaria agency, has been implemented with the financial support of the european union trough the european fund for regional development and national budget of the republic of bulgaria.

Investment in Bulgaria | 3 Preface Investment in Bulgaria is one of a series of booklets published by firms within the KPMG network to provide information to those considering investing or doing business internationally.

Every care has been taken to ensure that the information presented in this publication is correct and reflects the. Invest Bulgaria offers professional assistance to investors planning to establish or expand business operations in Bulgaria.

Foreign investment in those businesses must comprise less than 50% of share capital, unless specially permitted or otherwise exempt. Acquisition of Holdings A Thai private limited company may be wholly owned by foreign parties. However, for certain business activities reserved for Thai nationals, foreign participation is generally allowed up to.

Tourism is one of the fastest growing sector in the Bulgarian economy with excellent opportunities for foreign investment with high return on investment ratios.

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In privatization of almost 85 % of the assets in the tourist sector was completed. The number of foreign tourists grew, according to preliminary assessments, with more than 25%. Bulgaria is located in southeast Europe and borders Romania, Serbia, Macedonia, Greece, and Turkey.

The capital as well as the largest city in Bulgaria, Sofia, is home to over million inhabitants. General Regime for Foreign Investments in Bulgaria Specific Provisions Regarding Foreign Investments in Bulgaria --Economic Activity of Foreign Persons and Foreign Investments Protection Act.

Other Titles: Pravo na chuzhdestrannite investit︠s︡ii. Foreign investment in Bulgaria: Responsibility: by Nikolay Natov. So there is some trend going on with facts about countries and few of our Bulgarian members decided to give you 20 facts about Bulgaria. So if you are one of those that didn’t really have a chance to study about Bulgaria this fact list about this beautiful country might spark an interest to learn more about it.

Bulgaria further has picturesque villages, delicious food, and very hospitable people. Below are collected several amazing facts about this affordable travel destination - some are funny, some are interesting and others are truly amazing.

Enjoy them all and pack your bags. Bulgaria is the oldest country in Europe, established in AD. Contemporary Bulgarian is mainly a mix of Slavic and Proto-Bulgarian words with foreign words having penetrated the language through the years, including Greek, Latin, Turkish, Russian and English.

According to the Bulgarian Academy of Science’s Institute for Bulgarian Language, there are aroundwords in the language. The United States and Bulgaria have a treaty on avoidance of double taxation and a bilateral investment treaty. U.S. citizens traveling on a U.S. passport for business or tourism purposes can enter and stay in Bulgaria for up to 90 days in a 6-month period without requiring issuance of a visa.

Bulgaria’s Membership in International Organizations. Unknown and Fun Facts about Bulgaria. We bet that many of you will be surprised by the following facts: We are ancient Bulgaria is the oldest country in Europe that hasn’t changed its name since it was first established. This happened in AD.

foreign investor in Bulgaria is a U.S. company. The Bulgarian market is receptive to American goods and services. EU membership will continue to offer funding opportunities for infrastructure projects, provided Bulgarian government procedures are efficient and transparent.

Bulgaria is a member of the European Union. Upon its accession to the EU, the country adopted regulations and standards that conform to EU norms.

Details Key legal facts for the foreign investor in Bulgaria. PDF

U.S. companies conduct business across the major industry sectors. The United States and Bulgaria have a treaty on avoidance of double taxation and a bilateral investment treaty. Bulgaria - Bulgaria - People: Ethnically, the population is fairly homogeneous, with Bulgarians making up more than four-fifths of the total.

Slavic tribes who settled in the eastern part of the Balkan Peninsula in the 6th century bce assimilated to a large extent the local Thracian culture, which had roots in the 4th century bce, and formed a basic ethnic group.

This Guide to Law Online Bulgaria contains a selection of Bulgarian legal, juridical, and governmental sources accessible through the Internet. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics.

United Nations Conference on Trade and Development. Palais des Nations,Av. de la Paix, Geneva 10 Switzerland T: +41 22 F: +41 22 Bulgaria has the most favourable tax regime in Europe and a low cost of doing business across the board, but navigating the local corporate environment can be difficult without having local help on board.

Although Bulgaria isn’t part of the Eurozone, it is a member of the European Union and its currency (the Bulgarian lev) is pegged to the euro. Least, but not last, the acceptance of Bulgaria in the European Union in not only lead to some legal and administrative alleviation for the investors that came from the implementation of the EU’s legal achievements in the area, but foreign investor can also rely of the fact that REGULATION (EU) No / for declaring certain.

The value of global mergers and acquisitions deals reached trillion U.S. dollars in Inthe United States proved to be the largest. We present to you our top Interesting facts about Bulgaria 1. Here is an interesting fact about Bulgaria, that not many people know: the famous Facebook creator Mark Zuckerberg has a Bulgarian origin and he is named after his Bulgarian grandfather - Marko.

His grandfather emigrated from Bulgaria. Bulgaria - Bulgaria - Economy: The rapid industrialization of Bulgaria since World War II and the economic transition it underwent with the demise of the communist regime had a profound effect on Bulgarian society. Liberalization of price controls in the early s led to a marked rise in prices.

As a result, inflation rose and strikes became more frequent. U.S. Government foreign assistance to Bulgaria totaled over $ million through The American University in Bulgaria was founded inwith assistance from the United States Government, to provide a liberal arts education to students from Bulgaria and other Balkan countries.The highly qualified lawyers and fiscal consultants at Ruskov & colleagues assist and guide both legally and economically foreign investors and develop investment plans for German companies and individuals who want to become economically active in Bulgaria.

Investment projects could. How is the Real Estate Market in Bulgaria perfoming? Demand is growing and supply is limited, which represents a good opportunity for foreign investors. Inthe price of housing has grown %.

In Sofia, prices have increased by more than 9%, and its current sq. m average price is EUR 1, Can foreigners buy real estate in Bulgaria?