25.03.2008 New Trade Register and Registrations of Companies in Bulgaria: all existing companies must be re-registered
The new trade register is hosted by the Registration Agency and is planned as a unified data base of all companies in Bulgaria and their details, which will be publicly accessible and centralized. This is a needed and helpful change in the administration and the results will soon be seen.
So, BulgarianProperties’ advice is that all existing companies be registered in the new online register as soon as possible. Our lawyers can help with this service – from answering questions to preparation and submission of the necessary documents – you can contact them for advice and to organize the process.
The needed documents are:
• Articles of association of the company (this can also be obtained from the Court);
• Specific Power of Attorney given to a lawyer to represent the company for its registration in the online register;
• Notarized applications for registration signed by the manager of the company in front of a Bulgarian Notary Public or at a Bulgarian Embassy abroad.
We hope this information is helpful for all of you who have companies in Bulgaria. You are advised to plan your companies’ registration in the new register and also contact a lawyer to organize this when you are coming to Bulgaria so that you will be able to sign all the needed documents while you are here.
More useful information is available here
We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
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The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
High activity during the first 3 months of the year and acceleration of the price growth to about 4% on an annual basis. This is how the real estate market in the Bulgarian capital of Sofia developed until mid-March, when the state of emergency was introduced and many economic activities where put on hold.
Average Prices and Annual Change
In the first quarter of 2020...
BRITS could return to Bulgaria's Sunny Beach as soon as July as the country reduces its lockdown measures.
To encourage tourists, beaches will also offer free loungers, sun beds and tables when they open again for business.
Bulgaria has managed to keep coronavirus cases relatively low - the country has reported just 1,704 infections, and 50 deaths.