No more bearer shares for the Bulgarian companies

The shares of the Bulgarian joint-stock companies and limited partnerships with shares should be only registered, i.e. issued to a specific natural or legal entity, but no longer to bearer shares as of October 23, 2018. The change is introduced in relation to the European Parliament and Council Directive on the prevention of the use

2017 International Advisory Experts (IAE) Awards

Petya Noycheva & Partners has won top honours in three categories at the 2017 International Advisory Experts (IAE) Awards: Commercial Law, Contract Law and Intellectual Property.   The  IAE annual awards celebrate extraordinary law firms that have enjoyed sustained peer-recognised success and growth over the past calendar year. Nominees are researched by both the IAE research

The obligation to announce an annual financial statement in the Commercial Register for companies that had not been active was waived

Amendments to the tax legislation entered in force from the beginning of 2018 which waived the obligation of the companies to announce an annual financial statement in the Commercial Register in case the company have not been active during the previous year. Instead of announcing an annual financial statement, the managers of these companies should

Changes in Foundations and Associations

The amendments to the Act on the Commercial Register and the Non-profit Legal Entities Register have entered into force since the beginning of 2018. The major change concerning the involved parties and managing associations and/or foundations is the transfer of the register of non-profit legal entities, such as associations and foundations, from the regional courts

Amendments to the Commercial Act Effective since 1 January 2017

Some changes in the Commercial Act have come into force since the beginning of 2017 concerning each Limited Liability Company registered in Bulgaria. Most of these changes are related to making the following decisions at the General Meeting of the companies incorporated as a Limited Liability Company and a Single-Member Limited Liability Company. Admission and