BojovLaw

Litigation and Arbitration

Our firm offers litigation and arbitration services including company and commercial disputes,   debt collection procedures, labor disputes, tax disputes and administrative procedures.   We represent our clients in all court instances...

Litigation and Arbitration

Intellectual Property

Our firm provides a broad range of legal services related to the protection of trademarks, patents,   appellations of origin and industrial designs including - Registration, maintenance and renewal of trademarks and patents ...

Intellectual Property

Employment

Law Office Ivan Bojov advises on all legal issues arising out of the employment or engagement of employees, managers, directors or freelancers.

Employment

Family & Heritage Law

Our firm handles all aspects of wills, tax and estate planning including advice on the heritage regulations, advice on wills and preparation of wills...

Family & Heritage Law

Tax Law & Accounting Services

Our firm offers taxation consultancy, representation before the tax authorities and administrative and court appeals against illegal acts of the tax administration...

Tax Law & Accounting Services

Work & Residence Permits

Our firm offers advice on the labor possibilities for foreign citizens on the territory of the Republic of Bulgaria and preparation of the list of documents necessary for the application for a work permit...

Work & Residence Permits

Company & Commercial

The law firm of Ivan Bojov is recognized for its ability to understand the   commercial objectives of its clients and to protect their   business interests in the most effective way...

Company & Commercial

Real estate & Condominium

Based on your intentions for investments in Real estates in Bulgaria we could offer you a full set of legal services which according to our professional opinion are required and enough to protect your interests in best possible way through a purchase of apartment, house, or any other type of properties...

Real estate & Condominium
News

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Terms of Payment of Compensations to Employers in a State of Emergency

Pursuant to Regulation No.55 of 30 March 2020 of the Council of Ministers for terms and procedure for payment of compensations to employers, compensations can be paid for the period of state of emergency, but for not more than 3 months, to:

An employer which with its order has ceased the work of business, part ceasing of the business or of separate employees.

An employer which with its order has established part-time work where the compensation is paid pro-rata to the off-hours, but not more than 4 hours a day.

The compensations are 60% of each employee’s social security income for January 2020 with the condition that the employee will continue working for such period, equal to the period of payment the compensations. 

Terms of application:

1. The employers should be local natural or legal persons, as well as foreign legal entities with business in the Republic of Bulgaria.

2. The employers should perform the following economic activities: passenger land and air transport; hotel industry; restaurants and fast food establishments; drinking establishments; films screening; travel agency and operator activity; organization of congresses and trade fairs; pre-school education (private sector); artistic and creative activity; other cultural activities; sports and other activities related to entertainment and recreation; maintaining good physical condition.

3. Lack of duties for taxes and social security benefits.

4. Employers have not been declared bankrupt or are not in insolvency or liquidation proceedings.

5. The employees’ employment contracts should not be terminated on the grounds of article 328, par.1, it.2,3 and 4 of the Labour Code during the period of payment the compensations.

Employers from all sectors of the Classification of Economic Activities (NACE Rev.2) (КИД–2008), excluding sectors A,K,O, P, Q, T and U and the above mentioned economic activities, are eligible to compensations if meet the above mentioned criteria and have declared reduction of the sales incomes:

- for the persons, registered before 1 March 2019 – not less than 20% in the month, preceding the month of submission the application for payment of compensations, compared to the same month of the previous calendar year;

- for the persons, registered after 1 March 2019 – not less than 20% in the month, preceding the month of submission the application for payment of compensations, compared to the average incomes for January and February 2020.

Terms of Payment of Compensations to Employers in a State of Emergency

Measures during a State of Emergency

Act on Measures and Actions during a State of Emergency, declared in Republic of Bulgaria with a decision of the National Assembly on 13 March 2020, has been promulgated today (24 March 2020) in the State Gazette.

Some tax deadlines have been postponed under this act, as: 

Submission of the 2019 annual tax declarations and payment of the corporate tax under them by 30 June 2020. 

The deadline for submission of the 2019 annual tax declarations by natural persons (self-employed) who are not sole traders, including the payment of taxes, remains unchanged - by 30 April 2020.

Declarations for companies with no activity in 2019 under article 38, paragraph 9, item 2 of the Law On Accounting, should be submitted in the Commercial register by 30 June 2020. 

The companies' 2019 financial statements, should be submitted in the Commercial register by 30 September 2020.  

Other measures: 

The validity of the documents for long-term and permanent residence of EU citizens, including citizens of the United Kingdom, which expire in the period March – October 2020, will be extended for 6 months. For the period of extension, the documents are considered valid on the territory of Bulgaria and certify the right of residence. At the request of the person, a new residence document may be issued before the expiry of the extended 6-month period.

Measures during a State of Emergency

INFORMATION ABOUT BREXIT

To the Bulgarian Ministry Of Interior's link:

https://www.mvr.bg/en/about-the-ministry/brexit/in...

INFORMATION ABOUT BREXIT

New Declarations For No Activity Of Companies

A company, established in Bulgaria and with no activity during the previous financial year, should submit in the Commercial Register by 31 March of the following year, a declaration under article 38, paragraph 9, item 2 of the Law On Accounting in a form, approved by the Bulgarian Minister of Finance: 

https://www.minfin.bg/upload/43214/Prilojenie%20za...

There is no state fee for submission. 

For further information and assistance with the submission of your declaration, please contact us on the following email address:

mail@bojovlaw.com

New Declarations For No Activity Of Companies

Establish your company in Bulgaria

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Establish your company in Bulgaria

Re-registration of a non-governmental organisation (NGO)

From 1 January 2018, a register of non-profit organisations, part of the Registry Agency at the Ministry of Justice, will be founded. This change lead to all non-profit organisations (non-governmental organisations), registered in the register to respective district courts, to apply for re-registration by 31 December 2020.

There is no state fee for re-registration.

Upon the re-registration, the NGOs will be registered with their current names and disconnected from the BULSTAT Register as the BULSTAT code becomes identification code of NGO.

For further information and assistance with the re-registration of your NGO, please contact us on the following email address:

mail@bojovlaw.com

Re-registration of a non-governmental organisation (NGO)

Have you paid your property taxes and waste fees?

When foreign citizens buy a real estate in Bulgaria they should be registered in Bulstat Register to the Registry Agency as physical persons.

When the Bulstat Register places the subject in the register, it issues an identification code, which is called a Bulstat Code. Registered persons are obliged to state this Code on every official document (for example: on a tax declaration for registration of purchased real estate) which needs to be presented to notaries, local municipalities and authorities. 

There are 7 days term for this registration from the date of signing the notary deed of purchase of the real estate. If the term is missed, then fines will be imposed.

The acquired real estate must be registered at the relevant local tax office within 2 months term from the date of signing the notary deed of purchase of the real estate.

Accordingly, an owner of a real estate is obliged to pay annually property tax and waste collection fee to the local tax office. There is a certain percent of discount if the owner pays the tax and fee for the respective year by the end of April.

Have you paid your property taxes and waste fees?