Legislation

Topics: Corporation, Limited liability company, Limited liability Pages: 4 (955 words) Published: May 8, 2013
>>>>>> LEGISLATION
BUSINESS LEGISLATION

Foreign trade and customs
As of January 1, 2007, Bulgaria is an EU member state. Since that date, the customs bodies have started applying directly the Community legislation that regulates common procedures, tariff and non-tariff measures with regard to the import and export of goods from and to third countries, as well as common customs control tools. The Customs Act is based on the Community Customs Code. It has adopted the existing procedures and customs regimes of the European Union: transit, processing under customs control, temporary admission, customs warehousing, temporary export, etc. The Single Administrative Document (SAD) is the official document used to declare imports and exports under a normal procedure. More information on customs procedures in Bulgaria may be found on the Customs Agency’s website www.customs.bg

Company Registrations
To be involved in business activities in Bulgaria, you need to register a company. Information on the procedures and the documents needed for the registration is given below.

Registration of a sole proprietor (ET)
1. Court registration
To register your company as ET, you need to file a set of documents with the County Court in the area in which you’ll perform your activity. The documents required for registration include: • a written request to have an ET registered, addressed to the corporate division of the county court, signed by you; • a notary-certified specimen of the signature of the person that will represent the company (this could be you or an assistant of yours); • a declaration on your behalf as a founder of an ET under Art. 57 and 58, para 2 and 4 of the Commercial Act; • a certificate of name uniqueness, issued by Information Services AD – county court; • receipts for the payment of state fees.

2. Statistical registration (BULSTAT)
Within 3 days of receiving the court registration decision, you must effect the so-called...
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