LEGAL ISSUES Number 2 
October 2009
bglegal
Incorporating GS Georgieva & Partners
Dear Client

galina
New Government, New Legislations and undoubtedly new Laws! 2010 will bring its fair share of beurocracy, but we are hoping for a more streamlined system which will be easier to implement.  The new Government has promised we will join the eurozone and adopt the Euro by 2013, this was of course scheduled for 2010!!  Watch this space!
 
 
Sincerely,
Galina Georgieva
Bulgaria Legal
 
Annual Company Tax Report 
File On Time! 
 
Because the Bulgarian law still does not allow foreign nationals to own land, the majority of investors are purchasing their properties through a company registered in this country. However having a company is a serious issue and investors must accept seriously the requirements of the tax law, which is quite strict and conservative. During the recent years the tax authorities have become quite active and regular checks are performed with or without a reason. Even if your company is registered just to own a property and not actively trading, it is still subject to control and inspection by the local tax officers.  Each company (including the dormant ones) is obliged to prepare an annual tax report for its business activities and submit it to the local tax office before 31st March each year. The fines for not submitting the annual tax declaration on time start from 500 Levs (approx. 250 Euros).  For dormant companies (registered only to own a property), or companies without any activities we charge an annual fee which will cover the annual tax report and submission to the local tax office.
If your company is operational the charge is paid monthly and is subject to additional negotiation, depending on the amount of work required. 
Where is Your Company Registered Address
Receiving Important Mail?
 
doorAre you receiving important mail?  When you registered your company did you use your previous Agents/Lawyers address? Are they still there?
If not you could be missing out on important information regarding your company and its liabilities, this includes fines!!  At Bulgaria Legal we can host your company at our office address free of charge! And when we receive important mail for your company we will inform you asap!!
Contact us for further information on this service
Company Re-Registration
Have You Re-Registered? 
reregIf you own property or land in Bulgaria through a registered company, or indeed you own a trading company, the Bulgarian government now requires that you re-register the company by the end of 2010.
Failure to re-register will result in the loss of the company and its assets (property, land etc.) and you will also incur a fine and will have to pay for the procedure to close the company.  Contact Us For More Information
 
About Our Law Firm
We are young, we are ambitious and we aim to make a difference.
You want to succeed in your personal and business endeavors; ultimately your success is our reputation.
Our mission is to provide an exceptional client care service and establish long term relationships. The majority of our work has been gained through recommendation and repeated work relations with our clients.
We combine business insight with legal excellence to address client issues before they become expensive legal problems. 
Bulgaria Legal

2009 Accountancy

accountantBulgaria Legal have now appointed a fully chartered Chief Accountant who is able to file clients financial reports and also annual  tax reports which are due for the coming years.  If you would like to take advantage of this service at our preferential client discount rate then please see the offer at the end of this newsletter.
UK TELEPHONE NUMBER
uk telephone
We now have a UK telephone number which will connect you directly to our Bulgarian Office
 or indeed our UK Office.  Ueed with your free calling plans or free mobile minutes this can mean free calls to us!     0191 6408899
Why Use Us 
The Whole Of Bulgaria 
reregAs our name suggests, our legal expertise stretches over the whole territory  of Bulgaria.  We have offices in Varna, Sofia and also in near Newcastle in the UK.  We have listened to our clients and have introduced a UK telephone number and also a UK bank account to make contact and payments easier for you, saving hefty bank charges associated with international bank fees.
We are however open to suggestions on how to make our service to you even better.  If you have a suggestion please email [email protected]
Testimonials
Just back from 2 week holiday near Varna.After reading recommendations on this site we used the services of Bulgaria Legal to complete a sticky title deed transaction -- at least it was sticky till Diylana got involved. She was great and gave us really good advice, she was excellent in dealing with pushy developers and in the end got the deal sorted to suit us. I cannot praise her highly enough for the peace of mind she has given to us over the last 2 weeks . Her English is great and she has a wonderful sense of humour.We also met with Galina and found her very professional and helpful. However Diylana was our champion. I would highly recommend this firm to anyone.
Patricia.a "Read more"
Accountancy Services 
Annual Tax Reports & Financial Reports Filed For €150 per annum*
Our Accountant will file both your annual tax return (by March 31st each year) AND your Financial Reports (by June 30th each year) 
For A Yearly Fee of €150 For Both Services
To Take Advantage Of This Offer Click HERE enter
Offer Expires: 1st November 2009                                                   * Dormant/Non Trading Companies Only