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LEGAL
Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of engaging in business is via Limited Liability Company /OOD/. It is a commercial company with share capital owned by its members whose liability is limited to the amount of the capital subscribed. If you wish the property you are buying to belong to you ONLY then you may register a private limited liability company, known in Bulgaria as EOOD. The company does not have to operate - it is simply used as a tool to purchase a property (properties)! The minimum foundation capital for both – OOD and EOOD is 2 Bulgarian leva /approx. 1 EUR/. You will need to open a bank account and to deposit the initial company’s capital. Please note that this is NOT the cost of setting up the company, just the amount required to be deposited as a condition of setting up a company Once the registration is completed (usually one working day) these funds can be accessed and withdrawn. The company exists from the moment it is added to the Trade Register of the Registry Agency. All legal, solicitor’s and government\\\'s taxes for the Company’s registration are 370 EUR. We will require a scanned copy of your passport/passports, your permanent address/addresses and of course the desired company\\\'s name. Our solicitors will then prepare all required documents for the company\\\'s registration in both - Bulgarian and English languages, and we will have them ready prior your arrival in Bulgaria. If you wish to register a company, without coming to Bulgaria, please contact us for details.
Aurubis Bulgaria 2014
Aurubis Bulgaria 2014 – new investment programme worth 44.2 million Euro launched Pirdop, 21 June 2011: Aurubis, the largest copper producer in Europe, announced its new investment programme for environmental protection and increasing productivity -"Aurubis Bulgaria 2014". The project was launched with a symbolic groundbreaking ceremony by Prime Minister of the Republic of Bulgaria Boyko Borisov and the Deputy Prime Minister and Minister of Finance Simeon Dyankov, Minister of Transport Ivaylo Moskovski and His Excellency Matthias Höpfner, German ambassador together with the hosts Peter Willbrandt, Member of the Executive Board of Aurubis AG and Nicolas Treand, Executive Director of Aurubis Bulgaria, in the presence of local and national authorities, diplomats, metallurgy business representatives, the NGO sector etc. The total investment of the project is EUR 44.2 million and 60% of this amount involves measures for environmental protection with a total capital expenditure of more than EUR 26 million. The scope of the project, which will be implemented in the next three years, consists of two main focuses - productivity increase and improvement of the environmental performance in the plant to meet also future EU regulations. The main goal is together with productivity improvements in new systems to maintain the best parameters and complete control in terms of gases and SO2 emissions."At Aurubis Bulgaria requirements and standards are in full compliance with the national and European legislation, because we are following the best available techniques for environmental protection. The new project will put focus on further reduction of emissions. We also stay active social position, which is in the name of protection and the well-being of our employees and the local citizens. I thank to our Board and share holders for the confidence they show to our Bulgarian site.
How Do I Begin Investing In Real
How Do I Begin Investing In Real Estate? Once you've made the decision to start investing in real estate, there are several things you need to know as you begin the process. One of the first things you should do is create a team of support professionals around you to help you out with the first real estate deal you make. Your team should consist of a real estate lawyer who has actually been an investor in recent years, a title company who deals with investors on a regular basis, an insurance agent who knows the ins and outs of real estate investments, a mortgage broker you know and trust, and an accountant who is familiar with the tax laws involved with investing in real estate
AES Galabovo
AES Galabovo TPP Officially Starts Its Commercial Operations AES today officially started commercial operation of its AES Galabovo power plant. The occasion was marked by an official event at the plant\'s Galabovo site attended by Prime Minister Boyko Borissov, AES President and CEO Paul Hanrahan, Peter Lithgow, Managing Director of AES for Bulgaria, and guests from the Bulgarian Government, the National Assembly, partners, diplomats, and journalists, etc. With its total cost of 1.2 billion euro AES Galabovo is the largest foreign direct investment in Bulgaria in the last 20 years. Its financing was secured by a consortium of twenty-nine local and international banks, led by EBRD, BNP, ING and Credit Agricole CIB. The 670MW plant will be utilizing approximately 30 percent of the Maritza East Mines\\\\\\\' lignites and will be securing approximately 9 percent of the total power capacity in the country. Its projected output of 4,5 TWh per annum will be sold to NEK under a 15 year power supply agreement. In an additional undertaking to the Bulgarian Government, AES also financed and constructed on its own a 93 million euro waste disposal facility in order to dispose of the wastes from the power plant\\\\\\\'s combustion process in the most environmentally safe manner. The power plant and the waste disposal facility are in full accord with the most recent international environmental standards, supports best practices in the industry, and features a state-of-the-art technology and equipment. During the construction phase of the project an average of 2,000 jobs per month were created. The plant commercial operations will support 360 direct-hire jobs and another 2440 jobs in the suppliers sectors. The project is a key asset in AES\'s diverse and growing portfolio in Southeast Europe.
Start shale gas exploration
Chevron will start shale gas exploration in Northeast Bulgaria, near Novi Pazar. The company will pay EUR 30 m. for the exploration alone, energy minister Traicho Traikov said, as quoted by BNR. According to initial data the deposit has potential of 300 bn. and 1 trillion cubic m of gas. Minister Traikov said that this could botentialy cover the country’s consumption for 300 years.
Coca-Cola investment in Bulgaria
Coca-Cola announced two further investments in Bulgaria ! Sofia has been selected from among 14 other cities in Europe for the setting up of a United Center for Human Resource and Financial Services of Coca-Cola; the center will be opened in the fall of 2011, and will employ 200 Bulgarians. US Ambassador James Warlick announced another Coca-Cola investment in Bulgaria - over EUR 2 M will be invested in the construction of a new mineral water drill in Bankya, a Sofia quarter, to replace an existing facility. Once the water concession is over, the new facility will be donated to the Bulgarian state. The guests of the Coca-Cola birthday party had the chance to witness presentations of key moments of the history and development of Coca-Cola, including the discovery of the recipe for the drink in 1886 by John Pemberton. Bulgaria is the first country in the former Communist bloc where Coca-Cola has been produced - since 1965. The representative offices of Coca-Cola formally enter Bulgaria in 1992. The company has three plants in Bulgaria - in Bankya, Kostinbrod, and Targovishte.
BULSTAT Register
Obligation for registering in BULSTAT Register Non-resident natural persons or legal entities, who or which acquire a real estate in Bulgaria and who or which are not already entered in the BULSTAT Register on other grounds, are obliged to record themselves in the Register so as to be assigned a Unified Identification Code. The application for registration must be submitted within seven days after acquisition of the real estate to the registry office exercising competence over the location of the immovable property.
ВАРНА ИНВЕСТ в Желтые страницы
ВАРНА ИНВЕСТ в каталоге компаний Желтые страницы г.Болгария „ВАРНА ИНВЕСТ КОМПАНИ” ООД, динамичная и гибкая инвестиционная и консультационная компания, в распоряжении которой команды квалифицированных и опытных специалистов. ВАРНА ИНВЕСТ, ООО. ВАРНА ИНВЕСТ, ООО в Желтых страницах СНГ. Объявление : финансирования проекта, ВНЖ, Болгария, Варна, ПМЖ
PFOHE MALL
PFOHE MALL is the FASHION, LIFE STYLE Mall of Varna, in the heart of the newly forming zone for purchasing and entertainment. PFOHE MALL impresses with its avant-garde and new style, the harmonious blend of attractive design and functionality. PFOHE MALL is unique because of its remarkable architecture, demonstrating image and style that counld not be passed unnoticed. Architects and experts are conviced that this is for sure one of the buildings, that create the new city image. According to the approved concept, in compliance with the standards of the Iinternational Committee of Shopping Centers ICSC, PFOHE MALL is FASHION, LIFE STYLE. It will only offer high quality and famous brands and established in Bulgaria and ouside the country. PFOHE MALL is situated in Varna, 201 „Slivnitsa“ blvd, in the immediate vicinity of the large shopping center Mr. Bricolage, Piccadilly – Mladost, as well as to the project site of Festa Holding for the highest building in Varna /30 storeys/, with the largest a and only balneological center, that will be located on the same cross-road, - / diametrically located/. It has a central location, easily accessible by means of public transport. Allmost all of the bus routes stop in front of the two main entrances of the MALL and following the logic this makes it the most suitable business area in the sea capital. „Slivnitsa“ boulevard is one of the main transport thoroughfares in the city, connecting the newly formed trading region of Metro, Technomarket, Tehnopolis, Trade complex ZORA and other with the city center and literally ends at the entry arch of Sea garden near the Festival complex. The distance from PFOHE MALL to the heart of the city migth be driven with a car only for 6-7 minutes. This is one of the key cross-roads in Varna, in terms of the flow of people during the different hours of the days. Practically it is on the border between the main residential zone and the central part of the city.
UK electric car
UK electric car specialist Zero Carbon 2020 will launch an assembly line for electric cars in Bulgaria\'s city of Stara Zagora, the company\'s founder and CEO, Jamie Roberts, said on Thursday at an electric vehicle forum in Sofia. The first cars will be rolled out in the second or third quarter of 2011, Roberts added. Initially the line will have a capacity of some 100 cars, but according to plans its output will reach about 5,000 vehicles by 2015, creating more than 350 jobs. Roberts said his Bulgarian project has the backing of prime minister Boyko Borisov. \"We are a company offering niche products and have no ambitions for mass production,\" Roberts noted, adding that his plans for Bulgaria envisage assembling an urban model, developed jointly with Swiss electric car maker Rinspeed, and a sports car. Zero Carbon 2020, founded in 2006, has so far launched two models with an annual production of not more than 20 units.
Financial stability
Bulgaria is among the best performers in the Bulgaria is among the best performers in the EU financial stability. Bulgaria is among the best performers in the EU financial stability. The hole in the state budget for 2010 is only 2.269 billion leva, or 3.2 percent of GDP, according to the prior NSI. By this indicator the country is ranked fifth in the EU as a small deficit of us have only Luxembourg (-1.7%), Finland (-2.5%) and Denmark (-2.7%) and Estonia has a minimum surplus of 0.1 percent of GDP. In 2010, the hole in the coffers of the country shrank by 920 million leva and the resulting deficit fell from 4.7 percent in 2009 to 3,2% in 2010 Although some municipalities are very serious financial situation, others apparently failed to manage their money better as a result local authorities have completed 2010 with a surplus of 248 million over the next three years, provided the hole in the Treasury to fall below 2% by in 2014 to shrink to 0.5 percent of GDP, provides an estimate, which was recently approved by the Council of Ministers.
Common errors in investing
You can save a lot of money, time and anger if you learn from the mistakes that individual investors use to do : * Believing that you can time the market (ie pick market highs and lows). * Building a portfolio without an investment objective. * Buying too many mutual funds. * Buying the hottest {stock, mutual fund} from last year. * Not researching a one-product stock before you buy. * Taking profits too early from your investment. * Not cutting your losses.
Class A investor certificate
The Minister of Economy, Energy and Tourism Mr. Traycho Traikov awarded Stefan Leberbauer, a senior executive of the Finnish ski producer "Amer Sports", with Class A investor certificate at a special ceremony. "Amer Sports Bulgaria EOOD" received this certificate for its project to expand the ski factory in Bulgarian mountain resort Chepelare.. That is the first project being certified this year. That project is envisaged to be implemented within 3 years. Amer Sports plans to invest BGN 7.8 M in the expansion of the "Pamporovo Ski" factory, which it bought in 2008 for EUR 5 M (BGN 10 M). After its completion in 2013 the factory will double its annual production up to 1 million items and will be among the world leaders in the field. By the end of 2012, Amer Sports will have invested BGN 40 M in the ski plant in Chepelare, which already employs 640 people. The new project shall create another 100 jobs in the high-unemployment region of Smolyan. Amer Sports Bulgaria EOOD is 100% owned by the Austrian Amer Sports Holding GmbH, a subsidiary of the world ski producer Amer Sports Corporation. The Finnish company Amer Sports Corporation has a market share of about 25% on the global ski market, and its ski are delivered directly to the stores of Atomic and Solomon around the world.
Dutch Company to Invest in BG
Dutch company Infinity Energy Holding AG will invest EUR 50 M in a solar power installation near the Bulgarian town of Devnya, near the Black Sea city of Varna. The announcement was made Friday by the Chair of the Management Board of the company, Tjalling Halbertsma, after a meeting with the governor of the Varna district, Dancho Simeonov. At present, the company is building the first part of the installation, which is expected to have a power of 5 MW. It has to be completed by the end of the year. In Bulgarian, Infinity energy Holding AG has contacts and is working with the company Solarpro. In Halbertsma's words, the construction of the second part of the solar park, which will have a power of 10 MW, will begin after the Bulgarian Parliament adopts the law which defines the rates for sale of electricity from solar installations. He also said that his company is interested in building wind farms in Bulgaria as well.
Why invest in Bulgaria?
Stable political environment & low country risk: * NATO membership * EU membership Macroeconomic and financial stability. EU\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s most favourable taxes: * 10% corporate income tax rate; 0% in high-unemployment areas * 10% flat tax rate on personal income * 2-year VAT exemption for imports of equipment for investment projects over € 5 million, creating at least 50 jobs * depreciation of 2 years for computers and new manufacturing equipment * opportunity for R&D expenditure write-off * 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents ) Strategic geographic position as a bridge between Europe and Asia. Labour force: * Highly skilled, multilingual work force * Europe\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s most competitive salary levels * 45,000 Bulgarian students in Europe Free movement of capital. No restrictions on after-tax repatriation of profits. Up to 1 year minimum salary and reimbursement of social/health care security for employing young people and disadvantaged people through the Employment Agency Government financial support for priority investment projects Excellent climate, natural scenery, food and hospitality Incentives under the Investment Promotion Act. 1. Information services and shortened administrative services 2.Individual administrative services 3. Preferential treatment upon acquisition of a right of ownership and limited real rights over real estate - private state or private municipal property. 4. Financial support for vocational training of employees for the needs of the investment project.
Our new site is launched
We are pleased to introduce our new site. Here you will find information on all matters concerning real estate. If you can not find the necessary information, just call us and we will answer all your questions.
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LEGAL
Setting up a company in Bulgaria is very easy and our solicitors will do this for you. The preferred form of engaging in business is via Limited Liability Company /OOD/. It is a commercial company wit...
SEEMOREAurubis Bulgaria 2014
Aurubis Bulgaria 2014 – new investment programme worth 44.2 million Euro launched Pirdop, 21 June 2011: Aurubis, the largest copper producer in Europe, announced its new investment programme for envi...
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