Commercial Law

Registration of commercial companies – Ltd., LLC, JSC, changes in circumstances, contributions, transformation of companies – mergers, acquisitions, divisions, separations, change of legal form, commercial transactions, and contracts.

Registration of Commercial Companies - SLLC, LLC, JSC

The registration process for commercial companies, regardless of type (SLLC, LLC, JSC), involves three main stages: preparing the necessary documents according to the requirements of the Commercial Law of the Republic of Bulgaria, depositing a specified contribution (cash/non-cash) – the required capital on a bank account opened specifically for this purpose, and registering the commercial company in the Commercial Register at the Registry Agency.

Our Services:
– Preparation of all required documents according to legal requirements.
– Opening a bank account and depositing the required capital.
– Registering the company in the Commercial Register.

Changes in the Circumstances of a Commercial Company

Changes can occur in the following circumstances: name, registered office and management address, business purpose, capital, management method, and directors.
Any changes must comply with the law and the company's articles of association/contract and be registered in the Commercial Register. Additional requirements apply in cases of changes in capital.

Our Services:
– Preparation of all required documents according to legal requirements.
– Preparation of all required documents according to legal requirements.

Liquidation of a commercial company

Liquidation of a commercial company involves a process lasting six months, including finalizing current transactions, clearing assets, satisfying creditors, and distributing remaining property among partners. The procedure requires informing the National Revenue Agency (NAP) and the National Social Security Institute (NOI).

Our Services:
– Preparation of all required documents according to legal requirements.
- Opening of liquidation proceedings. 
– Reflecting the changes in the Commercial Register. 
– Deletion of the company from the Commercial Register

Non-Cash Contribution to a Company (Aport)

A company's capital can be formed with both cash and non-cash contributions. Non-cash contributions may include various property rights, typically ownership rights over real or movable property. The valuation of non-cash contributions usually involves three appraisers appointed by the Commercial Register.

Our Services:
– Preparation of all required documents according to legal requirements and the nature of the non-cash contribution incl. preparation and submission of a request for the appointment of appraisers.   
• Registering the company/changes in the Commercial Register.

Transformation of Companies (Merger, Division, Separation)

Depending on the type of transformation, it involves either merging several companies into a new or existing one (merger, incorporation) for joint business activities or splitting one company into several (division), including the establishment of independent commercial companies. The transformation procedure varies based on the form chosen.

Our Services:

– Providing professional advice on the feasibility of the chosen method and suitable forms of transformation in a specific case.

– Preparation of all required documents and registration in the Commercial Register.

Commercial Transactions and Contracts

Drafting all types of commercial contracts:
• Purchase and sale agreements
• Distribution agreements
• Commission agreements 
• Forwarding agreements
• Transportation agreements
• Marketing and advertising agreements
• Commercial representation agreements
• Intermediary agreements
• Leasing agreements etc. 
Oral and written legal consultations and opinions on commercial transactions and contracts.
Drafting necessary documents for various figures of contractual commercial representation.

If you have questions and need assistance, contact us using the provided contact information.

Commercial Law and Our Services:
  • Registration of Commercial Companies –
    SLLC, LLC, JSC
  • Changes in Company Circumstances
  • Company Liquidation
  • Non-Cash Contribution to a Company (Aport)
  • Transformation of Companies
  • Commercial Transactions and Contracts
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