Nina Boteva

In the middle of August 2024, the Parliament of the Republic of Bulgaria submitted a bill on the requirements for accessibility of products and services (BRAPS). The bill also complies with Directive (EU) 2019/882 of the European Parliament and of the Council as of April 17, 2019, which regulates the requirements for accessibility of products…

At the beginning of July, a bill for amendment and supplementation of the Law on Foreigners in the Republic of Bulgaria (LFRB) was introduced in the National Assembly. The reasons necessitating these amendments and additions to the LFRB are related to the need of incorporation of the requirements of Directive (EU) 2021/1883 of the European…

In April 2024, the National Assembly of the Republic of Bulgaria submitted a draft law to amend and supplement the Law on the Promotion of Investments. The draft law provides for the introduction of a ban on the application of investment promotion measures against persons who are subject to international restrictive measures, and at the…

In mid-April 2024, legislative amendments were made to the Law on the Trade Register and the Register of Non-Profit Legal Entities (LTRRNPLE). The legislative changes aim to transpose into Bulgarian legislation part of the requirements of Directive (EU) 2019/1151 of the European Parliament and of the Council of 20 June 2019 amending Directive (EU) 2017/1132…

At the beginning of March 2024 were made legislative changes to the Investment Promotion Act (IPA). The changes in the IPA are provoked by Regulation (EU) 2019/452 of the European Parliament and of the Council, which creates a framework for screening foreign direct investments in the Union. The purpose of the legislative changes is to…

An entirely new Law on the Bulgarian National Bank (LBNB) was promulgated in the State Gazette on 13 February 2024. It aims to provide the legal framework for the integration of Bulgaria into the Eurosystem and the introduction of the euro as an official currency. The Law provides for an update of national legislation to…

On 18 January 2024, the Court of Justice of the European Union (EU) ruled on the issue ofwhether the limitation envisaged in Bulgarian legislation for foreign citizens to acquire land inBulgaria contradicts European legislation. The Court of the EU issued its decision on theoccasion of a preliminary inquiry addressed to it by the District Court…

Amendments to the Value Added Tax Act (VATA) were adopted at first reading in the NationalAssembly of Bulgaria in mid-November. Some of the proposals concern ensuring the propercollection of VAT and preventing tax evasion. The purpose of the legislative changes is to facilitate the process of charging and paying thedue tax by the persons who…

Some of the proposals concern ensuring the propercollection of VAT and preventing tax evasion. The purpose of the legislative changes is to facilitate the process of charging and paying thedue tax by the persons who have made taxable supplies of goods or services but have notregistered for VAT or have done so late. According to…

The Bulgarian legislator has amended the Commerce Act, creating an opportunity to establisha new legal organizational form – CVC (Company with variable capital), the purpose of whichis primarily oriented towards developing innovative start-up companies. By mid next year, theBulgarian Registration Agency must ensure the possibility for the submission of applicationsconcerning the new type of company.…

The amendment to the Law on Markets in Financial Instruments was published in the “StateGazette” of the Republic of Bulgaria on 28.07.2023. Changes are envisaged in nationallegislation arising from Regulation (EU) 2022/858 of the European Parliament and of theCouncil of 30 May 2022 on pilot regulation of market infrastructures based on decentralizedledger technology (DLT), and…