Business Formations in Bulgaria I part

Possible business formations is a matter regulated under Bulgarian Commercial Act. There are situated the rules with regards of incorporation, management, relation between shareholders and managers, insolvency, bankruptcy, liability and so on.

Issues not addressed in the Commercial Act are redirected to the general civil legislation of the Republic of Bulgaria.

Starting a business in [...]

Bulgarian Bank Licensing

Obtaining a banking license is regulated by the Bulgarian legislation in several laws:

* Banking Act

* Bulgarian National Bank Act

* Regulation on licenses and permits issued by the Bulgarian National Bank

Bank as an entity characterized by the range of activities that can perform so-called absolute or bank transactions (public attraction of deposits [...]