War is never a good thing. Ukraine had many thriving business which are suffering right now. One of the solutions is to move business and employees (as much as it can be done) to a close friendly country.
Why Bulgaria is good place to move your Ukrainian business
Bulgaria is relatively close, but far enough
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Got a Bulgarian property? Act now, so you don't loose it for good!
If you have bought a property in Bulgaria as an investment in the past decade or so , you should be aware of the recent practices of the local councils to put unattended properties on actions. Find below the most common THREE WAYS you could lose your property if you are neglecting your investment in…
Ill-advising property agents in the area North of Varna
If you have bought a rural property in Bulgaria back in mid 2000s, you know it’s not too easy to maintain it if you are not living permanently in the country. Because of Covid-19 restrictions, many Britons now feel they can’t use their rural houses and are willing to sell them on loss, especially in…
Own a property in Bulgaria? Act now, so you don't lose it for good!
All companies in Bulgaria which are not re-registed by the end 2020 will lose their real estate properties.
Do you own a property through a limited company in Bulgaria? Please read below, as you might be affected by a major law change concerning your property.
History of the process
If you have bought a property in Bulgaria…
Buying or creating an airline in Bulgaria (AOC holder)
All airlines and AOC holders, registered in Bulgaria benefit of the country’s EU membership and all connected Single Sky and Open Skies agreements. Country’s location is quite beneficial as it is almost in the middle on the route between the large airport hubs of the Middle East (Dubai, Doha etc.) and Western Europe’s largest airports (Frankfurt, Paris, London).…
Bulgarian Aircraft Register should be open
Bulgarian Civil Aviation Authority is responsible for keeping the aircraft register of Bulgaria i.e. records of all aircraft registrations, aircraft ownership rights, dry or wet lease contracts records. Bulgarian aircraft register is not very big, but has a potential to grow as Bulgaria is part of the EU and any registered aircraft in Bulgaria will…
Common Reporting Standard or (CRS) in Bulgaria
Starting in 2012, political interest has increasingly focussed on the opportunities provided by automatic exchange of information. Automatic exchange of information involves the systematic and periodic transmission of “bulk” taxpayer information by the source country to the residence country concerning various categories of income (e.g. dividends, interest, etc.).
On February 2014, upon an initiative of…
Temporary replacement of aircraft engine in Bulgaria
If an aircraft engine fails, the airline can make a temporary engine replacement until the rightful owner (lessor) allows permanent engine replacement. Sometimes in case of financial problems the aircraft is seized by creditor or the airline goes bankrupt. In such cases the owner of the airframe might acquire title over the engine if the engine…
No cabotage restriction for own account operators
If you have problems with DVSA or have lost your Operator’s licence in UK or Ireland we can bring you back in business under Bulgarian O-licence. This route is successful only if you are not breaching the EU cabotage rules (e.g. 3 local jobs within 7 days, following international journey).
Transportation on own account
However if you…
Аppealing fines of Bulgarian Border Police imposed to Airlines
Many airlines are fined by the Bulgarian Border Police because they are not aware of the liability to check if their passengers have a valid visa to enter Bulgaria. In most of the cases, the passenger has a valid visa to enter another EU country, but the flight to Bulgaria is just one of the legs of…