Also in the news...
Apply to use simplified declarations for imports you entered in your records without authorisation
Choose how you’ll make supplementary declarations for goods that you entered into your own records without authorisation.
UKEF backs Leicester sustainable packaging firm in Australian expansion
UK Export Finance announces support for a UK luxury sustainable packaging company to expand into new foreign markets.
Hundreds of new UK jobs as Nigerian companies confirm millions in investment
Hundreds of new UK jobs are set to be created as Nigerian companies scale up their operations, reinforcing Britain's position as a leading global business hub.
Chancellor lands major investment with Spain as she prioritises closer ties with Europe
Rachel Reeves visits Madrid to meet 120 of Spain’s top businesses and investors and Minister of Economy, Trade and Business Carlos Cuerpo
France: providing services and travelling for business
Guidance for UK businesses on rules for selling services to France.
Shorter Time To Market For Commercial Entities In Bulgaria
An amendment to the Bulgarian Trade Register Act has resulted in a greatly reduced wait time for those registering a new entity in the country.
The period for consideration of a commercial entity applying for inclusion in Bulgaria’s trade register shall now take place in two days. This reduction is warmly welcomed as it accelerates the registration of new entities, and facilitates a swifter start to business activity.
As per the new provision, registration officials shall consider applications for initial registration by close of business on the day following the day of submission. Officials shall come out with pronouncement on the application and announce the entity registration immediately after reviewing all submitted documents.
This is excellent news for all who plan to start business activity in Bulgaria, as it will allow them to very quickly register an entity in the country and then focus on their actual business. By making this amendment to the legislation, the Bulgarian authorities aim to reduce administrative obstacles and create more favourable conditions for foreign investors to commence business.
Got questions? Contact our expert team in Bulgaria.