Opening of a Trade representative office in Bulgaria
A foreign company, entitled to engage in business under its domestic law, may set up a trade representative office inBulgaria(“TRO”). The TRO is not a separate legal entity and it has no individual capacity. It is not allowed to engage in commercial activity. The TRO should support the foreign company in marketing with representative functions only. Notwithstanding, the law does not provide any sanctions for breach of this restriction, but for all commercial activities engaged by the TRO, the necessary taxes should be paid. The TRO is subject of registration with the Bulgarian Chamber of Commerce and Industry (“BCCI”).
For registration of a TRO with the BCCI a formal application must be submitted with the following documents attached to it…….