Amendments concerning the adopted amendments and supplements to the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act (2017)

The Bulgarian Chamber of Commerce and Industry informs the representatives of the Trade Representation Offices of foreign entities in the Republic of Bulgaria, registered in the Trade Register of the Chamber that:

In State Gazette issue No. 51 of 27.06.2017, Decree of the Council of Ministers No. 122/23.06.2017 for amendment and supplement to the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act was promulgated.

With the adopted amendments, BCCI is assigned, upon receiving an application for issuance of a Certificate of Actual Registration of Trade Representation Office under Art. 19, item 1 of the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act, to ensure that the foreign entity complies with the provisions of Art. 24, para 1, item 6 of the Foreigners in the Republic of Bulgaria Act, respectively that it has submitted to the Chamber the following listed documental evidence establishing that these conditions have been met:

• Active economic activity of the foreign entity for no less than one year prior to submitting the application for issuance of a Certificate under Art. 19, para 1 of the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act, established with a reference from a servicing bank or any of the following documents:
  a) Copies of the Balance Sheet and the Profit and Loss Account for the previous calendar year, certified as true copies of the original with a wet stamp and notarized signature of the lawful representative/s of the foreign entity, accompanied by a translation into Bulgarian;
  b) Declaration on a BCCI template with a notarized signature and wet stamp from the lawful representative/s of the foreign entity with a translation into Bulgarian, containing data for the previous calendar year on the performed activities by basic economic indicators and financial results, accompanied by a translation into Bulgarian;;
  c) Declaration, with a notarized signature and wet stamp from the lawful representative/s of the foreign entity, which indicates the web address of a publicly available online database in English, containing the Financial Statement of the foreign entity for the previous calendar year (for verification of the Financial Statement by BCCI's "Trade Register and Membership" Directorate);
• Tax compliancy of the foreign entity, established with any of the following documents:
  a) Certificate of absence of tax obligations, issued by the competent public authority of the country in which the legal seat of the foreign entity is situated, in compliance with its national legislation, certified for authenticity and accompanied by a legalized translation into Bulgarian;
  b) Declaration with a notarized signature and wet stamp from the lawful representative/s of the foreign entity with a translation into Bulgarian, which indicates the web address of a publicly available online database in English, maintained by the competent public body of the country where the legal seat of the foreign entity is situated, in compliance with its national legislation.
• Planned activities of the Trade Representation Office, established with the following documents:
  a) Justification of the necessity to open a Trade Representation Office (containing the goals and tasks of the Trade Representation Office), stamped with the wet stamp of the foreign entity and with a notarized signature of the lawful representative/s of the foreign entity, accompanied by a translation into Bulgarian;
  b) Annual work programmes (for the current and the next calendar year) for execution of the assigned goals and activities of the Trade Representation Office in the Republic of Bulgaria, with a notarized signature of the lawful representative/s of the foreign entity, which justifies the necessity for implementation of the programme by the declared number of persons registered as trade representatives, accompanied by a translation into Bulgarian (declaration);
  c) Copy of a rental contract (in Bulgarian, or if it is in a foreign language, translated into Bulgarian) for a period of not less than one year, as of the date of submitting the application for issuance of a Certificate under Art. 19, para 1 of the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act, or copy of a document for ownership of real property which will be used as an office of the Trade Representation Office, and provides the necessary conditions for normal work of the trade representatives, certified as true copy of the original by the lawful representative/s of the foreign entity.

From the day of entry into force of the Decree of the Council of Minister and provided that all required documents have been submitted, BCCI will include in the Certificates of Actual Registration of the Trade Representation Offices of foreign entities the following text: “The circumstances included in this Certificate are proven by the foreign entity in compliance with Art. 24, para 1, item 6 of the Foreigners in the Republic of Bulgaria Act.” The text will be included only in the Certificates whose representatives are foreign individuals, applying to obtain long-term residence in the Republic of Bulgaria pursuant to Art. 19, item 1 of the Regulations for the Application of the Foreigners in the Republic of Bulgaria Act.
The absence of this text in the Certificate issued to serve for application for long-term residence of foreigners will mean, that the necessary required documents have not been submitted to BCCI.

Certificates with data from the Trade Register of BCCI, which are issued for purposes other than the application for long-term residence in the Republic of Bulgaria, will not contain this text.

REGULATIONS for registration into the Unified Trade Register of BCCI (EXCERPT!)