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Foreign legal entities registered abroad, as well as foreign individuals and other entities, can register a branch in Bulgaria provided they are registered as commercial entities in accordance with the relevant legislation in their home country. No authorized capital is required to found a branch. A branch is not a legal entity, it is part of the company - founder. However, branches are obliged to maintain accounts as an independent company. A branch of a foreign company must prepare a balance sheet.

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SMOLYAN DISTRICT AND CITY INFORMATIONSmolyan
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Bulgarian Head Nod
Bulgarian Head Nod
When Bulgarians nod their heads up and down, they mean NO. When they move their heads from side to ... More

Pirin National Park lies in the highest part of the Pirin Mountain. Forests cover 60% of its total area. Trees between 280 and 1000 years old have been declared natural sites, the oldest one being the 16 meter high Baikousheva white fir which is 1200 years of age.

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