1. Eyes on Bulgaria A PRESENTATION BY A-LAW INTERNATIONAL LAW FIRM Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 Patricia Leers Denitsa Georgieva Attorney-at-law Legal counsel Bulgaria Managing Partner Manager Accounting P.leers@a-law.eu D.georgieva@a-law.eu 11/09/2015© 2014 A-Law

2. A-LAW INTERNATIONAL The Worldwide Locals 11/09/2015© 2014 A-Law Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013

3. A-LAW INTERNATIONAL REGIONS OF SUPPORT 11/09/2015© 2014 A-Law  Fully covering the EU-member states and the BRIC (Brazil, Russia, India, China)  Fast expanding in the Civets countries (the high potentials of becoming the world's largest economies in the 21st century: Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa)  Presence in other high value countries (USA, Colombia, Chile, Peru, Argentina, Ukraine, CIS, Libanon, Arab Countries) Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010,2011, 2013

4. A-LAW INTERNATIONAL AREAS OF SUPPORT  INVESTMENT  TRADE AND DISTRIBUTION  INSURANCE  RECOVERIES  REAL ESTATE  LOGISTICS  MIGRATION  DISPUTE RESOLUTION © 2014 A-Law Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 11/09/2015

5. A-LAW INTERNATIONAL THE REPUBLIC OF BULGARIA  Inhabitants – 7.364.570  Surface area – 111.001,9 km²  Borders North – Romania / Danube – 609 km East – Black sea – 378 km South – Turkey – 259 km, Greece – 493 km West – Serbia – 341 km, FYR Macedonia – 165 km  Large cities Sofia – 1.291.895 Plovdiv – 383.135 Varna – 364.609 (coast) Burgas – 219.721 (coast) Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

6. A-LAW INTERNATIONAL INVESTMENTS  Sectors Foreign Direct Investment : 1.181,6 mio EUR for 2014 Export EU : 13.000 mio EUR Import EU : 15.000 mio EUR Transport and infrastructure Construction and real estate Energy sector Agriculture IT and Accountancy Services Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

7. A-LAW INTERNATIONAL LEGAL SYSTEM  Public authority Legislative (Parliament) Executive (Government) Judiciary (Courts) - Civil - Criminal - Administrative Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

8. A-LAW INTERNATIONAL COMMERCIAL COOPERATION  Contracts  Recoveries and Summons  European order for payment procedure Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

9. A-LAW INTERNATIONAL TAXATION  Corporate tax : 10%  Tax credits Reducing to 0% for production activities in the regions with high unemployment rate Farmers : 4%  VAT : 20%, 7%, 0%  Dividend : 5%  Social Security : 17-23% - max taxable amount : 1.300 EUR - minimum wage / average wage Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

10. A-LAW INTERNATIONAL ESTABLISHMENT OF A COMPANY  Legal forms Private limited liability company : 1€ (BVBA = ООД) Public limited company : 25.000€ (NV = АД)  Private act  Shareholders : minimum one Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

11. A-LAW INTERNATIONAL ESTABLISHMENT OF A COMPANY  No financial plan  Degree business management not required  Manager / director : only individuals, not legal entities  Accountant  Company activities : required permits / licenses Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

12. A-LAW INTERNATIONAL AQUISITION OF A COMPANY  Private act  Published in the Commercial Register  Articles of Incorporation ( publication) Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

13. A-LAW INTERNATIONAL POSTING OF WORKERS ABROAD  Legislation transposing Directive 96/71/ЕС (MOD 1/1/2010)  A1 of Certificate of Coverage Not all employees Minimum 1 month employed 25% of revenue from domestic activities Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013 © 2014 A-Law11/09/2015

14. © 2014 A-Law THANK YOU www.a-law.eu A-Law International Law Firm works in partnership with Flanders Investment and Trade Nominated Highest Potential Law Firm by the Belgian Legal Awards 2010, 2011, 2013