= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Starting a Business:
Bulgaria made starting a business easier by reducing the cost of registration.
DB2012:
Getting Credit:
Bulgaria made access to credit information more difficult by stopping the distribution of credit reports to financial institutions by the private credit bureau (Experian).
Trading Across Borders:
Bulgaria made trading across borders faster by introducing online submission of customs declaration forms.
Resolving Insolvency:
Bulgaria amended its commerce act to extend further rights to secured creditors and increase the transparency of insolvency proceedings.
DB2011:
Starting a Business:
Bulgaria eased business start-up by reducing the minimum capital requirement from 5,000 leva ($3,250) to 2 leva ($1.30).
Paying Taxes:
Bulgaria reduced employer contribution rates for social security.
DB2010:
Starting a Business:
Bulgaria eased the process of business start-up by reducing the paid-in minimum capital requirement to 23.9% of income per capita and enhancing the efficiency at the company registry.
Registering Property:
An integrated web-based property register providing online access to the ownership and cadastre status of the properties decreased the total time to register property in Bulgaria.
DB2009:
Starting a Business:
Commercial registration centralized electronic database was created consolidating and substantially reducing the number of registration procedures, and other registration formalities were cut.
Dealing with Construction Permits:
Bulgaria made obtaining a construction permit more complicated by increasing the fees, time and procedures for obtaining approvals of construction related procedures.
Paying Taxes:
New Corporate Income Tax and Value Added Tax Acts were introduced. Additional annual VAT return abolished. Employer share of social security reduced by 5%.
Enforcing Contracts:
Bulgaria amended many provisions of its civil code, reforming rules for evidence and default judgment. The minimum threshold for the lower jurisdiction was revised upward and powers given to the last instance civil court to select which cases to hear, limiting abuse of the appeals process.
Resolving Insolvency:
Bulgaria passed 2 laws: the Civil Procedure Code and the Law for the Commercial Registry. The Civil Procedure Code specifies that the Supreme Cassation Court has the discretion to decide whether or not to hear a case. The Law for Commercial Registry specifies that major decisions and rulings of the bankruptcy court are posted on the commercial registry’s website. These changes are expected to reduce delays and allows for faster resolution of bankruptcy.
DB2008:
Dealing with Construction Permits:
Bulgaria made obtaining a construction permit clearer by adopting new legislations.
Paying Taxes:
Bulgaria reduced the tax burden for companies by reducing the corporate income tax rate and the social security contribution and eased the system of tax payment through the diffusion of e-filing and e-payment
Enforcing Contracts:
Bulgaria introduced changes to the judicial system, increasing transparency and appointing private bailiffs.