Associations and foundations in Bulgaria as non-profit legal entities freely determine the means to achieve their goals. These legal entities are established to carry out non-profit activities, but they may carry out additional economic activity related to the subject of their main activity, using the income to achieve the goals specified in their statute or constitutive act.
Non-profit legal persons entered in the Bulgarian register of non-profit legal persons to district courts are obliged to submit an application for re-registration until 31 December 2022. In this way the term for re-registration is prolonged with 2 years. Continue reading “The term for re-registration of non-profit legal persons is prolonged with 2 years”