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Bulgaria

Third-party costs in security interests in Bulgaria

Bulgaria

1. Is notarisation required and are fees payable?

Yes, in some cases.

2. Do the following securities / deeds require to be registered in the Local Property Register and what fees are payable?

2.1 Pledge over shares in limited liability company

No.

2.2 Pledge over non-materialized shares in a joint stock company

No.

2.3 Pledge over materialized shares in a joint stock company

No.

2.4 Registered pledge over receivables

No.

2.5 Registered pledge over going concern

Yes (if the pledge covers real estate property), 0.1% of the secured amount.

2.6 Financial collateral agreement with the creation of pledge

No.

2.7 Mortgage

Yes, 0.1% of the secured amount.

2.8 Subordination of claims

No.

3. Do the following securities / deeds require to be registered at the local Registrar of Companies and what fees are payable? 

3.1 Pledge over shares in limited liability company

Yes, EUR 20.

3.2 Pledge over non-materialized shares in a joint stock company

No.

3.3 Pledge over materialized shares in a joint stock company

No.

3.4 Registered pledge over receivables

No.

3.5 Registered pledge over going concern

Yes, EUR 40.

3.6 Financial collateral agreement with the creation of pledge

No.

3.7 Mortgage

No.

3.8 Subordination of claims

No.

 Please note that while the information on this page was current and accurate as at 15/11/16, it may no longer be current or accurate and so you must speak to your local CMS Banking contact if you require confirmation of any of the costs or fee levels as at today’s date!