Liquidation in Bulgaria is a process governed by complex legal frameworks. At Novo Solution, our expertise encompasses every aspect of this process, ensuring our clients navigate it clearly and confidently.

• Definition and Importance: Liquidation refers to the formal closure of a company’s operations in Bulgaria, a crucial process for ensuring legal and financial compliance.
• Legal Basis: Governed by Bulgarian Commercial Law, our services navigate these regulations to ensure your company’s orderly closure.
• Voluntary vs. Compulsory Liquidation: We assist in both voluntary liquidation, a decision made by company shareholders, and compulsory liquidation, which occurs in cases of bankruptcy or court rulings.

With a clear understanding of liquidation procedures, our clients are better prepared for the journey ahead, backed by the expertise of Novo Solution.

The liquidation process is intricate and requires meticulous attention to detail. Our team at Novo Solution is adept at managing each step to ensure compliance and efficiency.

• Step-by-Step Guidance: Novo Solution provides comprehensive guidance through each step of the liquidation process, ensuring every legal requirement is precisely met.
• Role of the Liquidator: We help appoint or act as the liquidator, responsible for overseeing the liquidation, from asset liquidation to creditor settlements.
• Timely Completion: Our experts ensure the liquidation process, typically taking around 6-9 months, proceeds efficiently, respecting all legal timeframes.

Ensuring a seamless liquidation process is our commitment to our clients, providing peace of mind and professional support at every stage.

At Novo Solution, we recognize that different entities have unique liquidation needs. Our specialized services cater to these varied requirements with precision.

• Diverse Entity Types: At Novo Solution, we understand that each entity type, be it branches, subsidiaries, freelancers, or foundations, has unique liquidation requirements. We offer specialized strategies for each, ensuring compliance with Bulgarian laws.
• Real-world Examples: Our history of successful liquidations across various entity types is a testament to our expertise. Case studies detailing these processes are available to illustrate our tailored approach.

Tailoring our approach to each case, we ensure that all our clients, regardless of their entity type, experience a streamlined and compliant liquidation process.

The legal and financial aspects of liquidation are pivotal. Novo Solution excels in managing these elements, safeguarding your interests throughout the liquidation process.

• Tax Implications: We navigate the complexities of tax audits and implications that arise during liquidation, ensuring your financial obligations are met and liabilities minimized.
• Creditor Relations: Our team expertly manages communications and settlements with creditors, safeguarding your interests and reputation throughout the process.

Our clients benefit from our in-depth knowledge of legal and financial considerations, ensuring a liquidation process that is both compliant and financially sound.

The role of legal support in company liquidation is indispensable. At Novo Solution, our comprehensive legal services provide essential guidance and support.

• Crucial Legal Assistance: In the intricate journey of company liquidation and dissolution, the importance of professional legal support cannot be overstated. Novo Solution offers comprehensive legal assistance, safeguarding your interests at every step.
• Extensive Services: From guiding through the initial stages of legal entity termination to handling the final aspects of company dissolution in Bulgaria, our services cover every aspect of the liquidation process.

Our clients can rely on our extensive legal expertise to navigate the complexities of liquidation, ensuring a smooth, compliant, and professionally managed process.

The final steps in liquidation are critical. Novo Solution ensures these are carried out precisely and adhere to legal requirements.

• Finalization Steps: The culmination of the liquidation process involves several critical steps. Our team ensures that all assets are appropriately distributed and that all legal formalities are meticulously completed.
• Company Register Removal: A crucial step is striking off the company from the Bulgarian Company Register, marking the end of its legal existence. We handle this process efficiently, ensuring all legal consequences are addressed.

Completing the liquidation process with Novo Solution means ensuring every detail is accounted for, marking a transparent and compliant end to your company’s legal existence.