Archive for February, 2016

BOYANOV & Co. co-hosted a Business Breakfast on Topic “2016 – Challenges in the Field of Taxation” at Radisson Blu Grand Hotel

Wednesday, February 24th, 2016

On 24 February 2016 in collaboration with the American Chamber of Commerce in Bulgaria (AmCham), the British Bulgarian Business Association (BBBA) and the Indian Bulgarian Business Chamber (IBBC), BOYANOV & Co. co-hosted a Business breakfast to discuss the important tax changes of 2016 and make recommendations with respect to their practical implementation and day-to-day tax compliance.

The main focus of the joint presentation with senior officers from the National Revenue Agency (NRA) was the treatment of the new “Weekend Tax”, the Foreign Account Tax Compliance Act (FATCA) rules, compliance with the EU tax legislation and Directive 2014/107/EU concerning the mandatory exchange of information in the field of taxation and their application in Bulgaria, and related OECD Common Reporting Standard rules.

Mr. Ivaylo Angelov, Senior Associate at BOYANOV & Co. specialising in tax, presented an overview of them and along with the NRA officers discussed their practical aspects.

The event evoked strong interest among the taxation experts and was attended by more than 100 representatives of local and foreign businesses operating in Bulgaria.


The Indian-Bulgarian Business Chamber (IBBC) has been Officially Inaugurated in the Presence of Minister Loukarsky and H.E. Mr. Rajesh Kumar Sachdeva, the Ambassador of India to Bulgaria

Tuesday, February 16th, 2016

16 February 2016 marked the official launch of the Indian-Bulgarian Business Chamber (IBBC). The ceremony, held at UniCredit International Centre in Sofia, was opened with a welcome address by Mr. Borislav Boyanov, the first IBBC Chairman.

Mr. Boyanov presented the mission and objectives of the new business organisation dedicated to develop bilateral economic relations between India and Bulgaria.

Mr. Bojidar Loukarsky, Minister of Economy, and H.E. Mr. Rajesh Kumar Sachdeva, Ambassador of India to Bulgaria and Honorary Co-Chairman of IBBC, were guests of honour to the event. They welcomed the incorporation of the Chamber at a time India is actively stepping into the world markets and various business opportunities are emerging.

The huge potential of India, ranked among the four world’s fastest growing economies and first most attractive destination for investors, was shown in a presentation “Make in India”. Attendees also heard a success story of a software product made in Bulgaria and presented to the Indian government by Mr. Bill Gates.

The celebration event attended by over 90 governmental officials, leading entrepreneurs and bankers continued with a cocktail reception.

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BOYANOV & Co. is Among the Founders of the Bulgarian Venture Capital Association (BVCA)

Friday, February 5th, 2016

BOYANOV & Co. together with six Bulgarian venture and private equity funds (BlackPeak Capital Partners, EMP Invest Bulgaria, Launchub Advisors, Eleven Bulgaria, NEVEQ Capital Partners, Rosslyn Capital Partners Bulgaria) took the initiative for the establishment of the Bulgarian Venture Capital Association (BVCA).

The purposes of BVCA include support to Bulgarian small, medium and large enterprises, which seek and need equity investment, and contribution to the development of the Bulgarian investment capital (private equity and venture) and to the professional development of the investment activity of involved funds and investors.

Appointed Chairman of the Management Board of BVCA is Mr. Evgeny Angelov, Advisor for Economic Development and Innovation of the President of the Republic of Bulgaria, and Mr. Borislav Boyanov Managing Partner of BOYANOV & Co. was elected Member of the BVCA Management Board.

Guide on Age Discrimination in Europe

Friday, February 5th, 2016

BOYANOV & Co. contributed to the reference guide regarding age discrimination in Europe, published by Lewis Silkin in association with Ius Laboris, the international alliance of employment law specialists at, the main resource of information on age discrimination issues in the UK and internationally.

The guide sets out the basic principles of age discrimination laws in 22 European jurisdictions providing a reference sheet for each country with an overview of the structures of the applicable legislation.

The summary of age discrimination legislation in Bulgaria, written by Mr. Radoslav Alexandrov, Senior Associate at BOYANOV & Co., offers an extensive analysis of current legislation and the specifics of anti-discrimination protection in Bulgaria.

To access the age discrimination guide on Bulgaria, please visit:

Borislav Boyanov Reveals the Secret behind the Remarkable Success of BOYANOV & Co. following the Firm’s 25th Anniversary

Tuesday, February 2nd, 2016

In an interview for the prestigious magazine for business and economic analyses in Bulgaria, Economy, Mr. Borislav Boyanov, Managing Partner of BOYANOV & Co. reveals the formula for achieving the success and reputation of BOYANOV & Co. over its 25 years of service.

Highlighting the fundamental importance of the human factor in a first-rate law firm, Mr. Boyanov noted that “People are our most valuable asset”. The carefully selected and balanced team of BOYANOV & Co. is composed of ambitious young associates and experienced lawyers who all share common values. “We perform together like a big tuned orchestra and each one has its own important place”. Mr. Boyanov is convinced that the winning combination turning BOYANOV & Co. into a market leader and receiving high recognitions as the one from The Lawyer “Law Firm of the Year: Eastern Europe and the Balkans” is the excellence of its professionals, the quality service, knowledge and experience, and zero tolerance to compromise with ethics or moral.

In the globalized business Mr. Boyanov sees challenges providing opportunities to acquire further knowledge on legal affairs, economy, culture and much more. Since the very beginning in 1990 BOYANOV & Co. has constantly been engaged by large international companies and collaborated with law offices and specialists from all over the world. Through The South East Europe Legal Group (SEE Legal),the unique network of regional law firms providing integrated legal services, initiated by BOYANOV & Co. 13 years ago, the firm maintains international contacts and exchanges updates on legislation and economy with partners around the globe.

Nevertheless the complications Mr. Boyanov is optimistic about Bulgarian economy, judging by the expedited rate of EU funds absorption, growing export, and Bulgaria’s ranking as a world top destination for IT and outsourcing business. However, he underlines the major importance of the correlation between an efficient judiciary and business environment, as legal complications hamper both ordinary citizens and large investors, he says. “Each step leading towards independence, transparency and supremacy of the law should be supported and upheld, since the efficient administration of justice is an inseparable component of the good business environment.”

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