BULGARIA Law and Practice Contributed by: Marin Sarafov, Petya Norova, Iva Georgieva and Eduard Milchev, G&P Law
So far, Bulgaria has managed to maintain its position as a favourable investment location due to its: • EU presence;
• The Bulgarian competition law framework has recently undergone significant reform following amendments to the Bulgarian Competition Protec - tion Act, which came into force on 26 June 2026. The principal developments are expected to arise from the interpretation and application of the new provisions by the Commission for Protection of Competition and the Bulgarian courts. • The intellectual property sphere is to undergo further legislative amendments due to the heavy usage of AI in all spheres of business. • Principal developments in personal data protection are expected to result from the evolving European digital regulatory framework, including the progres - sive application of the AI Act, the Data Act and the Data Governance Act.
• low corporate tax; and • investor-friendly reforms.
However, fast-paced industries such as fintech and crypto still rely on the approval of government regula - tors (even after the Markets in Crypto-Assets Regula - tion (MiCA) entered into force), which are generally conservative. In detail, the following legislative reforms are expect - ed: • Both FDI screening and merger control remain dynamic topics, being the latest spheres to under - go legislative amendments. • Corporate law is expected to expand by imple - menting the EU-Inc form, but the timing of this is uncertain. • Employment law-related legislative developments are likely to continue to be driven by the implemen - tation of EU initiatives and evolving labour market practices, particularly in relation to platform work and pay transparency. • Tax is not expected to change much, other than in terms of annual increases in the amounts of social, pension and health securities due.
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