For the realization of a cosmetic product on the EU market you need the following documentation: Availability of record of the cosmetic product containing acc. Article 11 of Regulation 1223/2009 G: Product Description Method of production / + GMP declaration Safety Report Information on animal testing A report on the safety of a cosmetic product according to Annex I of Regulation 1223/2009, are made based on product documentation that includes at least the following: Qualitative and quantitative composition INCI / recipe / product; Product Specifications, physicochemical and microbiological / protocol analysis, incl. analysis of heavy metals – As, Hg, Pb, Cd /; Specifications and Safety Data Sheets / Safety Data Sheets – SDS / all the individual components of the product, perfume compositions and essential oils (if any composition) -Besides SDS, list of quantitation of allergens in SC; Minimum durability / + protocol stability * /; Producer / least country of origin for products imported from outside the EU /; Method of production / + S to follow the principles of good manufacturing practice of cosmetic products (Cosmetics GMP- Cosmetics Good Manufacturing Practice) by the manufacturer / supplier of the product. The label of the product (acc. Art.19) – creatives […]
Registration of NGO in Bulgaria – foundations and associations, private and public benefit.
There’s two types of non-profit legal entities (NGOs) – associations and foundations are envisaged in the Bulgarian legislation. In addition, the Juridical Persons with Non-Profit Purposes Act (JPNPA) also provides for two different statuses under which any association or foundation can exist: status in private benefit and public benefit status. The decision on which of the two statuses to be held by each organisation is taken by himself by the particular NGO (by its founders or by its supreme body). When choosing the purposes, activities and status of the organisation for public or private benefit, the two types of NGOs are fully level. NGO’s cannot carry out commercial activity. Non-profit-making legal entities may engage in additional business only if this activity relates to the subject-matter of the principal activity for which they are registered and provided they use the proceeds of the additional business to achieve the objectives set out in the statutes. The commercial activity is subject to the conditions and the order determined by the laws, which regulate the corresponding type of commercial activity. These legal entities do not distribute profit from any activity. Public or private benefits Each NGO is obliged to identify as an organisation for […]
Liquidation procedure of a company in Bulgaria
The liquidation procedure is settled with provisions of the Commerce Act and some special laws and is one of the legal methods established by law for discontinuation the activity of a trader. It describes the means of converting the assets of as commercial company into cash, satisfying debts to creditors and distribution of remaining property according to existing liquidation shares, winding up legal subjects and this deletion from the Commercial Register. Liquidation is out-of-court procedure. It is always a result of the discontinuation of the activity of the trader. The law prescribes the voluntary liquidation that has three stages: Stage 1 – Announcement for winding up, registering the liquidator 1. Decision for liquidation The decision is taken by the general meeting of the Joint stock company and agrees the term for completing the liquidation procedure and the appointment of liquidator of the company. Normally the executive manager is appointed as a liquidator of the company. The decision of the general meeting regarding the liquidation of the company takes immediate action. The respective entrance made in the Commercial register in essence serves as a declaration of these circumstances and as a proof. After the decision is entered the name of the […]
Car transfer to Bulgaria
The documents required for initial registration of motor vehicles in Bulgaria are as follows: Application for registration; Ownership documents – a contract for the purchase of the car (the contract should be elaborated bilingual in Greek or English and Bulgarian language) Diagnostic technical sheet of the vehicle certifying that the vehicle is in good shape; ‘Liability Insurance”, issued by an insurance company. Power of attorney for the authorized person to make the registration in the Bulgarian Traffic Police. The car should be registered within 14 days after the signing of the purchase contract before the Bulgarian Traffic Police. Since 2008 before the registration of the car in Bulgaria an additional “eco tax” should be paid. In order to calculate the exact costs we need to have additional information for the car, that is: type, model, year of manufacture, type of the engine, engine power. The costs that should be paid to the Traffic Police for the registration of the car are about 120 euro and include the new car plates and the inspection of the car. Additional cost shall be necessary for the “eco tax” and the insurance for accident liability, but the exact amounts dependo in the specification of […]
Performance of a “transit sale” through a Bulgarian Commercial Company
1. The Bulgarian legislation gives the opportunity to perform transactions related to the so called “transit sales”, whereas a Bulgarian company (the intermediary trader) enters into Contracts for the purchase of goods from a company in an EU country-member (the supplier), and, for the sale of those goods to a company in a country outside the EU (the receiver), whereas the goods are transported directly from the country of the supplier to the country of the receiver without passing through Bulgaria ( the country of the intermediary trader). In the studied case there are several separate trade transactions between the following commercial companies: “А” – the supplier of goods, registered under the VAT System in France “B” – the intermediary trader/ Bulgarian company registered under the VAT System in Bulgaria “С” – the ultimate receiver/consignee of the goods in Ukraine, a country which is not an EU member The ‘transit sale’ for VAT purposes are performed as follows: Company “А” sells the goods to company “B” and issues an invoice to “B” subject to the transaction. The goods leave the territory of France, rather, they are transported from “A” for the account and on behalf of “B” to “C” outside […]