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NOTICIAS UIA

UIA Foreign Investment & Investment in Real Estate

Publicado el 26/3/2019

Seminar presented by the UIA in collaboration with the Supreme Bar Council (SBC) and the Sofia Bar Council (Sofia BC), with the support of RICS Spain

One of the main objectives of the European Union is the creation of an opportunity for free movement of people, goods and capital and real guarantees for this free movement. This objective is still relevant today and its achievement is one of the prerequisites for the development of the EU and of each member country. In times of globalization of the modern economy, the development of national economies in isolation, only in the territorial boundaries of the state, can not provide the necessary and expected by the people standard of living. That is why the European Union and each Member State are making efforts to create the necessary conditions for attracting foreign investment by creating an appropriate environment to stimulate and facilitate investment. Financial and economic incentives are not sufficient to attract foreign investment unless there is real legal stability - clear legal framework, transparent and predictable judiciary, real and consistent application of the rule of law in all spheres of public relations.

The purpose of the seminar in Sofia is to meet Bulgarian and foreign lawyers who consult companies investing in different countries within and outside the EU to share their experience about the incentives and problems for foreign investment and the way they deal with the problems.

In the second part of the seminar we will pay particular attention to investment in real estate. We will share experience and make a comparative analysis of the legislation of the foreign investment regime in Bulgaria and other EU countries as well as in non-EU countries. Lecturers will be lawyers from Spain, Greece, Brazil, Bulgaria and other countries who have real practical experience in foreign investment. Representatives of the Bulgarian Investment Agency, the Ministry of Economy and other state bodies as well as representatives of the business - the Association of Commercial Banks in Bulgaria and the Industrial Capital Unions in Bulgaria will take part in the seminar.

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