Our Terms & Conditions

Terms and Conditions

1. This agreement relates to company formation services, annual services or other related services (jointly and severally referred to as the “Service”).
2. Parties to this Agreement are Slavchev and Vasilev Law Firm, as stated on the invoice or order confirmation, (“Slavchev and Vasilev”) and the individual or legal entity placing the order, (the “Client”). Where the Service relates to a company formation, annual address or company secretary services to such companies or a trademark registration or trademark monitoring, any Company to which these services are offered and the person placing the order are liable in solidum for the contractual obligations under this agreement, including but not limited to payment.
3. An order is binding when the Client sends an order form to Slavchev and Vasilev, when these terms and conditions have been accepted by electronic approval in an online form, by explicit email confirmation or when placing an order by phone. An order is binding under this Agreement, even if all necessary information to complete the Service has not yet been given by the Client. Orders with missing information remain binding and the Client acknowledges that Slavchev and Vasilev will only complete the order when all the correct information has been provided. Slavchev and Vasilev will notify the Client if any further information is required, or if any information provided has not been accepted by the authorities in the countries where registration will take place. Slavchev and Vasilev retains the right to decline any order without stating a reason, provided that a full refund is given to the Client.
4. The Client accepts electronic communication and storing of documents and information.
5. The Service shall be paid for in advance according to prices set by Slavchev and Vasilev. If a Service is not paid, or if a service paid by card, cheque or in any other manner, is withheld or cancelled, or for any other reason not properly paid to Slavchev and Vasilev, the order is still binding, and a proper payment shall be made immediately. In case of late payment, penalty interest and penalty fees shall apply according to law and common practice.

• • 5.1 Payment shall be made by debit or credit card through a virtual pos terminal provided by DSK Bank AD or via Pay by Link.
  • 5.2 Types of cards accepted: debit, credit and business cards Visa or MasterCard.
  • 5.3 Transactions are carried out through the security programs – MasterCard Identity check and VISA Secure.
  • 5.4 In terms of security, the maximum amount you can pay by card is BGN 2 000 or its equivalent in other currencies such as EUR or USD.
  • 5.5 Slavchev and Vasilev do not store bank card details used for payment via the site and the virtual pos.
  • 5.6 In case of cancellation or other termination of the order, the refund is made on the same card used for payment
  • 5.7 Slavchev and Vasilev may issue additional invoices for any meetings with the Client, or for special forms, documents or other extraordinary services requested by the Client, not forming a part of the standard Service as initially discussed when placing the order. In addition, large quantities of copies, courier services or similar, requested by or offered with the consent of the Client, may be charged extra. The Client shall receive prior information of such additional costs.

6. Neither Slavchev and Vasilev, nor Slavchev and Vasilev’s employees, agents or representatives, can give binding assurances regarding the processing time of forms or registrations, as such processing times rely heavily on the performance of services of government bodies or third party agencies. Similarly, no such person can provide binding assurances that certain company names or trademarks are available for registration. If a registration of a company is refused, Slavchev and Vasilev will notify the Client, who will amend or alter the registration request. If a trademark registration is refused by the registrar, Slavchev and Vasilev will offer a new registration for a different mark at cost. The Client is aware that government and public fees paid for an unsuccessful trademark or company registration are not normally refunded by the government body.

• • 6.1 A binding order cannot be cancelled, even if the preferred company name or trademark is not available or the registration was refused for other reasons related to the Client or which may reasonably be rectified, amended or altered by the Client. Under no circumstances shall such aforementioned persons be held liable if a registration of a company or trademark violates third party rights, and the Client agrees to fully indemnify Slavchev and Vasilev and its agents and employees.

7. The Client agrees to provide Slavchev and Vasilev with all relevant information and data relating to the performance of the Service – including but not limited to the Client’s contact details. The Client indemnifies Slavchev and Vasilev for any claim or loss caused by lack of proper information provided by the Client, including the proper information about filing deadlines.

• • 7.1 The Client understands and agrees that Slavchev & Vasilev is an obligated person under the Anti-Money Laundering Act, pursuant to which it must collect, verify and store certain information about the Client. The Client agrees to provide such information and relevant documents voluntarily, ensuring that the same are provided in their entirety and as requested by Slavchev and Vasilev.
  • 7.2 The Client shall complete all forms to the best of his ability, and warrant that all information provided is correct and up to date. The Client is aware of, and has familiarised himself with, all personal liabilities that may arise from such positions as director, company secretary, shareholder or any other position related to the forming and operation of a company, in any relevant jurisdiction. The Client confirms that he has also familiarised himself with other consequences of the formation of his company, including all tax implications, and has sought the necessary professional advice required to form an educated decision to proceed with any such company formation, and confirms that he has not relied solely on information or advice offered by Slavchev and Vasilev.

8. Slavchev and Vasilev’s liability for any fault or defect in the performance of the Service is limited to the remuneration received under this contract. Slavchev and Vasilev has no liability for indirect or consequential loss, or loss related to changes in law or public regulation.

• • 8.1 The Client shall hold harmless against and indemnify Slavchev and Vasilev’s employees, for any loss caused to any third party relating to the performance of the Service, or the fact that the Service could, for any reason, not be performed.

9. The Client confirms that any company formed, shall not be used for illegal purposes. The Client is familiar with the fact that Slavchev and Vasilev may be bound by law to report suspicions of money laundering or illegal activities.
10. If the Service includes Company Secretary services, Slavchev and Vasilev shall directly offer a corporate body or an individual for that role, or provide any such corporate body or individual through a partner, agent or subsidiary. The Client shall under all circumstances, remain liable for all government fees, taxes and penalties.

• • 10.1 Slavchev and Vasilev can at any time, terminate this Agreement without reason, provided that a proportionate part of the annual fee charged is refunded to the client.
  • 10.2 Without any refund, Slavchev and Vasilev may terminate this Agreement or any part of it, if Slavchev and Vasilev at its sole discretion suspects that the Client is involved in activities that are illegal, immoral, or may cause damage to Slavchev and Vasilev’s reputation.
  • 10.3 Slavchev and Vasilev shall provide the services mentioned in this section within the standard filing deadlines set by Bulgaian authorities. If the Client’s signature is required, Slavchev and Vasilev shall approach the Client in reasonable time, so that a signature may be provided prior to the filing deadline, but in such cases or any other case where Slavchev and Vasilev cannot without the Client; or a third party signature or other contribution complete the filing, Slavchev and Vasilev shall not be responsible for the filing deadline itself being met.

11. The Client shall keep Slavchev and Vasilev updated on any changes to company and personal details, including changes to company name, changes of directors or directors’ details, changes to direct and beneficial owners and all other relevant changes. The Client shall also always provide Slavchev and Vasilev with updated contact details, including a phone number and a valid email address. The Client is aware that Slavchev and Vasilev Ltd may, at its sole discretion, decide to send documents and notifications entirely by email or other electronic means, or to notify or attempt to notify the Client of issues relating to the Service solely by phone.
12. If the Service includes changes to company details, such as transfer of shares, change of director or director details, change of company name or any other similar change, Slavchev and Vasilev shall provide the Client with such forms and documents as necessary to register the changes, and / or complete such changes through electronic filing. Slavchev and Vasilev will complete or attempt to complete forms based on the information provided by the Client, and is not liable for any loss or damage caused by incorrect or incomplete information being provided by the Client. The Client shall indemnify Slavchev and Vasilev against any loss caused by such incorrect or incomplete information
13. If the Service includes assistance with company liquidation, the Client is aware of the consequences of such liquidation and the particular problems and risk of loss that such actions may cause.
14. Where the Service is, in part or full, an annual or recurring service, this agreement will be automatically renewed for another term, provided a notice of termination has not reached Slavchev and Vasilev more than 60 days before the renewal date. The Client shall pay such service by debit or credit card.
15. Subject to injunctions or any court or binding government order, Slavchev and Vasilev shall observe client confidentiality relating to all sensitive Client details, provided such details are not already publicly available. This confidentiality shall be observed both during and after the service period. Slavchev and Vasilev reserves the right to assist the police and any similar government body with information and copy of documents during any investigation.
16. The Client is aware that Slavchev and Vasilev may not be incorporated as a legal entity in the jurisdiction of the Client and may not operate from a regular place of business in this country.
17. Any disputes arising from these terms and conditions will be resolved by negotiation and conciliation. If this proves impossible, the parties agree that the competent court to resolve the dispute will be the competent Bulgarian court, which will resolve the case under Bulgarian law. Bulgarian law shall apply to any matter not settled herein.
18. Delivery times vary from product to product, which can take from 1 to 30 days, depending on third party registrars and banks. The speed of delivery also depends on how quickly the customer provides the documentation which is required by Slavchev and Vasilev to complete the order.

Company Name: “Slavchev & Vasilev” Law Firm (Адвокатско дружество “Славчев и Василев”)

Company Address: 14, Antim I Str., fl. 2, Sofia 1303, Bulgaria.

Registration No. 205676333

Last T&C update: 16.09.2024