List of Legislations >LAW OF THE SPECIAL INVESTMENT COMPANIES

LAW OF THE SPECIAL INVESTMENT COMPANIES

Subject of activity

Art. 4. (1) The special investment company may carry out the following transactions:
1. raising resources by issuing securities;
2. purchase of real estates and real rights on real estates, carrying out construction and
improvements for the purpose of ceding them for management, renting, leasing or leasehold and
their sale, or sale-trade of receivables.
(2) The special investment company may not carry out other commercial transactions than those under para
1 and the directly related, unless allowed by this law.
(3) The special investment company may not acquire real estates or receivables subject to a legal dispute.
(4) The real estates acquired by the special investment company shall be located on the territory of the
Republic of Bulgaria.
(5) The receivables acquired by the special investment company shall be:

1. from local persons;
2. not subject to enforcement.
(6) A special investment company may secure only real estates or only receivables.