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![Draft Revisions Introduce Accelerated Liquidation of Defunct Companies]()
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site.btaDraft Revisions Introduce Accelerated Liquidation of Defunct Companies
Currently, the voluntary liquidation of a business in Bulgaria takes nearly a year, the procedure is lengthy and costly. At the same time, between 30,000 and 50,000 new legal entities are created per year, with more than 90% of start-ups failing in the initial steps.
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