Quick Answer The EU AI Act (Regulation (EU) 2024/1689) is the EU’s first comprehensive AI regulation. It entered into force on 1 August 2024 and applies directly in Bulgaria, with obligations phased in over time. It establishes a risk-based framework — most businesses will find their everyday AI tools carry limited or minimal obligations. The […]
Quick Answer An Ultimate Beneficial Owner (UBO) in Bulgaria is the natural person who ultimately owns or controls a company, typically through holding 25% or more of shares or voting rights, or exercising control by other means. UBO information must be declared in the Bulgarian Commercial Register and kept up to date under the Measures […]