Kamen Shoylev
Managing Partner
He has a wide experience in transactional, advisory and contentious matters in various sectors and geographic markets, having lived and worked in Russia, Japan and Saudi Arabia as well as Bulgaria and the UK. He is fluent to a native standard in English, and also uses professionally Russian, German, Italian and French.
As a barrister (and in a separate capacity to NBLO), Kamen appears in the High Court of England and Wales and advises or represents in particular on matters with a cross-jurisdictional element.
Kamen is a member of the International Bar Association, Bar European Group, Intellectual Property Institute, the Investment Migration Council, and is a mentor to startup companies through Europe’s largest accelerator, Seedcamp.
Qualifications: Ma. Law — Cambridge University
Languages Spoken: Bulgarian, English, Russian, German, Italian and French
Office Location: London and Sofia
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Citizenship and Immigration
Bulgarian Citizenship and Immigration Strategic advice on Bulgarian and EU residence, citizenship and mobility We advise individuals and families planning for their future, their mobility and their legacy. Immigration and citizenship matters are often complex, sensitive and deeply personal. Our role is to guide clients through every stage of the process with clarity, discretion and […]
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Employment
Overview New Balkans Law Office advises both individuals and businesses on the full spectrum of employment law matters arising in Bulgaria. Our team brings rigorous knowledge of Bulgarian labour legislation alongside an awareness of the international standards and frameworks that increasingly shape the modern workplace. Whether acting for a multinational employer navigating local compliance obligations […]
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Business Immigration
Overview International business today operates across borders, and companies increasingly require mobility solutions for their people as well as their capital. Bulgaria is a small and open economy whose labour market benefits from a steady flow of human capital in many directions. When businesses expand internationally, relocate staff or recruit talent from abroad, immigration and […]
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Corporate Tax
Tax policies and corporate tax regulations are always of strategic importance to our clients in conducting their business and investment. Tax is a major concern for all businesses and individuals. There are tax related aspects in each transaction and business venture, both at the stage of its structuring and set-up, as well as in the […]
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Insolvency and Restructuring
Overview We assist and advise Bulgarian and international clients on insolvency, corporate restructuring and distressed situations involving Bulgarian entities or assets. In this regard we help creditors, debtors, shareholders and investors protect value, manage risk and navigate Bulgarian insolvency and stabilisation procedures in a focused, commercial and time‑sensitive way. Drawing on strong corporate, finance and […]
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Startup Desk
Startup Desk now offering NBLO’s Startup Pro Bono Legal Advice Clinic Programme Our 15 years of industry experience have consistently proven the importance of legal due diligence at the early stage of business development. A solid legal foundation is key to long-term business success by: safeguarding against personal liability protecting your ideas and intellectual property […]
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Venture Capital
Overview Bulgaria has become an increasingly attractive jurisdiction for venture capital and technology growth investors. New Balkans Law Office (NBLO) has been actively involved in the development of the venture capital ecosystem in Bulgaria from its early stages. NBLO is an early member of the Bulgarian Venture Capital Association (BVCA). Through the BVCA, we regularly […]
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Fintech
Bulgaria’s fintech sectors is fast-growing and innovative. Thanks to exceptional talent, domestically founded companies have become globally competitive actors. Our lawyers are highly knowledgeable about the legal challenges of dynamically changing fintech market. Our commercially minded lawyers deliver high-quality advice on how to effectively safeguard your business and profits. We at NBLO offer a number […]
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How to Open a Bank Account in Bulgaria as a Foreign Business
In this article, we provide an overview of the criterion that overseas incorporated businesses must generally fulfil in order to open a bank account in Bulgaria. We have restricted our analysis to organisations that are structured as companies or corporations in their home jurisdiction. Although Bulgarian law tends to recognise the legal forms of other […]
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Section 44 of the Arbitration Act 1996 Reframed: Court Orders Against Third Parties (Part III) – Cross-border, Procedure and Risk Management
This final article in our three-part series examining section 44 of the Arbitration Act 1996 focuses on cross-border relief, procedure and risk management in light of the changes introduced by the Arbitration Act 2025. Part I provides an overview of the statutory framework and legislative intent, and Part II analyses the strategic and evidential considerations […]
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Section 44 of the Arbitration Act 1996 Reframed: Court Orders Against Third Parties (Part II) – Strategic and Evidential Considerations
In this second contribution to our three-part series on section 44 of the Arbitration Act 1996, we examine the key case law shaping the provision’s interpretation and practical use. Part I sets the scene by explaining the statutory framework and the changes introduced by the Arbitration Act 2025, while Part III considers procedure, cross-border relief […]
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Section 44 of the Arbitration Act 1996 Reframed: Court Orders Against Third Parties (Part I) – Overview
This article is the first in a three-part series examining the scope and operation of section 44 of the Arbitration Act 1996 following the changes introduced by the Arbitration Act 2025. It provides an overview of the statutory framework and legislative intent, outlines the principles underpinning the English courts’ powers to support arbitral proceedings, and […]
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Bulgaria’s Labour Migration Act Amendments: Higher Quotas and Employer Mobility for Third-Country Nationals
The Bulgarian Ministry of Labour and Social Policy has published a draft Bill amending the Labour Migration and Labour Mobility Act (Закон за трудовата миграция и трудовата мобилност, “LMLMA”). The public consultation ran from 8 to 22 January 2026 on the Council of Ministers’ public consultation portal. Below we outline the two changes most relevant […]
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Purchasing and Selling Real Estate in Bulgaria Using Cryptocurrency
In recent years, Bulgaria has seen increasing interest in real estate transactions using cryptocurrency as full or partial consideration. This reflects global trends in digital asset adoption but engages a complex intersection of property law, financial regulation, anti-money-laundering (AML) compliance, and taxation. Although possible, such transactions require adherence to strict legal and regulatory standards. They […]
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Proposed Pension Fund Reforms to Enable Alternative Investment Fund Investments
The Bulgarian Venture Capital Association (BVCA), of which NBLO is a long-standing associate member, has submitted a position paper to the Ministry of Finance regarding proposed amendments to the Social Security Code, published for public consultation on 17 December 2025. The draft legislation is intended to expand the ability of Bulgarian pension funds to invest […]
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Donations for Establishing Private Benefit Foundations: Evidence Requirements and Collection Accounts
The establishment of a foundation in Bulgaria represents a specific procedure that requires the provision of property through donation. Unlike associations, which are based on membership, foundations are created with a unilateral founding act of donation. When establishing a private benefit foundation, the founder must familiarise themselves with the specific requirements for different types of […]
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Company VAT Registration Under Bulgarian Tax Law
In this note, we review key VAT registration requirements applicable to companies under Bulgarian law. We do not address other categories of taxable entities such as partnerships, foundations, individuals engaged in taxable supplies or state-owned enterprises. Companies represent the predominant vehicle for business activity in Bulgaria and the registration rules applicable to them form the […]
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Guide to Establishing Business Operations in Japan for European Startups
This guide outlines essential information for establishing a company in Japan or offering tech products to the Japanese market. Due to the stable economy and innovation Japan’s business environment offers significant opportunities. Type of companies Japan’s Companies Act defines four main types of corporate structures, each with distinct characteristics suited to different business needs. Kabushiki […]
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NBLO Participates in BESCO Initiative to Enhance Incentives for Angel Investors
As a law firm specialising in corporate and technology law, NBLO is proud to have recently participated in an initiative of the Bulgarian Startup Association (BESCO), advocating legislative amendments and tax benefits for angel investors in Bulgaria. The initiative aims for a more favourable environment for angel investment in Bulgaria. As part of a working […]
