| MEMBERSHIP
Benefits to Members
1. A virtual stamp of quality which identifies
the member as having achieved high standards of professional excellence,
as being knowledgeable on foreign investment issues and as having
a reputation for providing clients with high quality information
and services
2. Client base expansion through market visibility
via web-site promotion at events, internet information providers,
brochures and other relevant marketing materials
3. Market transparency
4. Free regular
distribution of a factsheet with economic and investment information
produced by the InvestBulgaria Agency
All members must meet the Qualifications
for Membership and observe the Code of Quality.
Qualifications for Membership
Organizations seeking to qualify for the BIIN
must demonstrate all of the following:
1. Substantial expertise in the member’s field
or profession with a proven internationally recognized education
degrees and certificates.
2. Substantial experience dealing with foreign
investments and/or business issues in an international context
with a proven track record of corporate existence and business
practice or professional experience of the senior management that
has lasted at least 5 years.
3. Employment of at least 5 professionals, and,
within the organization, written and oral fluency (individually
and/or jointly by the professionals employed within the organization)
in at least three languages (English being a must), other than
Bulgarian.
4. Offering to investors and businesses any
one of the following services relating to FDI in Bulgaria as a
substantial part of the entity or individual’s scope of work:
legal and/or management consulting, accounting, risk analysis,
general analysis, investment banking, stock management and educational/academic
services.
5. Reputation for integrity
and commitment to the highest standards of excellence in one’s
profession or business.
Code of Quality
1. Member commits to promote market transparency
and international standards of excellence in representing investors
in Bulgaria. “International standards of excellence” include,
but are not limited to, ISO certification, membership in reputable
international organizations, such as the Institute of Chartered
Accountants, the International Bar Association, correspondent
relationships with leading firms in other countries, and etc.
2. Member agrees to provide investment information
and services of the highest integrity, reliability and quality,
in accordance with international standards and/or respective sector’s
good practices to clients, their representatives, and other third
parties.
3. Member commits to help with “branding” Bulgaria
as a stable and an investor friendly country offering attractive
business opportunities to foreign and domestic investors.
4. Members commit to
expanding the membership by periodically (i.e. no less frequently
than annually) recommending qualified organizations for admission
in BIIN pursuant to the Application for Membership procedure.
Application for Membership
Organizations that seek to apply for BIIN membership
are asked to submit the following:
1. Company profile with a list of clients
2. Recommendation by a BIIN member
3. Recommendations by (or a note stating the
quality of provided services to) two international clients
4. A letter testifying how the organization
meets all of the Qualifications for Membership
New members are accepted on a vote of 2/3
of the membership and after signing the Letter
of Commitment.
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