Fines for Violations of Accounting and Tax Regulations in Bulgaria
Violations of accounting regulations in Bulgaria can lead to severe financial and criminal penalties for both individuals and companies. Therefore, understanding the regulations before company formation in Bulgaria is essential to avoid legal issues and fines. In this article, we will examine the main penalties for accounting violations in Bulgaria and provide useful advice on […]
Freelance in Bulgaria: Essential Legal Aspects for Digital Nomads
Digital nomadism is revolutionizing the way we work and live, offering unprecedented freedom and flexibility. Bulgaria is becoming an increasingly popular destination due to its affordability, spectacular landscapes, and rich, diverse culture. However, it’s essential to understand the legal aspects before starting to freelance in Bulgaria or start a company in Bulgaria. This article explores […]
How to Set Up and How a Joint Stock Company Works in Bulgaria
A joint stock company (“JSC” or “AD”, in Bulgarian “АД”) in Bulgaria is one of the most common forms of capital companies in Bulgaria. It is a company characterized by capital divided into shares, ideal for raising capital from multiple investors. Joint stock companies are particularly suitable for large businesses that require a broad financing […]
Bulgarian Accounting Act: New Rules and Obligations
The amendments to the accounting Act, effective retroactively from July 6, 2024, introduces significant new obligations for businesses, including sustainability reporting, raising thresholds for business category classification, and mandatory financial audits for certain companies. These new provisions affect anyone who has company registration in bulgaria. Bulgarian Accounting Act: Sustainability Reporting One of the main innovations is […]
All Business Opportunities and Investments in Bulgaria
Bulgaria is emerging as a strategic destination for international investors due to its growing economy, favorable tax policies, and advantageous geographical position. Located at the heart of the Balkan region, Bulgaria offers a stable economic climate, a competitive labor market, and a range of incentives to attract foreign investment. The country has demonstrated strong adaptability […]
Bulgarian Startup Scene: Why It’s So Favorable
The startup scene in Bulgaria is bustling, marked by impressive growth and ongoing innovation. This ecosystem is fueled by a combination of favorable factors, such as the country’s strategic location, access to exceptional talent, and a range of supportive government initiatives. These elements make Bulgaria an attractive place for both local and international entrepreneurs, as […]
7 Reasons to Relocate a Business to Bulgaria
Bulgaria is rapidly becoming a preferred destination for many entrepreneurs seeking a cost-effective and strategic solution for their businesses. This country offers numerous advantages, both fiscal and operational, making it an ideal choice for those looking to start or relocate a company. Here are seven key reasons why start a company in Bulgaria might be […]
How to start a Sole Proprietorship (ET) in Bulgaria
Launching a Sole Proprietorship (ET) in Bulgaria offers a straightforward and adaptable pathway for freelancers and small business operators looking to carve out a niche in the local market or starta company in Bulgaria. This extensive guide will provide you with nuanced insights into the prerequisites, the step-by-step registration procedures, and the tax obligations necessary for […]
How to set up an LLC in Bulgaria
The process of establishing a Limited Liability Company (LLC) in Bulgaria has become an increasingly popular route for foreign entrepreneurs seeking to enter the Bulgarian market and open a company in Bulgaria. Known locally as OOD (for multiple owners) or EOOD (for single ownership), this business structure provides a combination of limited liability protection, flexibility in […]
Accounting for Small Businesses in Bulgaria: What to Know
If you want to start a company in Bulgaria or a small business, precise and compliant accounting is essential to ensure the growth of your business. Accounting for small businesses in Bulgaria can seem complex, especially due to specific regulations and bureaucratic deadlines to meet. Therefore, it’s crucial to have a thorough understanding of local […]