DIY Small Business Bookkeeping: Pros and Cons
Small business bookkeeping in Bulgaria involves the recording, storing, and retrieving of financial transactions for a business. It is an essential part of managing a business’s finances and ensuring small businesses remain compliant with tax regulations. It is of vital importance to keep effective bookkeeping as it helps in tracking income and expenses, preparing financial […]
VAT registration Bulgaria: complete guide
Bulgaria first introduced the Value Added Tax in 1994. Since 2007, as part of the European Union, it complies with the EU directives for VAT. The National Revenue Agency, otherwise known as the NRA, is the authority in charge of administering VAT taxes and regulating VAT registration in Bulgaria. Companies trading in Bulgaria and supplying […]
Accountancy Bulgaria: your trusted tax advisor in Bulgaria
Why is it so important to count on the support of a tax advisor in Bulgaria if considering opening a company in this country, or even if you have an established business already? There are many reasons we will go through in detail, however, it is vital to mention that when choosing a tax advisor […]
Tax agent in Bulgaria: why you do need one before doing business in the country
There are many reasons for investors and entrepreneurs to consider doing business in Bulgaria. We will discuss the most important ones and detail the aspects that may be challenging, as well as why your business needs a tax agent in Bulgaria. With a stable financial environment, an advantageous tax system, and an array of opportunities […]
Certified public accountant VS normal accountant in Bulgaria: how to choose one
Entrepreneurs and investors looking to start a company in Bulgaria should consider seriously the matter of engaging the services of an accounting agency. An accountant or certified public accountant can become a strong ally in the process of setting up or growing a business in Bulgaria. When choosing an accountant in Bulgaria, there are a […]
5 reasons to hire a Tax Specialist in Bulgaria
As a business in Bulgaria, though most likely anywhere in the world this is valuable advice, you need to count on the support of a tax specialist. But why? There are many reasons, we will go into detail on the five most important ones to hire a tax specialist for your business in Bulgaria. And […]
Accountancy Services in Bansko for Digital Nomads
Digital nomads have chosen Bansko as one of the favorite places in Bulgaria for freelancers and remote workers, and a whole community with a particular culture has been created around this, transforming Bansko into a digital nomad hub. In fact, for the fifth year, the Bansko Nomad Fest is taking place in the city, celebrating […]
Capital gain tax in Bulgaria: investing in shares and financial instruments in Bulgaria
When talking about investing in shares and financial assets in Bulgaria, there is a lot to discuss as there are many advantages to this type of investment. Especially when it comes to capital gain tax. Financial transactions must be completed through a company as an intermediary, also known as a broker. In order to invest […]
What is the difference between EOOD and OOD Bulgaria?
When talking about company formation in Bulgaria, the most common kinds of companies that attract entrepreneurs are the EOOD and OOD. Both these companies have limited liability, meaning the shareholders are not personally liable for company debt and financial responsibilities. We will further go into detail about what each type of company is, what is […]
Commercial Act Bulgaria: the details
The Commercial Act Bulgaria is a document that establishes the different laws that regulate the incorporation, capital, and management of companies in Bulgaria. Entrepreneurs must abide by the Bulgaria Commercial Law, which is a set of rules that commands all business activities in Bulgaria and even defines the types of legal entities allowed to have […]