Business
Starting operations and paying taxes as an owner after registering a company in Bulgaria
Registering a company in Bulgaria is relatively straightforward not only for Bulgarian citizens but also for foreign nationals. Once all the steps of company registration are complete, the question becomes when you must notify the tax authorities (National Revenue Agency, NAP) that the company is operating and, accordingly, when and which taxes must be paid.
Bulgarian HR policy: hiring and managing staff
Setting up your own company is only half the job. The next stage is finding and hiring staff, and here company directors face plenty of pitfalls worth knowing about in advance.
«Данък при източник» — what makes this tax so tricky?
Everyone doing business in Bulgaria is used to thinking that taxes here are low and that paying 10% on profit is enough.
Fines for businesses in Bulgaria
Doing business in Bulgaria is not only an opportunity to make a profit, but also a considerable responsibility. A company faces fines for failing to file reports or filing them late, and the amounts can be significant.
Employment contract or a DUK management contract?
Many foreigners open a company in Bulgaria and face the question of whether the company manager needs to be paid a salary and, accordingly, taxes on it. Let us look into this question.
Sole Trader in Bulgaria
In Bulgaria you can become a sole trader – this form of registration is called "едноличен търговец", or ET. What is required for sole trading, how does this form differ from others, and is ET registration available to Ukrainians with "временна закрила"?
Unable to open a business bank account in Bulgaria: solving the problem
Opening a bank account in Bulgaria has recently become extremely difficult: banks increasingly refuse this service to non-residents. What can be done in such a situation?
Income of a young company in Bulgaria: lawful ways to use it
When opening a company in Bulgaria, every entrepreneur expects it to generate income. However, it is not enough to wait for that exciting moment — the income also has to be handled correctly. Let us look at the common mistakes made by the managers of young companies and at the right ways to handle the money.
In-house accountant or accounting firm. Pros and cons
When setting up a company, every entrepreneur faces the question of accounting services. There are only two options: hire an in-house accountant or work with an accounting firm. Let us examine the advantages and disadvantages of both options.