Business
The Intrastat system: purpose, features, rules
Companies that sell and purchase goods within the European Union are monitored by the Intrastat system. Who does this concern, and what requirements are placed on companies?
Online sales through e-commerce stores from Bulgaria to EU countries
Many entrepreneurs do not want to limit themselves to Bulgaria and offer their goods to solvent buyers from other EU countries. What should businesspeople planning to trade with other European Union states through online stores know?
How to register a car in Bulgaria for export and subsequent sale in another country?
Cars in Bulgaria are relatively inexpensive (especially used ones), so many people consider buying a vehicle with a view to selling it later in another country. Let us look at what this involves.
Statute of limitations on debts to the National Revenue Agency (NAP)
Sometimes people only find out about their debts after their personal bank accounts are frozen. Other restrictive measures are also possible, for example seizure of a car.
Can a company in Bulgaria be transferred to another person if it has outstanding debts?
Closing a company in Bulgaria is quite difficult and time-consuming, so owners often choose a simpler option – transferring the OOD to another person. Is it possible to get rid of a company this way? Yes, it is, but if the company has any unfulfilled obligations (for example, unpaid loans), there is a risk of complications.
Opening accounts with Bulgarian banks
Foreigners in Bulgaria set up companies not only to do business, but also to buy land or register a car. A legal entity must have a bank account – this is one of the conditions for registering a company. At this stage many people run into difficulties.
ET registration — sole trader in Bulgaria
Bulgaria has a legal form similar to the sole proprietor (ИП) in Russia or Ukraine. It is the едноличен търговец, or ET. Let us look at the specifics of this legal form for small business.
What real activity is a trade representative office entitled to carry out?
The heads of trade representative offices are required to report on their activity and to plan it. If the reports look unconvincing, the certificate needed to renew a long-term residence permit may not be issued. So what activity is a representative office entitled to carry out, and how exactly should it be carried out?
Careful: accounting! What problems Russian-speaking businesspeople face in Bulgaria
Bulgaria is a great place to do business, but there is no room for complacency: not knowing local legislation can play a nasty trick on foreign entrepreneurs. What mistakes do Russian-speaking businesspeople in Bulgaria make most often?