Business
Liquidation of an OOD (LLC) or EOOD (single-member LLC) in Bulgaria
Closing a company in Bulgaria is considerably harder than opening one. For many people this comes as a surprise. Let us look at the company closure procedure in detail.
A few reasons why the National Revenue Agency (NAP) audits companies
A tax inspector appearing on the doorstep rarely bodes well for a company owner. To reduce the risk of unexpected audits to a minimum, we recommend reviewing the list of the main grounds for such inspections.
What you risk by not knowing Bulgarian law when doing business
Many immigrants choose to register a company in Bulgaria to run a business or simply to buy cars and land plots. In both cases you need to work with an accountant. An experienced specialist will keep you from making mistakes and will advise you how to act in order to avoid fines.
Business in Bulgaria: is it really that simple? A message to immigrants.
How and in what direction should you develop? What will you face along the way and how do you overcome difficulties in a country that is still unfamiliar, with…
Registering a car to a company: why and who needs it?
Many foreigners living in Bulgaria or coming here from time to time register companies specifically to buy a car. Today this is considered the most advantageous way to acquire a vehicle.
Corporate income tax in Bulgaria: you won't find lower
For doing business, the level of corporate taxation in the country where that business is run is extremely important. There is an official ranking of corporate income tax rates in all European countries, including Russia. The highest rate of this tax is in France, at 38%.
VAT Registration: Why? When? Is It Mandatory?
Accounting for legal entities in Bulgaria is kept in accordance with the international GAAP system. Some taxes (for example, corporate tax or payroll tax) are paid by all companies. Value added tax (VAT, or ДДС in Bulgarian), which is 20%, is paid by companies that are registered for VAT.