News
Bulgaria implements MiCA: the crypto market comes under strict control
On 20 June 2025 Bulgaria took an important step towards regulating the crypto industry. The country's National Assembly gave final approval to the Markets in Crypto-Assets Act, which harmonises Bulgarian legislation with the European MiCA (Markets in Crypto-Assets) regulation.
Declaring accounts with fintech companies: what you need to know
If you hold accounts with Revolut, PayPal, Wise (Transferwise) or other fintech companies registered outside Bulgaria, it is important to know that they are subject to mandatory declaration with the Bulgarian National Bank (BNB).
Bulgaria's parliament to consider a bill under which private real estate transactions will be subject to VAT
Individuals carrying out real estate transactions in Bulgaria will have to register under the VAT Act. This will affect owners of land plots, as well as those who own an apartment in a new building less than 5 years from the date of its use permit.
Trade representatives in Bulgaria: the latest news
A trade representative office remains one of the popular grounds for obtaining a long-term residence permit in Bulgaria. For those who have decided to use it, there are two pieces of news. As tradition has it, one of them is good and the other is not so good.
Type D visa refusals after Bulgaria's accession to Schengen
After Bulgaria joined Schengen, obtaining a type D visa has become harder: it may be refused on suspicion that the foreigner does not plan to live in Bulgaria and intends only to travel around the EU.
Top news of spring 2024: the purchase of Tokuda Bank and changes in transaction procedures
On 3 May 2024 amendments to the Tax and Social Insurance Procedure Code (NOPK) came into force. In practice this means, among other things, changes to the procedure for buying and selling real estate and cars.
Draft law on foreigners in Bulgaria approved by the Council of Ministers
In recent months, foreigners who obtained a long-term residence permit on the basis of “Representative” have been anxiously awaiting amendments to the law…
Draft amendments to the ZChRB — the Law on Foreigners in Bulgaria — approved
The ZChRB, or Law on Foreigners, is the main document governing the lives of foreign nationals in the country. What changes are planned for it this time?
Information exchange in the EU: how it affects individuals
Since September 2023, accountants in Bulgaria have had more work: new declarations and reports now have to be filed. These changes also affect legal entities and individuals, whose income will now be monitored more closely.