News
Amendments to the Bulgarian Citizenship Act
On 26 February, amendments to the Bulgarian Citizenship Act were adopted. It has become easier to obtain citizenship by descent, and the requirements for investors and for those obtaining citizenship for special merits have changed. The changes also affected the time limits for reviewing documents.
New immigration service requirements in Bulgaria for property owners
Since February, new rules have been in force in Bulgaria: when submitting documents to extend a long-term residence permit, property owners must ensure that the address stated in the notarial deed matches the address in the state Property Register.
The NAP will receive information about online sales
A switch to electronic receipts for online shops and a new scheme for working with the National Revenue Agency (NAP) are planned. With each purchase, the information will go to the tax authority immediately.
The start of the 2021 tax campaign in Bulgaria
Having the understanding that for 2020 — post offices, delivery services, banks, etc.
Filing the Annual Financial Statement with the NSI in 2021
As of 1 January this year, the Annual Financial Statement (Годишен Финансов Отчет) can be filed with the National Statistical Institute (NSI) of Bulgaria.
Studios are set to be converted into residential premises: what this means for foreigners
Amendments to the spatial planning act are being prepared under which studios will be given the new status of housing. This is expected to push prices up.
Farewell to 2020: the year in review
2020 was a difficult year for everyone, including those living in Bulgaria. Let's review the year!
The Council of Ministers has approved a draft of amendments and supplements to the Value Added Tax Act
Attention, entrepreneurs! What changes to tax legislation are proposed?
Bulgarian citizenship can no longer be obtained through investment
Following the European Commission's final warning, Bulgaria has definitively abolished the option of "buying passports", i.e. obtaining citizenship in exchange for short-term investments.