Blog on living and doing business in Bulgaria
Law explainers, statistics and news for anyone applying for residence, registering a company or buying property in Bulgaria.
Costs involved in buying property in Bulgaria
Interest in urban property in Bulgaria has grown recently. Buyers often want to know what costs await them, what they will have to pay for in addition to the apartment itself, and how the transaction works.
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.
Childbirth in Bulgaria
The birth of a child is a long-awaited and joyful event. It should not be overshadowed by insufficiently thorough preparation. Let us look at the steps an expectant mother needs to take from the moment pregnancy begins until the first documents for the baby are obtained in Bulgaria.
Claiming an inheritance in Bulgaria
The pandemic took many lives, and one of its victims was Elena's mother. The woman owned an apartment in Bulgaria where she regularly spent the summer. After her death the apartment was to pass to her heirs — her husband and children, Russian citizens without any status in Bulgaria. However, they ran into difficulties claiming the inheritance.
Is there any risk in buying Bulgarian property from heirs?
Elderly people in Bulgaria often give no thought to transferring property to their relatives before they die, since the inheritance procedure is not as lengthy as, for example, in Russia. If there are no disputes between the heirs, inherited ownership is confirmed within a matter of days.
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.
Child protection: how to avoid getting into trouble
Natalia left her child in the car outside the airport while she went to check on an arriving flight. She was gone only a few minutes, but when she came back the police were already waiting for her. They asked why the car was parked in an unsuitable place, and how Natalia could leave a child under 12 alone.
Transferring a company: is it risky?
Closing a company in Bulgaria is far harder than opening one – it takes more time and more money. No wonder many people try to sell companies they no longer…
What are the consequences of not paying property tax in Bulgaria?
In 2020, many property owners in Bulgaria were unable to visit their apartments and houses. This year, despite open borders, this is still not an option for everyone because of high airfares.