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.
Social security contributions and taxes: what changes in 2021
From 1 January 2021 the minimum wage in Bulgaria rises to 650 leva. This means additional costs for employers, and the minimum social security payments will also increase.
Farewell to 2020: the year in review
2020 was a difficult year for everyone, including those living in Bulgaria. Let's review the year!
Received a transfer? File a declaration!
Individuals who receive money transfers must file an income declaration once a certain amount is reached.
Paysera — an alternative to bank accounts in Bulgaria
The Paysera payment system has already gained popularity with individuals and companies across Europe, including Bulgaria. What makes it good, and who should use it?
Taxes for freelancers in Bulgaria
Bulgaria is a relatively inexpensive country, which is why freelancers from all over the world are happy to come here. Living in Bulgaria, they can save on taxes.
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?
Permanent residence permit in Bulgaria for a child
Bulgarian law on foreigners provides several ways for minors to obtain a permanent residence permit. Which option should you choose?
How to transfer a car from a company to an individual after obtaining a permanent residence permit or EU long-term resident status
Once you have permanent status, you can transfer into your own name a car previously bought by your company. What does this require?
What is a DUK contract? Who needs it, pros and cons
A DUK, or "договор за управление и контрол" (management and control contract), is a contract that a company concludes with its director. What is it for, when is it advantageous and when is it not?