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.
Russians no longer have to report movements on their Bulgarian accounts to the tax authorities
Russian residents holding accounts with Bulgarian banks will be released from the tiresome obligation to report every movement of money on those accounts to the Federal Tax Service.
Careful: accounting! What problems Russian-speaking businesspeople face in Bulgaria
Bulgaria is a great place to do business, but there is no room for complacency: not knowing local legislation can play a nasty trick on foreign entrepreneurs. What mistakes do Russian-speaking businesspeople in Bulgaria make most often?
How to register property: in a company's name or as an individual?
What is the most advantageous way to register property when buying it? The law prohibits the purchase of land in Bulgaria by citizens of other countries, but when acquiring a house or an apartment there are various registration options. Which of them will be the most advantageous?
Important for apartment owners in complexes: changes to the ZUES are coming
The Condominium Management Act is relevant for owners of property in apartment buildings. At present it does not always work, and not everywhere. Amendments to the law are planned for 2019.
A new shock for representatives: personal cards being seized
Sofia lawyers have more work than ever, and the administrative courts are swamped with applications. The policy against migrants is becoming even tougher, and representatives struck off a trade representative office are now being stripped of their residence permits.
Decree No. 88. Life for foreigners will never be the same…
On 23 апреля 2019, the Act Amending and Supplementing the Foreigners in the Republic of Bulgaria Act was officially published in «Държавен вестник» under Decree No. 88 of the President of Bulgaria.
Taxation of short-term apartment rentals in Bulgaria
Renting out your Bulgarian apartment in accordance with the law involves paying taxes. Let us look at exactly what, when, how and how much the landlord has to pay.
Renting out apartments on a daily basis: legal requirements
Apartments in Bulgaria are often purchased to be rented out afterwards. How should this be done properly, so as not to come into conflict with the requirements of the law?
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.