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.
Bulgaria's ski resorts: what, where and how?
Ski enthusiasts never get bored in Bulgaria in winter. There are mountains here for every taste, and prices are lower than in neighbouring countries, which is why Bulgaria has long been a place of pilgrimage for lovers of alpine skiing holidays.
Winter in Bulgaria
Before Christmas, traditional holiday markets open in Bulgarian towns, where you can enjoy mulled wine and buy New Year souvenirs and gifts. Many people come to such markets simply to stroll around and admire the lights.
The most in-demand and highest-paying professions in Bulgaria
It is commonly believed that salaries in Bulgaria are low. But that depends on where and for whom. According to the ranking of universities in Bulgaria, the highest salaries – an average of 3000 leva – are earned by graduates of the Faculty of Informatics and Computer Science of Sofia University.
Customs in Bulgaria: rules you need to know
When entering the country, you should fill in a customs declaration listing high-value goods. Later this declaration will serve as proof
Business in Bulgaria: is it really that simple? A message to immigrants.
How and in what direction should you develop? What will you face along the way and how do you overcome difficulties in a country that is still unfamiliar, with…
Registering a car to a company: why and who needs it?
Many foreigners living in Bulgaria or coming here from time to time register companies specifically to buy a car. Today this is considered the most advantageous way to acquire a vehicle.
How can a foreigner obtain a Bulgarian driving licence?
Drivers who already hold a licence issued in their home country can easily exchange it for a Bulgarian one.
Corporate income tax in Bulgaria: you won't find lower
For doing business, the level of corporate taxation in the country where that business is run is extremely important. There is an official ranking of corporate income tax rates in all European countries, including Russia. The highest rate of this tax is in France, at 38%.
VAT Registration: Why? When? Is It Mandatory?
Accounting for legal entities in Bulgaria is kept in accordance with the international GAAP system. Some taxes (for example, corporate tax or payroll tax) are paid by all companies. Value added tax (VAT, or ДДС in Bulgarian), which is 20%, is paid by companies that are registered for VAT.