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.
What makes Bulgaria remarkable
Bulgaria is famous not only for its gentle sea and golden beaches. There are many sights here, and a genuine interest in the country's particulars is sure to bring plenty of discoveries. Here are just a few interesting facts about Bulgaria:
Fines in Bulgaria. A note for drivers!
Careful drivers in Bulgaria may go for years without meeting officers of KAT (the local traffic police) – except during routine roadside checks. As for offenders, they are punished severely.
Preparing for company reporting
Foreigners in Bulgaria often set up companies not only to earn income, but also in order to buy land plots and register vehicles. For this reason, many companies opened by foreigners carry out no activity.
Buying a ready-made business in Bulgaria
Someone who has recently arrived in the country may find it hard to get their bearings and build a business from scratch. Investing in an existing business, whose previous owner has already overcome all the difficulties and built up a client base, is a good choice in this situation.
Distribution of dividends, or what to do with the company's profit?
If the business has been successful during the year, the company earns a profit. This profit can be used in several ways: to cover losses from previous years…
What does it take to build a house? Building a house in Bulgaria step by step
It is not always possible to find your dream home already built among those for sale in Bulgaria. And the quality of construction often looks questionable. A simple solution suggests itself – build the house yourself.
VAT registration — is it mandatory?
The VAT rate in Bulgaria is 20%.When carrying out foreign trade transactions, it is important to take into account the specifics of tax assessment, as well as regional requirements for the preparation of documents.
Healthcare in Bulgaria
The system Healthcare in Bulgaria is paid both for citizens of the country and for foreigners. But the way you pay differs. Foreign nationals – people who have…
Burgas: a wonderful holiday on the Bulgarian coast!
Burgas is the second largest city on the Bulgarian coast and the country's largest seaport. Its excellent climate, convenient location and well-developed infrastructure make it one of the most popular cities among those who come to Bulgaria for a holiday or for permanent residence.