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.
How to fill in journey logs
Whatever business you run in Bulgaria, you are unlikely to manage without transport – your own or rented. We explain how to complete the paperwork correctly so that transport costs can be included in the company's expenses.
Mandatory VAT registration
Registration under the VAT Act becomes mandatory upon reaching a taxable turnover of BGN 100,000 as of 01.04.2025
Patent Tax in Bulgaria
What is the patent tax in Bulgaria, who has to pay it and when, and what does the amount of the tax depend on?
Declaring accounts with fintech companies: what you need to know
If you hold accounts with Revolut, PayPal, Wise (Transferwise) or other fintech companies registered outside Bulgaria, it is important to know that they are subject to mandatory declaration with the Bulgarian National Bank (BNB).
Starting operations and paying taxes as an owner after registering a company in Bulgaria
Registering a company in Bulgaria is relatively straightforward not only for Bulgarian citizens but also for foreign nationals. Once all the steps of company registration are complete, the question becomes when you must notify the tax authorities (National Revenue Agency, NAP) that the company is operating and, accordingly, when and which taxes must be paid.
Bulgaria's parliament to consider a bill under which private real estate transactions will be subject to VAT
Individuals carrying out real estate transactions in Bulgaria will have to register under the VAT Act. This will affect owners of land plots, as well as those who own an apartment in a new building less than 5 years from the date of its use permit.
Trade representatives in Bulgaria: the latest news
A trade representative office remains one of the popular grounds for obtaining a long-term residence permit in Bulgaria. For those who have decided to use it, there are two pieces of news. As tradition has it, one of them is good and the other is not so good.
Type D visa refusals after Bulgaria's accession to Schengen
After Bulgaria joined Schengen, obtaining a type D visa has become harder: it may be refused on suspicion that the foreigner does not plan to live in Bulgaria and intends only to travel around the EU.
Top news of spring 2024: the purchase of Tokuda Bank and changes in transaction procedures
On 3 May 2024 amendments to the Tax and Social Insurance Procedure Code (NOPK) came into force. In practice this means, among other things, changes to the procedure for buying and selling real estate and cars.