2021 tax rates and social security contributions in Bulgaria Jan05

2021 tax rates and social security contributions in Bulgaria

In 2021 tax rates and social security contributions in Bulgaria remains unchanged. However, the monthly expenses may increase due to the increase of the minimum wage and the minimum insurance thresholds which are different for each business and profession. ...

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What is the Apostille Stamp? Why do you need it? How to get it? Feb03

What is the Apostille Stamp? Why do you need it? How to get it?

Often you may hear from your lawyer to say that a document needs an Apostille stamp. The apostille proves that public document is authentic. The apostille certificate confirms the signature, seal or stamp on a public document to be genui...

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Leaving a limited liability company in Bulgaria Mar05

Leaving a limited liability company in Bulgaria

Leaving a limited liability company by giving written notice of withdrawal is one of the ways of termination of membership in Bulgaria. It is most often used when the partner cannot sell his shares to the other partners or to a third party. ...

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Termination of employment contract in Bulgaria Apr06

Termination of employment contract in Bulgaria

The most common reasons for termination of employment contract in Bulgaria are the resignation, staff reduction, mutual agreement, lacks of capacity for efficient working performance, etc. The Bulgarian Labour Code entitles both the employer and employee...

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Buying a car in Bulgaria May07

Buying a car in Bulgaria

Due to the lower taxes on vehicles a lot of foreigners buy and/or register a car in Bulgaria. When buying a car in Bulgaria, foreigners who reside permanently in the country may choose between two options: ...

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The deadline for publishing the non-activity declaration for 2020 is expiring Jun04

The deadline for publishing the non-activity declaration for 2020 is expiring

June 30, 2021 is the deadline for publishing of the non-activity declaration for the year ended 31 December 2020 in the Commercial Register and the NGOs Register, through an economic publication or via the Internet. ...

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Transfer of business enterprise in Bulgaria Jul06

Transfer of business enterprise in Bulgaria

Most often, the right of ownership over a business enterprise, as a set of rights, obligations and factual relations, is transferred by a Sale and Purchase Agreement. However, it is also possible the transfer of an enterprise to be made through another legal transaction and method. For exampl...

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