Taxes in Bulgaria Aug03

Taxes in Bulgaria

Legal entities are obligated to pay different types of taxes in Bulgaria - corporate tax (income tax), VAT, tax on dividends and liquidation shares from participation in local legal entities, interest tax, etc. Here is a brief overview of tax regime in Bulgaria. CORPORATE INCOME TAX (CORPORATE ...

Read More
Property taxes and fees in Bulgaria Aug05

Property taxes and fees in Bulgaria

The Local Taxes and Fees Act (LTFA) regulates the regime for taxation with property taxes and fees in Bulgaria. Here is a brief overview of the main property taxes and fees in Bulgaria. REAL ESTATE TAX With real estate tax are levied the located on the territory of the country bu...

Read More
Currency and financial regulations in Bulgaria Aug13

Currency and financial regulations in Bulgaria

Here is a brief overview of currency and financial regulations in Bulgaria. Common financial information The official currency of Bulgaria is the Lev (BGN). Bulgaria is a country that operates under a currency board. There is a fixed exchange rate for 1 Euro = 1.95583...

Read More
Salaries in Bulgaria Aug27

Salaries in Bulgaria

The amount of the salaries in Bulgaria is determined according to the duration of work or according to the results of work. The is the basic salary plus any additional remuneration to it. This is the total amount of money that is charged per employee for certain period and is reported in the pay roll. Net wage is ...

Read More
Social security in Bulgaria Sep05

Social security in Bulgaria

There are minimum monthly insurance thresholds for the payment of health insurance and social security in Bulgaria. Firstly, these thresholds are different for each business and profession. They serve as a basis for calculating the social security contribution. Secondly, the social insurance contributions are due o...

Read More
Types of companies in Bulgaria Sep19

Types of companies in Bulgaria

Foreign investors (natural or legal persons) may establish the same types of companies in Bulgaria as the locals. There is no legal restrictions for foreign investors from EU member states and non-EU countries. Any person may participate in more than one company. The different companies in Bulgaria ...

Read More
Setting up a company in Bulgaria Sep26

Setting up a company in Bulgaria

Any foreign citizen can register a limited liability company in Bulgaria. There are no legal restrictions on whether the foreigner is a EU citizen or not. A foreign citizen does not have to live or reside in Bulgaria. . However, the presence of the company’s manager in Bulgaria in a one da...

Read More
Transfer of shares in a limited liability company in Bulgaria Oct18

Transfer of shares in a limited liability company in Bulgaria

A transfer of shares in a limited liability company in Bulgaria depends on whether the buyer is already a shareholder or it is a third party. There are no legal restrictions based on the nationality of the seller and the buyer. The transfer of a whole company under the Bulgarian C...

Read More
Setting up a joint stock company in Bulgaria Oct24

Setting up a joint stock company in Bulgaria

A joint stock company in Bulgaria may be founded by one or more local or foreign persons or legal entities. Foreigners or foreign companies who register a JSC in Bulgaria are subjected to the same corporate terms as that of locally-owned companies. Up to 100% of the registered capital of a Bulgarian company can be held by foreigner...

Read More
Manager of a LLC in Bulgaria Nov01

Manager of a LLC in Bulgaria

A manager of a LLC in Bulgaria may be any local or foreign natural person of full capacity to act (regardless of residence). More often the sole owner of the capital or the partner with the largest share in the capital are appointed as a manager. But it is also possible a third party to bec...

Read More