Is it possible for a foreigner to open bank account in Bulgaria in 2023? During the past few years ,we have been reporting many problems with opening of bank accounts for foreigners in Bulgaria. In many cases, foreign bank accounts in Bulgaria have been even frozen, to the horror ofContinue Reading
The NEXO scandal brings bad news for the “regular tax dodgers” The people in Bulgaria are very well aware of the scandal that unveiled in recent weeks with the crypto platform Nexo. For those who are not aware of what happened though, as reported by Reuters, four Bulgarian nationals haveContinue Reading
Does a Bulgarian company need to invoice and pay VAT when it is providing services to a company registered in Switzerland? Many of our clients are providing service to Swiss companies. And they are often confused as to whether they should invoice VAT (value added tax) to these services. TheContinue Reading
The decisions of the Supreme Court, the importance of “intention” and “knowledge” and why a professional tax audit is a must… Negligence by many foreigners about their tax responsibilities in Bulgaria Foreigners doing business in Bulgaria often underestimate the consequences of fiscal non-compliance. Many tend to believe that eventual non-paymentContinue Reading
Tax evasion in Bulgaria and criminal responsibility Bulgaria enjoys the lowest EU flat tax rate of only 10%. But as is often the case, the coin has two sides. The dark side of the Bulgarian legislation is the ultra low level of tax evasion that triggers criminal responsibility. Anyone whoContinue Reading
Doing business in Bulgaria Israelis are good in doing business. And Bulgaria is the best EU country for Israelis to do business in. But in Bulgaria, one needs solid legal support and local knowledge to make things happen. And to make them happen fast. טובים השנים מן האחד We provideContinue Reading
Straightforward accountancy requirements and low taxation Registering Bulgarian company has been the best business solution for many non EU citizens throughout the years. Businessmen from China, India, Pakistan, South Africa, etc. are storming our offices every year with request to register Bulgarian company. It is mainly the ease of operationsContinue Reading
It is (still) possible to legally protect your assets We have been advocating since many years the advantages of setting up a foundation in Bulgaria and how it can be utilized for asset protection purposes. Now, in July 2022, the use of private foundation in Bulgaria is probably the lastContinue Reading
The Bulgarian limited liability company is the best capital protection tool and the most economical way for doing business in the EU. Our best promotion in 2022 – Bulgarian LTD with all the bells and whistles You will be saving 550 EUR on our limited promotion in 2022. What youContinue Reading
