Low taxation, but compliance is essential Bulgaria is known for its low corporate tax rates, offering businesses a competitive 10% flat tax. This favorable tax environment has made Bulgaria a popular choice for foreign investors looking to open a company and run their operations efficiently within the EU. Unrealistic expectationsContinue Reading
Company valuation in Bulgaria What is the value of your Bulgarian company? The valuation of the company is extremely important if you are selling your shares or if you want to distribute dividends to yourself. Today we will look at a real case of a foreigner who “sold” his companyContinue Reading
BETL hits Bulgaria The BETL Ponzi scheme stunned many Bulgarians and foreigners, living in Bulgaria. It’s hard to estimate the number of people hit by the scam, but we are talking about tens of thousands, to say it the least. One of the main factors for the “success” of BetlContinue Reading
Filing a tax return based on the work of an unreliable accountant in the past Here is our problem for today. A Bulgarian company has entrusted its accountancy to a person or to a company (we will call it the “bad accountant”) that has acted in bad faith. The badContinue Reading
EU citizenship – nothing compares to you Passports come in all forms and shapes. There are many passport rankings, trying to determine which are the “strongest” passports in the world. All these rankings however only take into consideration the number of countries one can visit visa-free. The passport of SingaporeContinue Reading
Or why you should NOT trust an “international lawyer/consultant” in Bulgaria DISCLAIMER: The story, all names, characters, and incidents portrayed in this article are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred. This is a story that once againContinue Reading
Receiving dividends in Bulgaria by a Greek tax resident There is so much common history between Bulgaria and Greece, dating back to the 7th century AD. Nowadays Bulgarians are visiting the Greek beaches more than their own and Northern Greece’s tourist industry is now mainly dependent on Bulgarian tourist’s money.Continue 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
