The Commercial Register in Bulgaria
The Bulgarian Trade Register functions through Registration Agency institution. The Agency was founded in 2004 with the adoption of the Law on Cadastre and Land Register published in the Official Gazette of Bulgaria and in 2005 it took another function - Leading the Trade Register. The Agency has 11 ...
VAT in Bulgaria
1. What is the VAT in Bulgaria?
In Bulgaria, the standard VAT rate is 20%. This rate is applied for domestic supplies, intra-community acquisitions and importation from non-European countries. There is also a 9% reduced rate for VAT for companies in tourism and hotel accommodation services. Exemptio ...
Paying Taxes in Bulgaria
1. What is the corporate tax in Bulgaria?
The corporate tax for a Bulgarian company is 10%, with the exception of companies who activate in shipping or gambling, which are submitted to different corporate taxes on income.
2. What is the VAT in Bulgaria?
The VAT in Bulgaria is calculate ...
Types of Bulgarian Companies
There are several types of company appropriate for conducting business in Bulgaria. According to the Commercial Law issued by The Supreme Court of Cassation of the Republic of Bulgaria, entrepreneurs can choose between five main types of business. Article 64, chapter 10, division 3, mentions their g ...
Setting up a Company in Bulgaria
Every person whishing to undertake economic activity developing a Bulgarian company may do so by registering to the Bulgarian District Court and the Commercial Register. The most common forms of registered companies are the limited liability company and the joint stock company.
Preliminary activit ...
Open Company Branch or Subsidiary in Bulgaria
Even though the State of Bulgaria is not one of the most powerful states, economically speaking, there are many entrepreneurs that do not regret the choice of investing in Bulgaria. This can be done either by establishment of a new company, either by opening a branch of an already existing foreign c ...
Guide to Company Incorporation in Bulgaria
1. What is the minimum share capital of a Limited Liability Company in Bulgaria ?
Limited Liability Company is the most common vehicle for doing business in Bulgaria due to its straight-forward incorporation process, simple structure and minimum capital requirement of only 2 Leva, approximately 1 EU ...
