Accountants Bulgaria: Who is Aidos?

Welcome to the website of Aidos – Accountants Bulgaria. We are a company dealing with the administration part of your business. Our services include: bookkeeping & accounting, payroll, VAT and tax preparation and company registrations.

We choose our website to be in a weblog format. In this way we are aiming to create a continuously refreshing and growing knowledge base. Below here you’ll find posts on topics related with doing business in Bulgaria, changes in the law, introductions of our clients and more, what we think may be of interest for you. By following the links in the right hand menu you can find more information about us, our services, or on specific subjects. When you feel something is missing just let us know and we will add it.

When you cannot find here what you are looking for, don’t hesitate to contact us.

Thanks for visiting us here!

The Aidos team

Aidos Accounting Bulgaria

 

Company formation Bulgaria

Updated information on company formation in Bulgaria you can find here: Starting business in Bulgaria


Company formation Bulgaria

Company formation Bulgaria

The most common model for setting up a company is the Limited Liability Company (Ltd.). In Bulgaria there are two forms of Ltd.;

  • Single owner Ltd. (EOOD)
  • Multiple owner Ltd. (OOD)

Owners – natural persons or companies.
Capital the minimum capital to be deposited is currently 1 Euro.
Timeframe – the procedure takes currently about 20 days.

The new company owners have to be physically present to open a bank account and deposit the capital. And sign the incorporation documents and a power of attorney in front of a notary. This will take no more than 3 hours.

We can help with;

  • Preparing all necessary documentation in Bulgarian and English
  • Organize the meetings at the bank and notary.
  • File the documents at the Registry Agency.
  • Order a company stamp.
  • Collect the company documents when ready.

The procedures for all company forms can also be found at the website of the Bulgarian Trade Register – http://www.brra.bg/ (in Bulgarian)

Sofia Office of Bulgarian Tax Authority Reshuffled

The manager team in charge of control activities of the Sofia Territorial Directorate of the National Revenue Agency (NRA) was dismissed Monday, according to an NRAstatement.

Less than a week after the appointment of Boyko Atanasov as the new director of the Sofia unit of the revenue body, the Deputy Director of the Sofia Territorial Directorate in charge of the Control portfolio, the Director and Deputy Director of the Control Directorate and three directors of Audit sectors at the Sofia unit were dismissed.

In a few weeks, the management of NRA-Sofia will present an entirely new concept paper on tax and social security control and the fight against tax and social security fraud which will envisage structural and organizational changes at the Sofia unit if the NRA.

“The changes in the management team are a continuation of the reshuffle at the central headquarters of the NRA and are driven by the inefficient tax and social insurance control, including the counteraction against fraud in the biggest territorial structure of the NRA”, the press office of the agency said in the statement.

Source: novinite.com

Bulgaria to Marginally Up Minimum Wage, Pensions

The Bulgarian government will update the minimum wage for the country from BGN 240 to 270 and will make a similar rise in retirement pensions, according to Minister of Labor Totyu Mladenov.

Mladenov stated the rise will be active starting July 1, and that a formal decision is to be taken between June 15-20 at a sitting of the three way council between government, employers and trade unions.

Minister of Finance Simeon Djankov, who has this far been opposed to the raise pushed by Mladenov for some months now, refused to comment.

According to his colleague in charge of labor and social affairs, the Ministry of Finance has the funds needed for the update.

source: novinite.com

related: Bulgarians Struggle with Shrinking Average Incomes