Company formation Bulgaria

[vc_row][vc_column][vc_column_text] Updated information on company formation in Bulgaria you can find here: Starting business in 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 […]

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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 […]

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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 […]

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Publication of Annual financial reports

Publication of Annual financial reports Companies in Bulgaria are obliged to declare their annual reports at the National revenue agency (NRA)/ Националната агенция за приходите (НАП) and at the National Statistical Insitute (NSI)/ Национален Статистически Институт (НСИ) before the 31st of March of the year following the booking year. Besides these declarations companies should publish […]

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Tax Freedom Day Arrives in Bulgaria on May 4

Bulgarians will work to pay their taxes until May 4, 2011, according to a publication of the Institute for Market Economy. The so-called “Tax Freedom Day” is a symbolic date when employees stop working for the State treasury and begin earning for themselves. In Bulgaria, this day traditionally falls in May, and its earlier arrival […]

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