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 Accountants Sofia

Weekend Tax in Bulgaria

Weekend Tax BulgariaIt is official – weekend tax in Bulgaria has been approved.

The National Assembly of the Republic of Bulgaria has adopted so called ’’weekend tax’’. It is valid from 01.01.2016.

The members of the parliament agreed that company vehicles and mobile phones will have 10% weekend tax. This tax is calculated depending on the specific tax base and different company assets.

There are three groups from the company assets that are included – property, cars, others.

When properties are used for personal purposes, it is important the size of the area or how long it is used.

The employer can decide how much the vehicles are used privately. Also, it is possible to declare 50/50% – private/company needs.

Mobile phones and laptops are in this category. The employer can declare directly 20% private usage of these devices.

One thing is for sure, the weekend tax will have its influence on how the company/private costs are calculated.

Please contact us when you want to know more what the weekend tax means for you company.


Foreign investors in Bulgaria

foreing investors in BulgariaA small country but yet an interesting destination attracting many foreign investors. Bulgaria is a small country but a real hidden gem when it comes to economical growth. The last years the Bulgaria gets more and more attractive for foreign companies to extend in it. Some of the numerous benefits are low tax rates, developing infrastructure, strategic location, more flight connections to different countries, culture, good climate, delicious food, and these are just some of the few benefits why it is interesting to start a business in Bulgaria.

The largest number of foreign investors at the moment are from Western Europe and the USA. Some of the branches there are involved like: trading, production, finance, IT, electronics, transport, etc.

Investors from Germany include: SAP, Kaufland, METRO, HIT, Willi Betz, Lufthansa Technik GmbH, Siemens, Allianz, Lidl, Liebherr Hausgeraete, ABB, Tengelmann Konzern, Hamberger, Ixetic, Rollmann & Partner, Eichhoff Electric GmbH, Nemetschek AG. There are also some English companies like: Shell, Boyar International, Karbo Ltd, William Hughes, Imperial Tabacco Group Plc.

Other foreign investors come from France (Societe Generale, Carrefour, Schneider Electric, Montupet SA); Austria (Telecom Austria, Eurobilla, OMV, Raiffeisen Bank, Bramac, Palfinger); Switzerland (Nestle, ALPIQ Holding Group, Adecco, Holcim, Socotab); USA (Microsoft, IBM, Johnson Controls, Hewlett Packard, AMIS, News Inc, Sutherland Global Services, Kraft Foods); Japan (Yazaki, Mitsubishi Heavy Industries, Tokushukaial Corp); Italy, Spain, Hungary, Czech Republic, Russia.

These are only a few of the large companies but there is one thing for sure – the number of investments is growing fast. Definitely a good destination to invest some time and money in. Most likely there will be more foreign investors coming to Bulgaria the next years.

If you are interested to get to know better the tax laws and requirements, or just start your own company in Bulgaria –  Contact us


Happy Holidays from Bulgaria!

Happy Holidays

Happy Holidays!  2015 has been an exciting year for Aidos. We started the year with celebrating our 10th anniversary. But that was not all, early July we moved to a new office, bigger and brighter. (…we are not planning to move in 2016…) From April we started with yoga and pilatus lessons for our staff, the results are amazing!

Our team grew to over 20 people and since September we have a representative office in Greece.

Our colleague and partner Bozhidara is now a registered lawyer, you can rely on her for all your legal questions. We will let you know when she is ready with her own website.

Just before the end of the year we acquired a participation in the company Virtual Assistants, we are looking forward to develop this brand and its services. More about this in one of our future newsletters.

Check out our holiday calendar when planning your trip to Bulgaria. Our traditional desk calendars are ready, pass by to pick up yours, or download the digital version here.

We want to thank you! For working with us, for your trust. We are looking forward to see you again in 2016!

Daniela and Henk,
The Aidos team

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