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Incorporation of Company

WHY Bulgaria

 

·         Bulgaria is a Member State of the European Union (EU), NATO, the Council of Europe and the World Trade Organization (WTO)

·         Corporate income tax is only 10% - the lowest in the EU, while the tax on dividends is only 5%

·         The personal income tax is at fixed rate of 10%

·         Minimum share capital – Euro 1

·         The workforce is well-educated, highly qualified and fluent in foreign languages

·         The country has low statutory minimum wage and low social insurance costs

·         Quick registration procedure

·         Offers employment conditions, which are highly competitive in Central and Eastern Europe

·         Bulgaria also signed Double Taxation Agreements (DTA) with other countries 

·         Liberal trade and tax laws and low-cost labour markets make the country one of the most attractive destinations for many foreign investors to establish their businesses in Bulgaria

 

Incorporation of company

     

  • Royalty of the Commercial Register;
  • Notary fees;
  • Service fee;
  • Accounting - legal advice before registration of the entity;
  • Preparation of a full package of documents for registration with the Commercial Register;
  • Submission of the documents package into the Commercial Register office

 

o    VAT Registration

  • Preparation of all necessary documents for VAT Registration;
  • Submission of the documents to the National Revenue Agency;
  • Obtaining the VAT Registration Certificate;

 

Registration for Company Identification Number (ЕИК)

 

  • Preparation of the application;
  • Fee included

 

Opening of a Bank account

 

Accounts

  • Current accounting;
  • Preparing payrolls and payment documents for insurance contributions and taxes;
  • Preparing VAT declarations;
  • Preparing statistical forms on request of the National Statistical Institute (NSI).

Registered address

  • Mailing address;
  • Tax address;

 

Publication of Annual Tax Return and Annual Financial Statements

 

  • Preparation of Annual Financial Statements;
  • Submission of annual financial statements in the Registry Agency;
  • Preparation of Annual Tax Return;
  • Filing of Annual Tax Return with the National Revenue Agency.

 

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