Because Bulgaria is part of the European Community, the country has to comply with certain rules and regulations for performing economic activities. The EORI number is used to improve the security of commercial transactions within the European Union and, at the same time, it offers the possibility to identify other commercial operators.…
Any company or partnership incorporated in Bulgaria, as well as permanent establishments of foreign legal entities, are subject to taxation in Bulgaria. Bulgarian residents and Bulgarian resident companies are taxed on their worldwide income, while non-residents and non-resident legal entities are only taxed on their Bulgarian source income. More details can…
Most supplies in Bulgaria are liable to VAT, and tax liable individuals and companies must register for VAT at the competent authorities. Our Bulgarian lawyers can help you apply for VAT registration. Quick Facts We offer VAT registration services Yes Standard rate 20% Lower rates 9% on hotel accommodation, tourist services,…
Our law firm in Bulgaria offers complete legal services for corporate and private investors who wish to open a company in the country or establish a local presence, through a branch or a subsidiary, for a larger international business. The table below offers a short presentation of our main legal services: Our…
Bulgaria signed double taxation treaties with more than 60 countries worldwide in order to avoid double taxation in case of foreign investors who derive income from two different jurisdictions. This measure offers tax relief for companies operating in multiple countries. Along with the double tax treaties, Bulgaria also signed a number of exchange of information…
Company liquidation in Bulgaria can be voluntary or compulsory. The first one is when the decision is taken by the company’s shareholders or when the company is acquired by another entity. The second one covers the scenario in which the company is bankrupt or the decision was taken by a Bulgarian…
