Starting a Business in Bulgaria Is a Smart Move for Many Foreign Entrepreneurs Thanks to the Favorable Tax Environment. With the right strategy, you can legally reduce your tax burden from day one. In this article, you’ll learn how to benefit from Bulgaria’s low taxes and how T&G Consulting can help you save both money … Read more
How to Register a Company in Bulgaria Quickly and Easily? Registering a company in Bulgaria is relatively straightforward but involves several key steps. In this guide, you’ll find the essential information to help you complete the process smoothly and confidently. 1. Preparing the Documents 📝 The first step is to gather and prepare the necessary … Read more
How to Use a Bulgarian Company with Platforms Like Stripe, PayPal, and Others? Using a Bulgarian company with international payment platforms is entirely possible. Here’s what you need to know to get started the right way: 1. Register Your Company in Bulgaria The first step is to officially register your company. You will need: UIC … Read more
Distribution of Dividends from a Bulgarian Company Distributing dividends in Bulgaria means paying out part of a company’s profit to its owners, after the corporate tax has been paid. To do it correctly, you must follow specific steps and deadlines. When Can Dividends Be Distributed? Dividends can be paid: Annually Quarterly In advance, if the … Read more
Bulgaria Applies a Flat 10% Corporate Tax – the Lowest in the European Union. This creates significant savings for small and medium-sized enterprises, as well as for foreign investors. Who Benefits from Bulgaria’s Low Corporate Tax? Every registered business in Bulgaria can take advantage of the reduced tax rate. It’s ideal for: Startups with limited … Read more
How to Legally Transfer Money from Your Bulgarian Company to Your Personal Account? Transferring money from a company account to a personal one is a common necessity. To avoid penalties and issues with the Bulgarian tax authorities (NRA), you must use legal methods approved by national tax legislation. What Are the Legal Ways to Transfer … Read more
How Does VAT Work in Bulgaria: Registration, Compliance, and Refunds? Understand how the Bulgarian VAT system works, when registration is mandatory, how to report correctly, and how to claim VAT refunds. A practical guide for both local and foreign companies. What Is the Standard VAT Rate in Bulgaria? The standard VAT rate in Bulgaria is … Read more
Which Business Expenses Are Tax-Deductible in Bulgaria? Recognized expenses reduce the company’s taxable profit. They must be directly related to the business activity. Common Deductible Expenses: Category Examples Rent and Utilities Office rent, electricity, internet Salaries and Social Security Gross salary, health and social contributions Professional Services Fees to accountants, lawyers, consultants Marketing and Advertising … Read more
Annual Tax Return in Bulgaria – Is It Mandatory to File? Filing an annual tax return is mandatory for individuals with certain types of income. Understanding when and how to file your return helps you avoid penalties and ensures compliance with the law. This article provides useful information on when you’re required to submit your … Read more
Why Does Bulgaria’s 10% Corporate Tax Attract Foreign Entrepreneurs? Bulgaria applies a flat corporate tax rate of 10% on the profits of all companies – regardless of their size. For comparison: Country Corporate Tax Bulgaria 10% Germany 29.9% France 25% – 32% Italy ~24% This low rate makes Bulgaria one of the most competitive jurisdictions … Read more