In most cases, the deletion of a sole proprietorship is requested by the heirs of a deceased sole trader. If none of them wants to take over the business of the sole trader after his death, the name of the sole trader must be deleted from the commercial register. Another reason to propose the … Read more
At this time of year, individuals are often asked if they need to file an annual tax return for the previous year. Here Art. 50 of the Personal Income Tax Act gives a normative justification of the requirement for submission. In this article we will look at several cases in which an individual must … Read more
In the last two years, many people have had to work remotely from home. On the one hand, we work from the comfort of our own home, but on the other hand, monotony can be overwhelming for some. The pandemic has led to many changes in the economy, health care and completely changed the pace … Read more
Nowadays, there are several ways to promote goods and services. Among the most popular and widely available are advertising campaigns. The advertising business brings high incomes and does not require large investments in the beginning. It also has enormous potential for business development. However, it is important to note that the competition in this industry … Read more
We have already talked to you about VAT registration and now it is time to clarify the issue related to VAT deregistration. In this publication we will try to explain to you what a VAT deregistration is, when and how it is done. What is VAT deregistration? Deregistration is a procedure under the VAT Act, … Read more
We often give you information about starting a business, but now it’s time to tell you what’s next if that business fails and it`s tome for closing a company. One of the most common procedures when the business has not started or there are conflicts between the partners is related to the termination of … Read more
More and more often we receive questions related to opening a company by a foreigner. In the next article we will try to give an answer and explain the procedure for registering a company by a foreign citizen in Bulgaria. Here you will learn which foreigners can register companies in Bulgaria, whether the respective foreigner … Read more
Living in a time when the Internet is an integral part of our daily lives and for most of us a day without it is unthinkable. It is no surprise that more and more businesses operate on the Internet. With the rapid development of e-commerce, some related sub-segments have entered the market. Among them are … Read more
It is an indisputable fact that today we live in a consumer society in which saving is a rare virtue. Everyone would agree that it is good to have money set aside, even if you have solid financial resources. As the old proverb “Money for rainy days” reads. Stop for a moment and think about … Read more
When starting a new business, there are so many things to think about. The owners of small start-ups concentrate on solving all labor-intensive tasks related to starting a business. At this stage, it often happens that a very important aspect is unintentionally omitted or underestimated – company accounting. In the beginning, most of the business … Read more