Why Every Business Owner in Bulgaria Must Understand Basic Accounting and Tax Many entrepreneurs say: “I have an accountant. I don’t need to know this.” 🤝 This mindset often leads to serious problems. Even when accounting is fully outsourced, responsibility remains with the business owner. At T&G Consulting, we regularly see how lack of basic … Read more
Many foreign-owned Bulgarian companies use Wise, Stripe and PayPal to receive payments from international clients. While these platforms significantly simplify global payments, they introduce serious accounting complexity related to transaction structure, settlement timing, multi-currency operations, and VAT compliance under Bulgarian and EU law. 💼 Misunderstanding how payment platforms are recorded in accounting One of the … Read more
Bulgaria has become an increasingly attractive destination for foreign entrepreneurs due to its low corporate tax rate, EU membership, and relatively fast company incorporation process. However, company registration in Bulgaria follows a strict legal sequence, and misunderstandings often lead to delays, rejected applications, or compliance issues later on. This guide explains how company registration in … Read more
Resident vs Non-Resident Director in Bulgaria: What You Should Know Choosing a company director in Bulgaria is not a formal step. It is a strategic decision that affects daily operations, compliance, and long-term business stability. Many business owners focus on registration and overlook the director structure, only to face avoidable complications later ⚠️ Bulgarian law … Read more
One of the most frequent questions foreign entrepreneurs ask is simple but important: Can a Bulgarian company be managed entirely online, without the owner being physically present in Bulgaria? The short answer is yes. In practice, thousands of international business owners successfully operate Bulgarian companies fully remotely. With the right accounting partner, digital tools, and … Read more
Registering a company in Bulgaria is often presented as a fast and straightforward process. While this is technically true, many foreign entrepreneurs make critical mistakes early on that later turn into costly legal, tax, or operational problems. Below we outline the most common company registration mistakes foreigners make in Bulgaria — and how to avoid … Read more
Relocating a business is one of the most strategic decisions an entrepreneur can make. However, moving a business to another country is often misunderstood. In reality, it rarely means physically relocating offices, employees, or infrastructure overnight. Much more often, it involves establishing a company in Bulgaria and gradually shifting economic activity, profit generation, or contractual … Read more
How to Change Your Company Name in Bulgaria? Do you need a fresh start or plan to expand your business? Changing your company name is an important step and often part of rebranding, correcting legal inaccuracies, or adapting to new markets. In this guide, we explain how to do it legally in Bulgaria — clearly … Read more
Today we explain why choosing “cheap accounting” often ends up being the most expensive decision a business owner can make, especially for foreign-owned companies operating in Bulgaria. 💼 What “cheap accounting” usually means in practice? Extremely low monthly fees, sometimes as low as 20–30 EUR; Minimal time spent per client; High client volume with no … Read more
Crypto Payments in Bulgaria – Accounting and Tax Guide for Companies Crypto payments in Bulgaria are no longer an exception. More companies accept cryptocurrency when working with international clients, digital services, and online consulting 🌍. While receiving crypto is legally possible, it creates specific accounting and tax responsibilities. The main challenge is not the payment … Read more