What Happens If You Miss a Filing Deadline? In Bulgaria, deadlines for tax returns and financial reporting are strict. They apply equally to companies and individuals. Missing even one can quickly lead to fines, daily interest, and unwanted attention from the National Revenue Agency (NRA) ⚠️. Deadlines Are Legally Binding Bulgarian law leaves little room … Read more
Top 5 Mistakes When Starting a Business in Bulgaria from T&G Consulting Welcome to T&G Consulting Starting a business here is an opportunity, but many entrepreneurs fall into the same traps. To save time and money, here are the top mistakes and how to avoid them. 🚀 1) Choosing the Wrong Legal Structure The legal … Read more
Does Bulgaria Tax Foreign Income? | 2025 Guide for Expats & Business Owners If you’re planning to move to Bulgaria, start a business, or invest, you might be asking: Does Bulgaria tax foreign income? Let’s break it down clearly. This question is crucial for anyone considering moving to Bulgaria or running a business here. In … Read more
100% Ownership in Bulgaria for Non-EU Citizens At T&G Consulting we’re asked weekly: can non-EU citizens fully own a Bulgarian company? Yes — both EOOD and OOD can be 100% foreign-owned. What matters is aligning formation, banking and tax so banks and authorities also say “yes”. Who can own and when No local partner required; … Read more
Can a Company Owner Be an Employee in Bulgaria? | Practical 2025 Guide At T&G Consulting, we often get the same question: can the owner also be an employee in their own Bulgarian company? The answer depends on how your business is structured. Below you’ll find the rules that matter, realistic examples, and steps that … Read more
OSS VAT for Bulgarian Businesses: A Practical 2025 Guide Expanding your eCommerce business across the EU is exciting, but VAT compliance can quickly become complicated. To simplify things, the EU introduced the OSS (One Stop Shop – simplified VAT scheme). With OSS, Bulgarian companies can manage all VAT obligations for B2C sales across Europe in … Read more
How to Optimize Profit Distribution Across Different Countries Welcome to T&G Consulting! In this article, we will explore how international companies can optimize profit distribution across different countries and why this is essential for the financial success of your business. 💼 Why Profit Distribution Matters When your business operates in multiple countries, the way you … Read more
How to Open a Bank Account in Bulgaria as a Foreigner? If you’re a foreigner planning to live or start a business in Bulgaria, opening a bank account is one of the first essential steps. With the right preparation and a reliable partner by your side, the process can be smooth and stress-free. Here’s what … Read more
Bulgaria or Romania: Where to Register Your Company in 2025? If you’re planning to start or grow your business in Eastern Europe, you’re probably comparing two popular destinations — Bulgaria and Romania. Both are EU members, offer access to the European market, and have relatively competitive tax regimes. However, as we move into 2025, the … Read more
How to Distribute Dividends in Bulgaria as a Foreign Shareholder – 2025 Guide If you are a foreign shareholder, properly managing dividend distribution in Bulgaria is essential for legal compliance and tax optimization. At T&G Consulting ✅ we help investors minimize unnecessary tax costs and plan their payments effectively in 2025. When Can Dividends Be … Read more