Company Registration and Insurance of the owner
Company Registration and Insurance of the owner .jpg)
Question 1:
Hello! I went to the registration of a company - ltd , where I am an owner and manager and I do not currently support staff. Are we interested in what points should I be providing? And because I'm going to work alone at the moment, can I pay myself to the authorities by myself? Thanks!
Answer 1:
Hello,
You have taken the first step towards starting your business, namely - registering a company. The control form you have chosen is appropriate. From now on, as you are the owner and manager of the company, you have the opportunity to insure yourself in two ways - as a self-insured person or as a manager of the company. If your management contract stipulates that you will be remunerated as a manager, then you will necessarily have to be a manager, with the minimum insurable income not being less than the first group's minimum insurance threshold for the respective company activity code (from BGN 680 to BGN 1,500). In this case, you will receive a reward, with 60% of the company paying the insurance contributions, and the remaining 40% and the tax are deducted from your accrued wage and you get the difference after the deductions. The insurance is paid by the company.
If your management contract stipulates that you will not be remunerated for the work as a manager, you must be insured as a self-insured person on a minimum of $ 460 in insured income. In this case, you are not paid and 100% of the insurance is your personal obligation.
In either case, a declaration must be submitted on a monthly basis about the amount of the accrued contributions under funds, and when you are under a management contract, a declaration is also issued monthly about the amount of the insurance contributions due by funds.
By the 25th of the month following the month for which insurance is due, you are obliged to submit the declarations and pay them accordingly to the accounts of the three funds - compulsory pension insurance, supplementary pension insurance and health insurance.
Keep in mind that at the end of each business year, you are obliged as a company to submit an annual statistical report to NSI, an annual tax return to the NRA and an annual financial statement in the Commercial Register. Upon reaching certain turnovers or in the course of certain commercial transactions, mandatory registration under the VAT Act is required.
If you decide in the course of your work that you need professional assistance in the accounting service, tax and insurance consultancy, preparation of any statements and statements accompanying the work of your company, you can contact one of our offices in Burgas, Ruse and Sofia, to discuss with our colleagues what service you need and to sign a contract with us.
We hope we were useful to you.
Greetings.
Question 2:
Hello!
Thanks for the information, I was very helpful.
Do I understand that as a self-insured person in the company I submit every month only Declaration 1?
And also for these 3 obligatory funds on a minimum basis BGN 460, at what rates are each distributed?
Greetings.
Answer 2:
Hello,
If you are insured for all insurance cases (including for hospital and maternity):
- DOO 79,58 BGN
- DZPO BGN 23.00
- ZO 36.80
If you only provide a pension:
- DОО 63.48 лв.
- DZPO BGN 23.00
- ZO 36.80
Greetings.
