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SOL in two insurance companies   Question: Hello, A person is the manager of two different companies. Self-sufficient in the first and gets personal work from there. The second is also a manager, but without getting personal work. A declaration has been submitted that it will be insured during the first one and from there they submit ...

Profit distribution before sale of EOOD   Question: Hello, I want to sell my business in November. How To Pay Profit Tax And Dividends Before Selling | The company is Ltd. Thanks in advance for your advice!   Answer: Hello, You cannot distribute a dividend before you file an annual tax return and pay it based on the ...

Foreign company operating in Bulgaria   Question: Hello, I turn to you with the following questions. A company based in the UK, can carry on business (online trade of children's clothes, cosmetics) only in the territory of the Republic of Bulgaria and if so what are the requirements of the Bulgarian legislation for the foreign ...

Issuance of cash registers in a company with two activities   Question: Hello, I have a company registered as Ltd. and a functioning hair salon. I want to do an online jewelry store. My question is: is it possible to issue cash receipts from the salon apparatus or do I need a separate cash register? Thank you in ...

Unemployment benefit   Question: Hello, I worked abroad for 2 years with a permanent contract and insurance, now I am in Bulgaria. Am I entitled to cash benefits as an unemployed person? Thanks!   Answer: Hello, To be entitled to cash benefits from Bulgaria, you must have at least 12 months insured in Bulgaria in the ...

Employment contract + civil contracts + free profession   Question: Hello, I have the following case: I work under an employment contract and am insured on the maximum insurance income. I have civil contracts for teaching services at an educational institution. Various companies are looking for me to conduct company trainings, but ...

Ltd. or freelance photographer     Question: Hello, I have a case in point: I want to start a business in the field of photography and online advertising of my projects. The question is whether to register a company or be a self-employed person in a freelance profession? Which would be more appropriate in this case? I have generally ...

How does a Bulgarian construction company work in Spain?   Question: Hello, I want to ask how my construction company registered in Bulgaria can work in Spain. Do I need to register with the Spanish Tax Office? Thanks!   Answer: Hello, If you have a contract with a Spanish company, according to which you post ...

Opening of a branch of a foreign legal entity in Bulgaria     Question: Hello, We have a US registered company, Stanford. Part of the activity will be carried out in Bulgaria. We want to establish a branch in Bulgaria. What accounting needs to be maintained, can we use VAT for the services provided here. Is there another form of ...

Bulgarian Legal Services and US Service Provision     Question: Hello, A Bulgarian company without VAT registration receives a service from an American company. Do Bulgarian companies have to register under the VAT Act here?   The service is legal to register a company in the ...