Steps to be taken when providing services in the EU

Steps to be taken when providing services in the EU

Question:
Hello!
I have a company (EOOD) which has not performed any activity in the last two years. From the end of November, the beginning of December, I intend to provide online services to a German company. My company is not registered for VAT. What are the next steps?
They have a requirement that I invoice them at the end of each month. Is it possible for this invoice to be in English?
Thanks in advance!

Answer:
Hello,
When providing a service to a company outside Bulgaria, VAT registration is mandatory no later than seven days before the provision of the first service, i.e. VAT registration should be your first step. Note that this is a special VAT registration regime and you will not actually owe VAT on the value of your sales. The regime is purely registration-based and you are required to declare your realized income on a monthly basis. If you make other sales to other persons, you may already fall within the scope of other VAT regimes, but for the described case - they do not apply to you.
The other important step is to declare it to the National Revenue Agency by submitting the relevant declaration no later than 7 days after the start of the activity of your company. With the start of the company's activity, there is also an obligation to self-insure (as the manager of the company). If you are insured in another EU member state (for example in the Netherlands) and you can prove this with the relevant document issued by the competent Dutch institution, your obligation to self-insure in Bulgaria is no longer applicable.
Regarding the issuance of an invoice - there is no problem in sending your client an English version of the invoice, but there must be a version prepared in Bulgarian as well, since during a possible inspection by the National Revenue Agency they will require all documents that are not in Bulgarian to be translated by a licensed translator.
We hope we have been helpful!
Greetings!