FAQ

A ready-made company is a fully registered Bulgarian Limited Liability Company that already has VAT registration, a bank account, and all required documentation in place. It has never traded, has no debts or liabilities, and is ready for immediate business use after transfer to the new owner.

Buying a ready-made company saves you 4–5 weeks compared to registering a new company and going through the VAT registration procedure separately. It also eliminates the need for notarial certifications abroad, translations, and legalisation — all of which are required when registering a new company from scratch.

No. All our ready-made companies have never traded before, carry no debts or liabilities, and fully comply with all establishment, VAT maintenance, and registration requirements.

The package includes the ready-made company (LLC), VAT registration, Bulgarian bank account with e-banking, transfer of the company to the new shareholder, full translation of all documents into English, tax address prepaid for one year, apostilles on the Certificate of Incorporation and Articles of Association, company stamp, and accounting services for up to 10 documents per month prepaid for one year.

The transfer is completed within 7 working days from the moment the notarised documents are signed and payment is confirmed.

You can sign before any Bulgarian notary, or before a foreign notary with an apostille if no Bulgarian consulate is available in your country. If the new owner is a foreign legal entity or notarisation is performed abroad, please contact us as requirements may vary by country.

No. The entire process can be handled remotely. We prepare all documents and send them to you with detailed signing instructions. Notarisation can be completed at a Bulgarian consulate or a local notary in your country.

You will need a valid passport or national ID card, a Tax Identification Number (TIN/PIN), proof of address (utility bill or bank statement), an active email address and phone number, and payment confirmation. The notarised sale-purchase agreement and specimen signature of the new director are prepared by our team.

Yes. We offer ready-made companies with history starting from 4,000 EUR. Contact us for available options.

We offer nominee director and shareholder (3,800 EUR/year), EORI number registration (100 EUR), company logo design (100 EUR), .bg domain registration (80 EUR/year), Bulgarian landline phone number (40 EUR), and ready-made companies with history (from 4,000 EUR).

Since 2020, EU anti-money laundering regulations have made it significantly harder for foreign individuals and companies to open bank accounts in Bulgaria. Our ready-made companies come with a bank account already in place, saving you the time, documentation, and fees typically required for new account applications.

You have passive monitoring access at all times. Active access requires formal employment by the company per banking regulations. Our accounting team manages transactions with your approval.

Annual fees are non-refundable if services are discontinued before the year ends.

No. All payments and significant actions require your explicit confirmation. Only mandatory tax and social contribution payments proceed with advance notification.

Yes. Nominee services maintain confidential ownership structure with legally binding agreements under EU law.

Additional services are available at 30-80 EUR/hour, billed only upon your request.

It is a monthly legal support subscription designed for small companies, single-member LLCs, and limited liability companies that have recurring legal needs — such as contract drafting and review, employment matters, transaction consultations, and GDPR compliance.

The package is €150 per month, payable annually in advance (€1,800 per year).

Up to 2 hours of attorney time per month, which can be used for consultations, document review or drafting, and correspondence with counterparties.

Up to 4 written documents per year, including standard contracts, declarations, powers of attorney, and similar documents of up to 4 pages each.

You are entitled to one email consultation per month with a response within 48 hours for priority matters.

Yes. The package includes one oral consultation per month of up to 30 minutes, conducted online or by phone.

The package covers the stated allowances. If your needs exceed the included hours or documents in a particular month, additional work can be arranged and quoted separately.

This package is ideal if your company has regular but not intensive legal needs — for example, reviewing supplier or client contracts, getting advice on employment matters, ensuring GDPR compliance, or obtaining quick legal opinions on transactions. If your needs are more complex or frequent, a higher-tier package may be more appropriate.

A VCC is Bulgaria's newest corporate structure, introduced in August 2023. It offers exceptional flexibility in capital management and governance, making it ideal for investment funds, startups, and dynamic businesses. Unlike a standard LLC, it has no fixed capital registration requirement and allows flexible share classes with values as low as €0.01.

A VCC offers variable capital (no fixed minimum), flexible share classes with customisable voting rights and privileges, and simplified governance through a company agreement in ordinary written form. A standard LLC has a fixed registered capital and more rigid share structure.

A VCC is particularly well suited for investment funds, venture capital operations, private equity structures, asset management companies, and startups that require flexible capital arrangements and dynamic share issuance.

Yes. A VCC may have a maximum of 50 employees, annual turnover up to approximately €2,045,000, and total assets up to approximately €2,045,000. If your business is expected to exceed these thresholds, a different corporate structure may be more appropriate.

The package includes full VCC formation, Articles of Association with apostille in English, VAT registration, tax address prepaid for one year, company stamp, Bulgarian bank account with e-banking, and accounting services for up to 10 documents per month prepaid for one year.

The complete setup takes approximately 4 weeks, compared to 6–8 weeks for a traditional company formation from scratch.

No. The process is fully remote. Powers of Attorney (POAs) are prepared by our team after company formation and sent to you for notarisation. These can be signed at any Bulgarian consulate or before a foreign notary with apostille authorisation.

You will need a valid passport or national ID card, a Tax Identification Number (TIN/PIN), proof of address (utility bill or bank statement), and an active email address and phone number. Payment confirmation and the notarised Powers of Attorney (prepared by us) complete the requirements.

After the company is formed, Powers of Attorney are required to authorise our team to act on your behalf for accounting, tax administration, and banking operations. We prepare these documents — you simply sign and notarise them with an apostille.

A VCC can issue multiple classes of shares with customisable features, including preferred shares with special privileges such as multiple voting rights, guaranteed dividends, liquidation priority, and redemption rights. Shares can also be non-voting or acquire voting rights conditionally, as defined in the company agreement.

Yes. The VCC structure is designed with investment activities in mind and offers an optimised tax framework, easier capital access through flexible share issuance and redemption, and simplified decision-making processes compared to traditional corporate structures.

Yes. Shares in a VCC are transferable and inheritable, and can also be pledged or acquired by the company itself. Share transfers require only a written contract — notarisation is optional unless otherwise specified in the articles of association.

The EU Blue Card is designed for highly qualified professionals holding a university degree (minimum 3.5 years of study) and earning at least €23,500 gross annually. It grants 5-year employment permission and broader EU mobility rights. The Single Work Permit is more accessible — with no minimum salary requirement and no degree qualification — but employment permission is valid for up to 3 years only.

The EU Blue Card procedure takes a minimum of three months from the date of a complete application submission. A Single Work Permit typically takes 2–4 months to process. Permanent residence applications may take longer depending on the legal grounds and completeness of documents submitted.

No. You must wait until your work or residence permit is officially issued before commencing employment in Bulgaria. Starting work before permit approval is not permitted under Bulgarian immigration law.

For the EU Blue Card, the employer submits the employment permission application while the applicant is still abroad. The applicant then applies for a Type D (long-stay) Visa at the Bulgarian consulate before entering the country. For most other permit types, the procedure continues in Bulgaria after entry on a valid long-stay visa.

The standard document package includes a valid passport, proof of accommodation, health insurance, a clean criminal record certificate, and — depending on the permit type — an employment contract, university diploma, or proof of pension income. All documents issued abroad must be legalised (apostilled) and accompanied by a certified Bulgarian translation.

For the EU Blue Card package, government fees, notary fees, and official translations are included in the €550 service fee. For all other permit types, translation and legalisation costs are listed separately (up to €150), as they vary depending on the number and type of documents. We coordinate the entire process on your behalf.

Yes. Family reunification is possible under Bulgarian immigration law. Eligible family members — including spouses and dependent children — may apply for a separate residence permit linked to the primary permit holder. Please contact us for details and applicable fees.

The advance payment covers the initial stages of the immigration process — including consultation, case assessment, document review, and preparation. Please note it is non-refundable once the procedure has been formally initiated.

No. The EU Blue Card is issued for the full duration of the employment permission — up to 5 years — with no annual renewal required. This makes it one of the most convenient long-term work authorisation options available in Bulgaria.

Under the 2026 regulatory framework, employer changes are subject to stricter requirements. New filings with the Bulgarian authorities are mandatory and should be submitted before resigning from your current position. We strongly recommend contacting us as early as possible to manage the transition and maintain your legal status.

Residence registration is an administrative process confirming your right to physically live in Bulgaria — it is handled by the Migration Directorate and does not directly affect your taxes. Tax residency is a separate legal status that determines where you pay income tax on your worldwide earnings — it is governed by the Bulgarian Personal Income Tax Act and administered by the NRA. The two often go hand in hand for EU citizens relocating to Bulgaria, but they are separate processes with separate authorities and separate legal consequences.

Not automatically. Physical residence registration with the Migration Directorate does not, by itself, establish Bulgarian tax residency. Tax residency is determined by factual criteria — principally whether you spend more than 183 days per year in Bulgaria or whether your centre of vital interests is in Bulgaria. You must separately register with the NRA to be formally recognized as a Bulgarian tax resident and to obtain a Certificate of Tax Residency.

Useful evidence includes entry and exit stamps in your passport, flight and travel booking records, utility bills and bank statements showing activity in Bulgaria, rental contracts, and employer records. Bulgarian border control records can also be requested. The NRA may request supporting documentation when processing your tax residency registration, particularly if your situation involves ties to multiple countries.

Technically yes, if both countries' domestic laws claim you as a tax resident under their own rules. This is called dual tax residency and can result in double taxation. To resolve this, Bulgaria has signed double taxation treaties with most EU member states and many other countries. These treaties contain tie-breaker rules that determine which country has primary taxing rights. Obtaining a Bulgarian Certificate of Tax Residency is the key document used to invoke these treaty protections.

You will typically need to formally deregister as a tax resident in your previous country. Requirements vary — some EU countries accept a straightforward deregistration notification, while others (notably Germany, the Netherlands, and France) scrutinize departures carefully and may challenge your Bulgarian tax residency if significant personal or economic ties remain. We strongly recommend obtaining professional advice before relocating if you have substantial income, assets, or business interests in your previous country of residence.

Bulgaria applies a flat 10% rate on all personal income — salaries, freelance income, rental income, and capital gains. Dividend income distributed from a Bulgarian company to an individual is taxed at 5%. There is no progressive tax scale and no higher rate for large earners. Combined with Bulgaria's relatively low cost of living and social insurance contributions that are capped at a monthly ceiling, the effective tax burden for most EU relocators is significantly lower than in most Western European countries.

Yes. The NRA issues Certificates of Tax Residency for previous calendar years, provided you were registered as a Bulgarian tax resident during that year and can demonstrate that the residency criteria were met. This is relevant if you need to reclaim withholding tax deducted abroad on income earned while you were already a Bulgarian tax resident.

Yes, if you have taxable income. Bulgarian tax residents must declare their worldwide income in an annual personal income tax return filed with the NRA by 30 April of the following year. Income earned and already taxed abroad may be exempt or credited under applicable double taxation treaties. Our accounting team provides full support with Bulgarian personal tax return preparation and filing.

For a well-prepared EU citizen with complete documentation, the full process — Certificate of Registration, TIN for foreigners, municipality address registration, and NRA tax residency registration — can be completed within 3 to 4 weeks. Obtaining the Certificate of Tax Residency takes an additional 1 to 2 weeks after NRA registration. Total elapsed time from arrival to having all documents in hand: typically 4 to 6 weeks.

Yes. We can manage the majority of the process using a notarized power of attorney, allowing you to authorize our team to submit applications, collect documents, and liaise with the Migration Directorate, municipality, and NRA on your behalf. Certain steps — such as biometric data collection — require your personal presence, but these are minimal and can be scheduled efficiently.

NBS is the brand under which Accounting Services Bulgaria Ltd. delivers its accounting and financial services. Accounting Services Bulgaria Ltd. has been operating on the Bulgarian market since 1999 — giving NBS clients access to over 25 years of professional accounting expertise and a proven track record with more than 100 active client companies, including internationally represented businesses.

NBS offers three tiers of accounting service: a Startup Package for newly established companies with transparent document-based pricing, a Standard Package for established businesses, and a Corporate Package for larger organisations and international subsidiaries. Contact us to find out which package suits your business best.

The Startup Package pricing is published on this page. For Standard and Corporate package pricing, please contact NBS directly — fees are tailored to your specific document volume, business type, and reporting requirements.

Yes. The monthly fee applies regardless of activity levels, because NRA declarations and accounting journals must be prepared and submitted every month — even for inactive companies. This is a legal requirement under Bulgarian accounting and tax law.

If you occasionally exceed the document limit of your pricing tier, those additional documents are processed at no extra charge. If your volume consistently exceeds your tier, your fee will be adjusted to the appropriate tier going forward.

No — these are listed as additional services. VAT registration documentation costs €130 and bank account opening assistance costs €200. Both can be arranged by NBS on your behalf.

Yes. A significant portion of NBS's 100+ client portfolio consists of internationally represented companies. We are experienced in meeting both Bulgarian statutory requirements and the internal reporting standards of international headquarters, and we communicate in both Bulgarian and English.

Payroll administration is available as an additional service at €20 per employee per month, delivered through NBS's partnership with Accounting Services Bulgaria Ltd. — which has over 25 years of payroll experience in Bulgaria.

Contact the NBS team with basic information about your company — activity type, expected monthly document volume, and any specific requirements. We will recommend the most suitable package and guide you through the onboarding process.

NBS delivers payroll and HR administration services in partnership with Accounting Services Bulgaria Ltd. — a specialist firm with over 25 years of experience in payroll processing, staff administration, and salary calculation in Bulgaria. Together, we currently manage payroll for more than 100 Bulgarian companies, including numerous internationally represented businesses.

Our service covers the full payroll cycle — including salary calculation, gross-to-net processing, social security and health insurance contributions, income tax withholding, employment contract administration, NRA and NSSI filings, HR record management, leave tracking, and customised payroll reporting.

Yes — and this is one of our core strengths. A significant portion of the 100+ companies we serve are internationally represented businesses. We are experienced in meeting both Bulgarian statutory requirements and the internal reporting standards expected by international headquarters, and we communicate fluently in both Bulgarian and English.

Accounting Services Bulgaria Ltd. maintains continuous monitoring of changes to Bulgarian labour law, the Social Security Code, and tax regulations. With over 25 years of active practice, the team has navigated every major legislative reform in Bulgarian payroll history — and your company benefits directly from that accumulated expertise.

All payroll and personnel data is handled under strict confidentiality protocols and in full compliance with GDPR and Bulgarian data protection legislation. Access to sensitive information is strictly limited to the authorised team members responsible for your account.

Yes. We have experience processing payroll for mixed workforces that include both locally hired Bulgarian employees and expatriate staff — navigating the specific social security, tax treaty, and reporting considerations that apply to each category.

We provide standard Bulgarian statutory payroll reports as well as customised management reports tailored to your internal or group reporting requirements. If your headquarters requires payroll data in a specific format or currency, we accommodate those needs as part of the service.

Contact the NBS team with basic information about your company — number of employees, employment types, and any specific reporting requirements. We will assess your needs, provide a tailored proposal, and coordinate the onboarding process with Accounting Services Bulgaria Ltd. to ensure a smooth and timely transition.

The Union One Stop Shop (OSS) is an official EU electronic portal that simplifies VAT compliance for businesses selling goods and services to consumers across EU member states. Launched on 1 July 2021, it replaced the previous Mini One Stop Shop (MOSS) system and significantly expanded its scope — from digital services only to all intra-EU distance sales of goods and B2C services. Through OSS, eligible Bulgarian businesses can manage up to 95% of their EU VAT obligations through a single portal, eliminating the need to register for VAT separately in every EU country where their customers are located.

It depends on your business profile. OSS registration is mandatory if your annual intra-EU B2C sales exceed €10,000, or if you provide digital services (such as software, streaming, or apps) to EU consumers — in which case the obligation applies from the very first sale with no threshold. If your sales are below €10,000, registration is voluntary but often advisable. Marketplaces and electronic platforms facilitating sales by non-EU sellers are also required to register, as they are deemed the supplier for VAT purposes.

The €10,000 threshold is calculated across all intra-EU B2C sales channels combined — including your own website, marketplaces, and any other platforms — during the current and previous calendar year. Once this threshold is exceeded, VAT becomes due in each buyer's EU member state, and OSS is the simplest way to comply.

OSS registration offers significant administrative advantages. Instead of registering for VAT in every EU country where you have customers, you register once in Bulgaria, file a single quarterly return with the Bulgarian National Revenue Agency (NRA) covering all EU member states, and make one consolidated VAT payment. All communication is handled in Bulgarian with the Bulgarian NRA — dramatically reducing administrative burden and cost.

To register for OSS in Bulgaria, your company must hold a valid Bulgarian VAT number, have annual intra-EU B2C sales exceeding €10,000 (or be a digital services provider selling to EU consumers), and submit the application electronically via the NRA portal (nra.bg) using a Qualified Electronic Signature (QES). A Bulgarian company may only register for OSS in one EU member state at a time.

The process involves five steps: verifying your eligibility and Bulgarian VAT registration, obtaining a Qualified Electronic Signature (QES) if you don't already have one, submitting your OSS registration application through the NRA portal, receiving your unique OSS identification number upon approval, and then applying the correct VAT rate of each buyer's country from the registration date onwards. NBS can manage this entire process on your behalf.

OSS VAT returns are filed quarterly, aligned with the calendar quarter. A separate OSS return must be submitted to the Bulgarian NRA each quarter — even if no supplies were made during that period. Importantly, the OSS return is filed in addition to your standard Bulgarian VAT return and does not replace it. Each transaction must reflect the VAT rate of the buyer's country, not the Bulgarian rate.

No. Bulgarian companies registered for OSS are not required to issue a VAT invoice for each individual intra-EU distance sale — which further reduces administrative workload for high-volume sellers.

Not in all cases. If you are a dropshipper with stock located outside the EU at the time of the order, OSS does not apply to those transactions. OSS is specifically designed for intra-EU distance sales and B2C services. If you are unsure whether your business model falls within the OSS framework, NBS can assess your situation and advise accordingly.

A platform is considered the deemed supplier — and therefore liable for VAT — when it facilitates intra-EU distance sales or domestic supplies made by a non-EU seller. However, if the platform facilitates sales by an EU-based seller, the seller remains liable for VAT, not the platform. An electronic interface is considered to have facilitated a sale when it enables a buyer and seller to connect resulting in a completed transaction.

If your company exceeds the €10,000 threshold and does not register for OSS, it is legally required to register for VAT individually in every EU member state where it has customers. This means dealing with multiple tax authorities, different languages, varying filing deadlines, and separate VAT payments in each country — a significantly more complex and costly alternative to OSS.

NBS provides a complete OSS compliance service for Bulgarian companies. This includes handling your full OSS registration with the Bulgarian NRA, preparing and filing all quarterly OSS returns on your behalf, ensuring the correct EU VAT rates are applied for every destination country, and continuously monitoring regulatory changes to keep your business fully compliant. Contact NBS to get started.

A UBO (Ultimate Beneficial Owner) is the natural person who ultimately owns or controls a legal entity. In most jurisdictions, this means an individual holding 25% or more of a company's shares or voting rights, or anyone exercising effective control over its management — regardless of how many intermediary companies or structures sit in between.

Yes. UBO registration is now a legal requirement in the EU, the United States, the United Kingdom, and many other jurisdictions worldwide. Businesses are required to maintain accurate, up-to-date UBO records in national registers. Failure to comply can result in significant fines, reputational damage, increased regulatory scrutiny, and in serious cases, loss of operating licences.

Yes, and this is one of the most complex aspects of UBO compliance. Requirements vary significantly from country to country in terms of thresholds, deadlines, documentation, and registration procedures. NBS specializes in cross-border UBO compliance and can manage the process across multiple jurisdictions simultaneously, providing you with a clear compliance roadmap for each relevant country.

Any significant change in ownership or control — including mergers, acquisitions, or changes in voting rights — typically triggers an obligation to update your UBO records. NBS monitors your corporate structure on an ongoing basis and responds to exactly these kinds of trigger events to ensure your registrations remain accurate and compliant at all times.

NBS conducts both annual reviews and event-driven reviews. Annual reviews validate your registered UBO data against your current corporate structure, while event-driven reviews are triggered by changes such as ownership transfers, restructurings, or new market entries — ensuring continuous compliance throughout the year.

Yes — both personal and corporate bank accounts are available to non-residents and foreign nationals. However, the process is thorough and requires detailed KYC (Know Your Customer) documentation, certified paperwork, and compliance declarations. NBS guides foreign clients through every step to ensure a smooth and successful application.

The review process typically takes a minimum of 10 business days, depending on the bank and the completeness of the documentation provided. NBS's established relationships with leading Bulgarian banks help ensure the process moves as efficiently as possible.

Not necessarily. Through NBS's partner banks, we offer one of the few authorised remote account opening services available in Bulgaria. Using a notarised power of attorney legalised at a Bulgarian embassy in your country, you can receive a fully operational corporate account, company card, and online banking access — all without setting foot in Bulgaria. A personal account and card can also be added under the same arrangement.

Bulgarian bank accounts support multiple currencies, including EUR, BGN, USD, GBP, and more — making them well-suited for international business operations, cross-border payments, and multi-currency financial management.

Bulgarian accounts are fully functional for a wide range of purposes, including business operations, payroll processing, real estate transactions, EU transfers, and everyday personal banking. All accounts come with full internet and mobile banking access, as well as international debit and credit cards.

Bulgaria offers a uniquely competitive combination of financial stability and tax efficiency. Bulgarian banks maintain capital buffers that significantly exceed EU minimum requirements, ensuring strong depositor protection. The country has a flat 10% corporate and personal income tax rate — the lowest in the EU. As a full SEPA member, Bulgaria enables fast, low-cost euro transfers across the EU, while the Bulgarian Lev is pegged to the Euro at a fixed exchange rate, eliminating currency risk for euro-denominated transactions.

Yes. Bulgaria is an EU member state with a well-capitalised banking sector that operates under EU regulatory frameworks. Bulgarian banks maintain capital reserves significantly above EU minimum requirements, providing a high level of depositor security and financial stability.

Requirements vary by bank and applicant type, but generally include certified identification documents, proof of address, corporate documentation for business accounts, and compliance declarations. NBS advises each client on the exact requirements of their chosen bank to avoid delays or rejections.

A Ready-Made Company is a pre-registered Bulgarian company that NBS can provide as part of an accelerated setup package. Because the company already exists in the register, it significantly speeds up the bank approval process — making it the fastest route to a fully operational corporate account in Bulgaria.

NBS's bank account opening assistance starts from €200. The exact fee depends on the type of account, the level of support required, and whether remote or in-person assistance is chosen. Contact NBS for a personalised quote based on your specific situation.

With over 22 years of experience, NBS has built strong, established relationships with leading Bulgarian banks and has an in-depth understanding of what each institution requires from foreign applicants. This insider knowledge significantly reduces the risk of rejection, speeds up the process, and ensures your documentation is prepared correctly from the outset — saving you time, money, and frustration.

Not always — but for many business matters in Bulgaria, the answer is yes. Issues such as tax disputes, M&A transactions, business restructuring, and regulatory investigations have both legal and financial dimensions that must be addressed together. Our team regularly deploys lawyers and accountants jointly on the same case, ensuring fully coordinated advice.

Yes. Our tax lawyers and accountants provide representation before the National Revenue Agency (NRA) during audits, tax assessments, and appeals. We prepare responses to NRA requests, challenge incorrect assessments, and negotiate settlements where appropriate.

We handle the full range of commercial contracts used in Bulgarian business practice — including sale and purchase agreements, service contracts, distribution agreements, employment contracts, lease agreements, shareholder agreements, joint venture agreements, and NDAs. We also review and advise on contracts governed by foreign law where they involve Bulgarian parties or assets.

Yes. Out-of-court settlement is often the preferred option — it is faster, less costly, and preserves business relationships. Our team conducts negotiations directly with the opposing party or their representatives, and can facilitate mediation proceedings under Bulgarian law. Litigation is pursued where settlement is not achievable or not in your interest.

For urgent matters, we can arrange same-day or next-day consultations with the relevant expert. Standard consulting engagements are typically scheduled within two to three business days. We understand that business decisions often cannot wait and we organize our team accordingly.

Yes. Our partners provide services nationwide and can represent clients before courts and authorities in all Bulgarian cities. For matters requiring physical presence outside Sofia, we coordinate with affiliated local offices in Plovdiv, Varna, Burgas, and other major centers.

Absolutely. A significant portion of our client base consists of foreign investors, EU companies with Bulgarian subsidiaries, and non-EU businesses entering the Bulgarian market. Our team works in English and other languages and is experienced in advising clients who are unfamiliar with the Bulgarian legal and tax system.

Legal consulting means providing advice — analyzing your situation, explaining your rights and obligations, and recommending a course of action. Legal representation means acting on your behalf before courts, authorities, or counterparties. We offer both, and clients often begin with a consultation before deciding whether formal representation is required.

Yes. Our accounting team covers both ongoing compliance — bookkeeping, VAT returns, annual financial statements, payroll processing — and dispute work such as challenging NRA assessments, preparing documentation for tax audits, and advising on transfer pricing. We can serve as your outsourced accounting function or provide targeted support for specific issues.

We offer several fee arrangements depending on the nature and duration of the engagement: fixed fees for defined tasks (such as contract drafting or company registration), hourly rates for consulting and advisory work, and retainer arrangements for clients requiring ongoing support. We provide a transparent fee estimate before any engagement begins.

A company with history is an already established and fully operational legal entity with years of verified financial records, active bank accounts, VAT registration, and a clean tax standing. Unlike a newly incorporated company — which starts with zero track record — a company with history gives you immediate credibility, documented turnover, and proven financials from day one. This opens doors to financing, tenders, EU funding, and international partnerships that would otherwise take years to access.

Every company in the NBS portfolio comes fully equipped and ready to operate. This includes complete accounting history with verified balance sheets, an active and operational bank account, full VAT registration in Bulgaria, a clean tax certificate with no outstanding liabilities, and 3 to 5 years of documented turnover and profit records. The company name, registered activity, and share capital can all be changed at the point of sale to suit your needs.

Yes — all of these can be amended at the point of acquisition. The company name, registered business activity, and share capital are all fully transferable and customisable, so you can tailor the entity to fit your specific business requirements from the moment it becomes yours.

Yes. All companies in the NBS portfolio carry full VAT registration in Bulgaria, which is included as standard with every acquisition.

There are several common use cases. Businesses applying for stock credits in China require verified company history and financial records — Chinese lenders typically will not consider newly incorporated entities. Companies seeking EU grant funding must often demonstrate a minimum of 2 to 3 years of operation. International tenders and procurement processes frequently require proven turnover thresholds. Entrepreneurs launching new ventures can also benefit from the instant credibility of an established entity, rather than waiting years to build a financial track record from scratch.

The process is straightforward and fully guided by NBS. You begin by reviewing the available portfolio and selecting companies that match your needs. NBS then provides a detailed profile including full financial records, turnover history, and company documentation. After completing your due diligence — reviewing balance sheets, bank statements, and tax certificates — you agree on the final terms, including any changes to the company name, activity, or capital. The legal transfer of ownership is then completed, and the company is immediately ready to operate.

Every company comes with complete balance sheets, profit and loss accounts, and full accountancy documentation covering all past years. NBS provides these records during the due diligence phase so you can make a fully informed acquisition decision.

Single company acquisitions start from €4,000. If you are purchasing multiple companies, bundle pricing is available from €3,500 per company. All prices are exclusive of VAT. Selected companies are also available via auction — contact NBS directly for a tailored offer.

Yes. NBS offers bundle pricing for clients acquiring multiple companies, starting from €3,500 per company. This makes it an efficient option for investors looking to diversify or build a broader business portfolio.

Yes — selected companies from the NBS portfolio can be offered via auction. Contact NBS directly for details and to receive a tailored auction offer based on your requirements.

Yes. All companies in the NBS portfolio are fully compliant entities with clean tax certificates, no outstanding liabilities, and complete and verifiable financial records. The acquisition process follows standard Bulgarian legal procedures for the transfer of company ownership, and NBS guides clients through every step to ensure full legal compliance.

NBS specializes in business solutions for companies looking to expand, restructure, or establish a stronger market presence in Bulgaria and the EU. With deep expertise in Bulgarian corporate law, banking, and compliance, NBS ensures that every acquisition is smooth, transparent, and tailored to your specific business objectives — whether you are targeting Chinese stock credit applications, EU project funding, or building a credible international business portfolio.

Typically 7–9 months for the standard procedure, or 4–5 months if your company qualifies for the accelerated track introduced in October 2024.

Liquidation is a voluntary process initiated by shareholders to close a company in an orderly way. Insolvency is a court-driven procedure for companies that can no longer pay their debts. If insolvency is discovered during liquidation, the liquidator must file for insolvency proceedings.

Yes, but the company cannot be deleted until all liabilities are settled. If debts exceed assets, insolvency proceedings may be more appropriate.

No, but the NRA may initiate one. The risk is higher for companies with VAT history or unresolved tax matters. Some clients wait two years after their last VAT transactions before starting liquidation.

Any director, shareholder, or third party. No special professional qualification is required. We can appoint a professional liquidator if needed (300 EUR).

No. The process can be handled remotely. You sign documents and return them by email. A notarially certified specimen signature of the liquidator is the only step requiring a notary.

The core package is 300 EUR. Optional services are listed above. State fees payable to the Commercial Register are separate.

NBS has selected RENOMIA as its dedicated insurance partner in order to offer clients access to premium, expert-level insurance services. NBS acts as your first point of contact — connecting you with the right RENOMIA specialists for your specific needs.

RENOMIA directly operates in 13 countries across Central and Eastern Europe through its own branches and subsidiaries. Through its membership in the Worldwide Broker Network and its partnership with Gallagher, RENOMIA is also able to provide quality services in many additional locations worldwide — making it a truly international partner for businesses with global footprints.

RENOMIA handles a broad spectrum of claims in property, transport & logistics, liability, employee benefits, cyber, and specialized industrial lines — across its entire network of countries and beyond.

RENOMIA prioritizes fast, accurate claims settlement and operates 24/7 to ensure urgent matters are addressed promptly. Processing times vary based on claim complexity, but clients benefit from dedicated account managers and loss adjusters working on their behalf from start to finish.

Yes. RENOMIA partners with leading global insurers and reinsurers including Lloyd's, Munich RE, Swiss RE, Scor, Chubb, and Generali. It is also backed by Gallagher, the world's third-largest global broker, providing access to international expertise, products, and markets.

Absolutely. RENOMIA specializes in tailoring insurance programs to the unique risk profiles of each client. Their consultative approach combines comprehensive risk analysis, industry expertise, and deep market knowledge to build optimal coverage at competitive terms.

RENOMIA has specialist teams covering transport & logistics, construction, energy, healthcare, IT, financial services, and many other industrial and business sectors. Each client benefits from industry-specific expertise rather than a generic, one-size-fits-all approach.

Simply contact NBS — your dedicated intermediary for RENOMIA services. We will assess your needs and connect you with the appropriate RENOMIA specialists to get you the coverage and support your business requires.

An Apostille is an official certification that verifies the authenticity of a public document for use in countries that are members of the Hague Convention. It is the standard form of document legalisation between Hague Convention member states, eliminating the need for further embassy certification.

Legalisation is required when your document will be used in a country that is not a member of the Hague Convention. In such cases, a more extensive certification process through the relevant embassy or consulate is required.

Yes — most official documents must be translated by a certified translator to be accepted by Bulgarian authorities or institutions abroad. Uncertified translations are generally not legally recognised for official purposes.

The timeframe depends on the type of document and the specific procedure required. Most services are completed within a few business days to a couple of weeks. We will provide a precise timeline during your initial consultation.

Yes. We provide a complete end-to-end service covering certified translation, Apostille, legalisation, and embassy certification — so you don't need to navigate multiple authorities yourself.

Absolutely. We assist both individuals and companies with a wide range of documents, including personal certificates, corporate records, powers of attorney, diplomas, and more.

Yes — all our translations comply with applicable legal requirements and are accepted by Bulgarian institutions and foreign authorities. We work exclusively with qualified, certified translators to ensure full legal validity.

New Business Solutions specialises in helping foreign investors establish a business presence in Bulgaria. The company manages the entire formation process — from documentation and registration to permits, legal formalities, accounting, and bookkeeping — available as standalone services or as part of all-inclusive packages.

Bulgaria offers one of the lowest corporate tax rates in the EU (10% flat), low operational costs, a well-educated multilingual workforce, strategic geographic location, and seamless access to European markets. It is one of the most cost-effective entry points into the EU economy.

Yes. The team manages everything on your behalf — from preparation of documentation and registration with Bulgarian authorities to banking support and ongoing legal and accounting compliance — so you can focus on running your business.

Bulgaria applies a flat 10% corporate income tax on net profit — one of the lowest rates in the European Union. There are no complex progressive brackets; the rate is simple, predictable, and applies uniformly to all companies.

Yes. Dividends distributed to shareholders are subject to a 5% withholding tax — significantly below the EU average, which typically ranges between 15% and 30% depending on the country.

Yes. Bulgaria has concluded Double Taxation Treaties with over 71 countries worldwide, helping businesses and investors avoid being taxed twice on the same income in two different jurisdictions.

All Bulgarian companies must have a registered local tax address and maintain proper accounting. New Business Solutions can arrange both fully on your behalf.

The dividend withholding tax in Bulgaria is 5% — one of the lowest rates in the EU. For context, Germany applies 25%, France and Sweden 30%, Spain between 19% and 28%, and Romania recently increased its rate to 8%.

The 5% rate applies to both resident and non-resident individuals receiving dividends from Bulgarian companies. For dividends paid to legal entities registered within the EU or EEA, the rate may be reduced to 0% under specific conditions set out in the EU Parent-Subsidiary Directive.

With a 10% flat corporate tax on profits and a 5% dividend tax on distributions, the overall effective tax rate remains among the lowest available within a fully EU-compliant framework.

Yes. Dividends received by a Bulgarian holding company from EU subsidiaries are generally exempt from corporate tax under the EU Parent-Subsidiary Directive, making Bulgaria an efficient hub for consolidating profits from international business groups.

Bulgaria has concluded Double Taxation Treaties (DTTs) with more than 70 countries, covering major economies across the EU, the United Kingdom, the United States, Switzerland, the Middle East, Asia, and other key global markets.

Relief is typically provided through one of three methods: the tax credit method (foreign tax paid is credited against Bulgarian tax), the exemption method (certain foreign-source income may be exempt in Bulgaria), or reduced withholding rates applied at source under the applicable treaty.

Yes, in certain cases. Under the EU Parent-Subsidiary Directive and the Interest and Royalties Directive, qualifying intra-EU payments may attract 0% withholding tax when all relevant conditions are met.

Companies must maintain valid tax residency, adequate corporate substance where required, accurate documentation including tax residency certificates, and must follow correct withholding tax procedures. Professional tax support is strongly recommended.

Bulgaria offers highly qualified, multilingual professionals — particularly in IT, engineering, finance, law, and accounting — at labour costs that are the lowest in the EU. English is widely spoken at a high standard, alongside German, French, Spanish, and Russian.

Yes. Citizens of any EU or EEA member state have the right to live and work in Bulgaria without a work permit. Upon taking up residence, they are issued a Temporary EU Residence Card, which serves as official identification for employment, banking, and public services.

Non-EU nationals must obtain a Long-Stay Visa Type D before entering Bulgaria, followed by a Work Permit issued by the Bulgarian Employment Agency and a Temporary Residence and Work Permit from the Migration Directorate. For highly skilled professionals, the EU Blue Card is also available.

Yes. The team provides end-to-end support for both EU and non-EU hires — from Visa D applications and work permit submissions to residence registrations and coordination with Bulgarian authorities.

Yes. The Bulgarian banking sector is well-capitalised, supervised by the Bulgarian National Bank (BNB) and aligned with European Central Bank regulations. Major European banking groups — including UniCredit, Société Générale, and OTP — operate in Bulgaria, bringing internationally recognised standards of service.

Bulgaria's official national currency is the Euro (EUR). This eliminates exchange rate risk for businesses operating across the eurozone and simplifies cross-border transactions, accounting, and banking operations.

Bulgarian banks offer modern online and e-banking platforms, multi-currency accounts, international transfers via SEPA and SWIFT, competitive fees, and dedicated corporate relationship managers.

Yes. The team assists with both corporate and personal bank account opening, including full support with KYC (Know Your Customer) documentation — verifying identity, confirming source of funds, and preparing all required materials to minimise delays and rejections.

Yes. Since joining the EU in 2007, Bulgaria has systematically transposed European legislation into its national legal framework. Company law, contract law, GDPR, employment regulations, intellectual property rights, financial services regulation, and competition law all operate in full alignment with EU standards.

Contracts are enforceable under frameworks consistent with European standards. Intellectual property registered in Bulgaria benefits from EU-wide protection. Data handling follows GDPR. Employment and corporate governance follow EU-derived principles — reducing legal risk and compliance complexity significantly.

Yes. For businesses coming from outside the EU, registering a company in Bulgaria effectively means establishing a presence within the full EU legal framework — gaining access to the Single Market, regulatory passporting in certain sectors, and the legal credibility of operating in a fully regulated European jurisdiction.

Bulgaria applies a flat 10% personal income tax rate on all taxable income — one of the lowest in the EU, and dramatically lower than the progressive rates in most of Western Europe, where personal income tax can reach 45% to 55% for higher earners.

An individual qualifies as a Bulgarian tax resident if they maintain a permanent registered address in Bulgaria, spend more than 183 days per year in the country, or have their centre of vital interests — primary personal, family, and economic ties — located in Bulgaria.

In most cases, yes. Becoming a Bulgarian tax resident typically requires formally ceasing tax residency in your previous country of residence, in accordance with the applicable Double Taxation Treaty. Professional legal advice is essential to ensure a compliant transition.

Bulgaria offers a high quality of life at low cost. Sofia is a modern, well-connected European capital with excellent infrastructure, international schools, and a vibrant business community. The cost of living — accommodation, dining, healthcare, and services — is among the lowest in the EU.

Yes. The team provides full support for the entire process — from initial consultation and permanent address registration to obtaining a Bulgarian personal identification number, coordinating exit from your current tax residency, and assisting with related company formation or banking requirements.

There are four main formation packages — All-in-One, Annual Accountancy, Standard, and Basic — each combining company formation with different levels of ongoing support. There is also a separate Operational Legal Support package for companies with recurring legal needs.

All four formation packages include company formation (covering lawyer's fees, one company stamp, a Certificate of Good Standing in Bulgarian, and state fees), Apostilles on the Certificate of Incorporation and Articles of Association with English translation, a registered tax address, and assistance with opening a Bulgarian bank account with online banking.

All packages cover formation of any Bulgarian commercial entity, including LLC (OOD/EOOD), JSC, LP, VCC, and others. The formation price varies between EUR 350 and EUR 1,000 depending on the entity type.

Yes. Each package offers a saving compared to purchasing the services separately — ranging from EUR 150 on the Basic package up to EUR 350 on the All-in-One package.

The registered address provides an official address for tax purposes that may be visited by the National Revenue Agency and other public authorities. It includes receiving correspondence from clients, suppliers, and government institutions on behalf of the company, and use of the team's email for communications with tax authorities. The service is priced at EUR 360 per year.

The service covers preparation and submission of all required bank documentation including KYC requirements, opening current accounts in multiple currencies with online banking access, and issuing a business debit card.

This is the most comprehensive package, designed for businesses launching operations in Bulgaria that need everything in place from day one — company formation, VAT registration, a registered address, banking, and ongoing monthly accountancy. It is particularly suited for businesses trading within the EU.

The monthly accountancy service covers bookkeeping and submission of VAT returns for up to 10 documents per month, priced at EUR 1,200 per year. Free tax advisory services are included when the fee is prepaid annually.

With a Bulgarian VAT number, your company can buy and sell goods or services at zero VAT within the EU, and reclaim VAT charges from other EU member states where applicable. VAT registration is essential for most EU transactions.

The regular price of all included services totals EUR 2,520. The package price is EUR 2,170 — a saving of EUR 350.

This package combines company formation with annual accountancy and banking, suited for companies that are not VAT-registered and have a moderate volume of documents. It is a cost-effective option for businesses that do not require monthly VAT filings.

It covers monthly accountancy for a company without VAT registration and the preparation of a closing balance for up to 100 documents per financial year. The fee of EUR 800 is prepaid annually in advance.

The regular price of all included services totals EUR 1,860. The package price is EUR 1,530 — a saving of EUR 330.

The Standard Package covers company formation, Apostilles, a registered tax address, bank account opening, VAT registration, and an English-language certificate of VAT registration. It is suited for businesses that need VAT registration but will arrange their own ongoing accountancy separately.

Yes. The Standard Package includes both VAT registration and an official certificate of VAT registration translated into English — useful for dealings with international clients and partners.

The regular price of all included services totals EUR 1,320. The package price is EUR 1,080 — a saving of EUR 240.

The Basic Package covers company formation, Apostilles, a registered tax address, and bank account opening. It is the most affordable option, suited for businesses that already have accounting and VAT arrangements in place and need only the core formation and banking services.

No. Neither VAT registration nor accountancy is included in the Basic Package. Both can be added as standalone services if required.

The regular price of all included services totals EUR 1,060. The package price is EUR 910 — a saving of EUR 150.

It is a monthly legal retainer service priced at EUR 150 per month, payable annually in advance at EUR 1,800 per year. It is designed for small companies, single-member LLCs, and limited liability companies that have recurring legal needs throughout the year.

Each month the package includes up to two hours of attorney time for consultations, document review or drafting, and correspondence with counterparties; one email consultation with a response within 48 hours for priority matters; and one oral consultation of up to 30 minutes, available online or by phone.

Up to four written documents per year are included — such as drafting or reviewing standard contracts, declarations, or powers of attorney of up to four pages each.

The package covers a broad range of recurring legal needs including drafting and reviewing contracts, employment matters, transaction consultations, and GDPR compliance.