It is the beginning of the year and according the Chapter 5 from the Accounting Law every single Bulgarian company is obliged to complete the year end closure and to prepare and publish its financial statements. The deadlines for the above mentioned obligations are the following:
- for the submission of the Annual Tax Returns for 2011 to the National Revenue Agency and to the National Statistic Institute – no… Continue reading »
The joint-stock company is a classic capital trade company in which there is almost a full detachment between the legal entity and the shareholders. For that reason the partners are called shareholders. The capital of the company is divided into equal parts, called shares. The shares are securities which materialize the capital and the participation in the joint-stock company.
The joint-stock company has the following distinguished characteristics:
- It is… Continue reading »
Pin-the-tail-on-the-donkey games are popular with young children and parents alike. Just put on a blindfold, spin around a few times and enjoy as the person struggles to stick a pin into the picture of a donkey that’s missing its tail. Traditional games like this are fine but what worries me is when we take this approach to choosing the professionals who handle our personal and business matters, such as your… Continue reading »
Are you a foreign businessman interested in registering a company and starting a business in Bulgaria? In this case this article is exactly for you. These are the first things you need to consider before you go into action.
First, you need to define exactly the following:
• The name of the new company
• The official address of management
• Number of shareholders… Continue reading »
One hot topic circulating around Bulgaria today is “Should I move offshore?” Tax advantages are just one side of the story. But what else have offshore jurisdictions to offer to entrepreneurs and how Sb Accounting & Consulting can assist you in entering these markets? Find all the answers here.
It is a fact that numerous international multi-million corporations tend to go offshore… Continue reading »