Investment Activity In the Manufacturing Sector – Interesting Statistics

The investment business survey, conducted by the National Statistics Institute among manufacturing companies during the second half of March 2012, provided information for the realized by them investments in 2011and also their investment plans for the present year.

In 2011 the expenses for acquiring tangible and intangible fixed assets in the manufacturing sector are with 10.6% less than those in 2010.
The present business research for investment activity demonstrates… Continue reading »

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Residence Permits for EU Member States’ Citizens On the Territory of Republic of Bulgaria

The regime for residence of EU member states citizens and their families on the territory of Republic of Bulgaria is defined with the Law for entering, residence and leaving the territory of Republic of Bulgaria by citizens of the EU and the members of their families.

An EU citizen is permitted to reside in Bulgaria with an ID card or passport for maximum of three months. If a member… Continue reading »

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Posted in Bulgarian Laws in English, Clients Showcase, Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation | Tagged , , , , , , , , , , |

Bulgaria Ranked in the Top 50 Countries by the World Bank 2012 “Doing Business” Report – Part II

Bulgaria Ranked in the Top 50 Countries by the World Bank 2012 “Doing Business” Report – Part I

We all know how important taxes are and also how crucial for a certain economy is to carefully define the tax rates. But in addition to rates, the administrative procedures concerning the tax payments are of no less importance since in economies where it is more difficult… Continue reading »

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Posted in Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Incorporation, Questions & Answers, Taxation | Tagged , , , , , , , , |

The Specifics of the New VAT Regulation for Member States Presented by the EU – Part III

The Specifics of the New VAT Regulation for Member States Presented by the EU – Part I

The Specifics of the New VAT Regulation for Member States Presented by the EU – Part II

For defining the place of supply of services it is necessary for the supplier to establish if the customer is a taxable customer or not. There is a difference between… Continue reading »

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Posted in Doing Business in Bulgaria, Outsourcing, Questions & Answers, Taxation | Tagged , , , , , , , |

The Specifics of the New VAT Regulation for Member States Presented by the EU – Part II

The Specifics of the New VAT Regulation for Member States Presented by the EU – Part I

The Regulation establish a definition for a fixed establishment in accordance to which this will be any establishment other than the place of the establishment of the business characterized by a sufficient degree of permanence and suitable structure of both human and technical resources which enable it to receive and… Continue reading »

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Posted in Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation | Tagged , , , , , , |