Opening a bank account for a company

Published on Oct 17, 2023

Bulgarian businesses often face significant difficulties when it comes to opening a bank account with a Bulgarian bank to ensure their operation. The solution then most often consists of appointing a local banking representative, who will ensure communication between the bank and the company. ...

  • Read Article

Salaries: our ranking of tax and social efficiency in Europe

Published on Apr 14, 2023

With capped social contributions and a low wage tax rate (10%), Bulgaria is the European champion of wage efficiency (net salary received / employer cost). On the panel of countries compared in this article (France, Romania, Luxembourg, Bulgaria, Switzerland), Bulgaria seems at first sight ...

  • Read Article

The call centres in Bulgaria

Published on Jan 19, 2015

Bulgaria has become a reference for the outsourcing platforms, especially in the field of help and call centres. LPG Bulgaria explains you why and give you some examples of success. See our article on the call centres in Bulgaria.

  • Read Article

Taxation of Bulgarian companies

Published on Jan 19, 2015

Bulgarian companies have low taxes: they pay an income tax (or corporation tax) of 10%. This 10% rate is the lowest corporate tax among the countries of the European Union. Companies with taxable income in a given year less than 300 000 leva (about € 150,000) are not required to pay a ...

  • Read Article

Preparing and publishing annual reports

Published on Jan 19, 2015

Depending on their size, Bulgarian companies must prepare their annual reports according to international standards or Bulgarian accounting standards. Under penalty of sanction, annual reports (balance sheets, etc. ) must be filed with the Bulgarian Registry of Commerce before June 30 or July ...

  • Read Article