Blog Category: Investors Support

The serious supply of office buildings in the city of Sofia in the last few years formed several different segments in that sphere of the real estate business. Several projects of office buildings of the highest quality are being preferred by the companies, while other projects are turning into outsiders. Those investors who have been smart enough to put their efforts on the planning and have carefully chosen the location of their office buildings, and have further insisted on the easy access, the good technical characteristics and the available parking options are now attracting the attention of the companies.

The city of Sofia is among the European capitals with the greatest number of available offices of the highest class A. In the last year 2011, the rental levels of the offices have been stable. The same tendency could be seen at the office markets in Central and Western Europe, as well as in Russia. The office markets in Moscow and London have faced an increase in the rental levels of approximately ten per cent, while the office markets in Sofia, Athens and Dubai has underwent a decrease of eight per cent. The reasons for that for the city of Sofia is not the lack of interest but the increased number of offices available for rent. The tendencies for Sofia city a...

Now that the deadline for the company re-registration in Bulgaria is near, many company owners in the country should act quickly and arrange that procedure. Otherwise, they will have serious troubles with the ownership of their properties. All the companies, which are not included in this new online register according to the regulations of the Trade Register Law, shall be removed from the register of companies in the country. This will also result in a loss of the company assets, which includes properties as well. This is so, because the companies that have not went through the re-registration process shall be blocked and will not be able to sell their properties.  

The deadline for the process of re-registration of companies in Bulgaria is at the end of the year or 31st December 2011. In case of failure to complete that procedure, the owners of companies might lose them and also lose the properties that are bought on the name of the company that is not re-registered.

This is important information for all those investors, who have purchased properties by company registration in ...

By the end of June 2010 all Bulgarian companies registered in the Registry Agency must submit their financial reports for 2009, which is done in the Bulgarian Trade Register of the Registry Agency.
 

The companies that do not submit their annual financial reports on time are facing penalties from 2000 up to 3000 leva. There are more than 27000 such companies in Bulgaria  for 2008.
 

The list of those companies has already been prepared by the Bulgarian Registry Agency and the National Revenue Agency. The deadline for submitting those reports was June 200...

Each operating company must make and submit an annual financial report on the results of its activities during the reporting year by 31st of March of the following year. After completion of the annual balance of the accounts, for the company is being drawn up an annual financial report for the activity, which provides summary information about the accounting to the moment under the company's accounting policies during the past fiscal year. The relevant accounting policy of each company include the bases for evaluation when preparing the annual financial statements and is an important part of the corporate accounting, determining the manner for the formation of the company's financial resu...

With effect from October 1, 2006 the Bulgarian Parliament adopted a law concerning the commercial register, which follows the European practices and requirements under which the registration of companies shall be under a new procedure in the Registry Agency under the Ministry of Justice. Thus, the commercial registration is transformed into an administrative one, which facilitates the procedure and improves the quality of service provided. Another plus is the creation of a uniform electronic commercial register, with the help of which can be quickly issued certificates and will be allowed instant electronic access to the database, which will be updated continuously with information about ...

Located in Eastern Europe, Bulgaria is offering the key managers of global US and European companies a great base for the outsourcing of their businesses. Once concentrated in countries like India and also having China and Vietnam in their shortlist, today the European and the North American companies are looking towards a country which has less social and cultural differences. Bulgaria is such a country for them – it has stable economy, a well-developed educational system forming specialists in computer sciences, electronics and engineering, physics and mathematics, etc. The excellent education has placed Bulgaria into the fifth place in the world when it goes to sciences which mak...

Bulgaria is among the most tempting countries to start a business in because of the favorable business conditions, the modern ways to make business including the options for opening virtual offices and renting serviced office in Sofia, and of course thanks to the competent young professionals, including accountants, lawyers, property managers, etc. Foreign investors, who wish to start business in the Bulgarian capital Sofia, should know that currently both the flat income tax rate on the individuals and the standard corporate tax is 10 %. All individuals in Bulgaria are subjects of a tax on their income as employees or self-employed persons. When a foreign individual is a permanent reside...

LowTax.net


The Nordic countries – consisting of Denmark, Finland, Iceland, Norway and Sweden, and the associated territories the Faroe Islands, Greenland and Åland – on September 11 signed tax information exchange agreements (TIEAs) with Aruba and the Netherlands Antilles. The new agreements are 'part of a campaign led by the Nordic Council of Ministers to encourage greater efforts to prevent international tax evasion', according to Norden.

Norden states that 'the TIEAs will provide the tax authorities with access to all information about citizens who try to avoid paying tax on income and capital investments and who have und...

Bloomberg, April 28th 2009, Commentary by Matthew Lynn.

London’s status as a global financial hub has taken a beating in the past year. The British have nationalized half the country’s banking system. The non- domicile tax system that allowed foreigners to shelter much of their wealth from the authorities has been hit by hefty charges. And tough new rules on pay are being proposed. And now? The top rate of income tax has just been increased to 50 percent from 40 percent. The phrase “last straw” doesn’t even begin to capture how many of London’s bankers, private-equity partners and hedge-fund managers will be feeling. They...