Frequently asked questions

How quickly you can you register a company?

To answer this question we must know if this company will be registered by a natural or legal person. The procedure starts with booking a unique name of a company going through the preparation of necessary documents and notarization of several of them, opening a capital account of the Company and payment of the authorized capital, payment of stamp duty and registration of the company in the Commercial Register on Registry at the Ministry of Justice. It takes 7 to 10 days. We can also make an express registration of a company, but it requires the active involvement of the customer and will take 2 to 4 days.

We are also able to do express company registration, but this requires the active participation of the client and will take 2 to 4 days.

Can a company be registered in Bulgaria by a foreign natural person without his/her physical presence in the country?

Yes, it is possible that after a notary and Apostille certification of certain documents have been made at the location of the person.

What is the cost of the service cost for registration of company for a Bulgarian and for a foreign person?

he price is the same and is determined by several conditions:

1. Whether the person registering the company is a natural person or a legal entity.
2. Whether the documents will be drawn up in absentia.
3. Whether there will be an authorization of a third party person, ie. without the direct involvement of the registrant, etc.

To answer specifically, please make an inquiry.

What does the subscription accounting service cover as a commitment?

We sign a contract with each of our clients to incorporate an actual registered accounting to determine your tax and social security obligations and, if necessary, to defend them to the relevant governmental institutions. This should be done under the accounting rules, by means of specialized accounting software and meeting the legislation in force to the date of processing the registrant data. In Section III of Article 5 of the Agreement it is said when the agreement is considered to be executed: after submission of your annual report, references of VAT returns, VIES and Intrastat, payroll or pay slips and summaries on items due to contributions payment orders for the payment of social security contributions due under paragraphs, references to staff and records, annual Tax Returns under Article 92 of the Corporate Income Tax and Annual Tax Returns in Article 50 of the Income Tax Act of individuals / the partners / , as well ongoing consultation on the subject of the Agreement, consistent with the technological time necessary for its preparation when certain managing decisions are to be taken. In the event that these materials have been made the agreement shall be considered fulfilled. According to Article 34 paragraph 2 of the Accounancy Act the specialized Accounting Enterprise Co. CONSULT acts as the accountant of your company. By express authorization and through our universal electronic signature we represent you basically to the National Revenue Agency. We represent you before the National Statistical Institute - the obligation of submission of the annual report and preparing Intrastat declarations or your involvement in the so-called "Representative sample", the current trackingof the performance of the company during the year before the Labour Inspectorate in conducting ongoing investigations with the introduction of labor contracts, payroll / slips / salary and protect the basic and additional charges on salaries of employees in your company at the National Insurance Institute for the preparation of the Retirement certificates / 1 UP-UP-UP-2 3 /. In accordance with the subject of the contract, you will be regularly informed of your obligations under the rules of law to comply with legal business requirements.

What is the price of subscription accounting?

The price for each customer is individual and shall be determined by the following criteria:

• The sector do you work in – trade, services and/or production;
• Applicable accounting standards – National Financial Reporting Standards for Small and Medium Enterprises or International Accounting Standards IFRS;
• Need for consolidation of reports;
• Foreign participation;
• VAT registration and / or EDTWA;
• Intra-community supplies and/or acquisitions within the European Economic Community;
• Transactions with countries outside the EEC;
• Will the service include payroll processing;
• Document flow - number of revenue and expense invoices;
• Number of bank accounts;
• Number of sites and cash registers;
• Number of staff;
• Concluded labor and civil contracts;
• Working under management and control contracts;
• Number of self-insured persons.

Look for us by answering each criterion and we will offer you a specific price, tailored to the market for this type of service.

What are you - an accounting firm, a law office or a brokerage company?

We are a consulting company that offers accounting, legal and business services. Practice has convinced us that in this configuration we are most useful to our customers. This way we are more responsible and more efficient to and for them.

Does the use of individual types of services tie into a complex service that you offer?

Of course not, unless we have earned the necessary trust and you are convinced of the need to do so. You can check our qualities and capabilities by entrusting us with each individual service.

When entrusting trust management, is there a risk that the client will be misled?

No, due to the fact that we have built a two-level control system to ensure that the client's interests cannot be harmed. Confidentiality and storage of available information are an irrevocable element of each of the services offered. We have taken measures to protect it.

Can I really register a commercial company with a capital of two BGN?

Yes, it is true. According to the Commercial Law in force in the Republic of Bulgaria, the minimum required capital for the registration of a commercial company is two BGN. The minimum size of one share in it is one lev.

Can you provide seamless and timely communication so I don't have to worry about choosing the services of an external accounting firm over my own personal accountant?

In today's Internet society, with clearly defined contractual obligations, there is no reason for such concerns. We have created an organization where you will have a personal consultant/accountant that you can get in touch with at any time. We will not make you stand in line to make a request or, as is the common practice in government institutions, charge you a fee for certain of our actions.

After I have contracted you with a certain range of services, do I have to follow administrative deadlines?

No, this is not necessary. Regarding the subject of the contract concluded between us, we are committed to this. For your other commitments, we will inform you about your legal obligations and their deadlines.

Do you carry out VAT registration and de-registration of companies and individuals?

Yes, for all types regulated by the Value Added Tax Act.

Hiring staff, preparing personal files and concluding various types of contracts with persons performing activities for the benefit of the client?

The formation of the labor-legal relations of the employer and the worker, as well as any other binding relation under the Law on Obligations and Contracts, are our priority, in so-called human resources and salaries. The Labor Code and other legal regulations regulating labor legal relations are a sufficiently "delicate" and complex matter that regulates one of the main relations in society - that of the employer and the worker. We will take care to protect the interests of both parties, as it is regulated in the Labor Code, based on the specifics of your business.

What more can you offer on the basis of the prepared statement?

Accountability, in itself, aims to report various objects and create an opportunity to make management decisions. In modern conditions, it seems that the settlement of public obligations takes precedence as the main purpose of accountability. A well-organized and structured reporting can allow you to look at your business from another position, give you the right basis for the right management decision. We can offer you analysis and optimization of the structure of your production or product nomenclature in order to maximize profit. Something that is subject to mathematical modeling and can be described with the "dry" language of numbers. The optimization task can be solved under different criteria. For example, the optimization of the cost structure, with a certain/set/financial result.

Do you assist in the search for funding?

Our assistance, when looking for financing, is expressed in the preparation of a professional business plan, tailored to the specific criteria of the potential investor or creditor to whom the project is applied for.