Accountancy and Services

According to the Bulgarian legislation, all foreign investors who have bought properties in our country as legal entities can be provided with accountancy and administrative services for the limited companies registered by them, so that they observe strictly all laws of Republic of Bulgaria.

The Bulgarian laws do not allow foreign investors to own a real estate on the territory of our country as physical persons. But this is not related to legal entities with foreign participation. For this reason, most investors set up a limited company in order to be able to purchase a property in Bulgaria. To own a company in our country is a difficult and responsible procedure. It is not only difficult – as you have to be very well familiar with the active legal system in Bulgaria, but also complicated – because you must closely observe the regulations of our accountancy and tax policy. The sanctions, imposed as a result of their non-compliance or delay are grand and strict, and they always involve tax inspection of your company, no matter if it is be opened with the sole purpose of purchasing a property or not, no matter if it performs any activity or not.

According to our Accountancy legislation, all registered companies must present their annual accounts, preparing an annual tax report and together with the annual tax return, these all must be submitted in the local Tax Office not later than 31-th March of each year. In case of non-submission, or presentation of a document with untrue contents or false data, a fine is imposed, which starts from 2000 BGN on (approximate 1000 EUR).

If the overall accountancy of your company has not been well kept or the deadlines have not been complied with, your company will have to pay serious penalties, in accordance with all the strictness of the Bulgarian laws, and a tax inspection is also to be expected. Your company is considered as performing a kind of activity if you make any kind of improvements on your property, related to partial or full renovation or reconstruction. Furthermore, your company is considered a functioning one, if it rents the property out and receives rental income. This includes receiving or issuing invoices, receipts, warrants, bank documents, paying the local fees and taxes, as well as using the services of a qualified accountant.

We recommend using well experienced accountants, who will not only prepare all necessary papers, but they will also provide useful advice on how to cut your fees and taxes. In order to be permanently informed about your company financial status, our financial experts keep constant contacts with you in fluent English or by e-mail (or in other ways preferred by you). If your company performs some activity (for example if you manage the property or rent it out), your accountant prepares all kinds of papers, issued or received by your company or in its name, prepares and presents to you a monthly income-and-expenditure report, represents you as a legal person in front of a number of state and public institutions, and also pays the due taxes, fees and insurance installments.

If you decide to use our services of full accountancy and administrative management of your company, as we represent you in front of all institutions in our country, you have to provide us with the original papers of your company.

For companies, registered with the sole purpose of purchasing a property or those which do not perform any activity, we charge 300 EUR per year, which covers the annual tax report, and the annual tax return preparation and submission in the local Tax Office. If your company is an active one, the tax is to be paid each month and it is a subject of further negotiation, depending on the services required.


1. Presentation in the annual income-tax form – 100 EUR
2. Declare real estate – 50 EUR
3. Company registration – 300 EUR
4. Valuation of property needed for sell – 50 EUR
5. Open an account /encashment/ – 80 EUR
6. Obtaining a layout drawing – 80 EUR