Our market entry service portfolio is constantly improving and upgrading to find the best customised solutions that will fit our clients’ corporate needs.
We are utilizing the newest technologies, up-to-date expertise and multilingual qualified team & network to offer the best consultancy according to customer resources.
OUR OFFERING INCLUDES
- Costs & Market Entry Analysis
- Company Registration & other business services.
If you plan to establish a corporate presence in Bulgaria and open a Bulgarian company, we will take care of everything. We can offer various incorporation solutions matching your market and business needs. Once the company is ready, we can also provide ongoing administration to ensure you follow all regulatory requirements. Our incorporation and related services include:
Registration of private limited company or other relevant legal entity in Bulgaria
Company registered office address and mail handling in Bulgaria
Provision of company secretary in Bulgaria
Provision of nominee directors and shareholders in Bulgaria
Establishment and maintenance of statutory records
Preparation and filing of annual returns
Preparation and filing of license applications
Opening bank accounts and on-line banking
Our team of lawyers and accountants can offer you customized advisory services for making the right decision in Bulgaria:
Advice on the appropriate corporate structure for local and international entrepreneurs/companies who want to locate their business in Bulgaria
Advice on immigration options for owners, staff and family members including initial work visa, permanent residence, citizenship
Advice on acquisition of appropriate business licenses in Bulgaria
Advice for start-up operations including space for new office, housing for international staff, initiating banking relationships, recruitment of local staff, etc.
Advice on legal and contractual matters such as lease agreements, employment agreements, supplier contracts, etc.
Advice on Bulgaria tax regime and tax planning
Monthly Bookkeeping and payroll services
Annual accounting, financial reporting and consolidation
Preparation and filing of corporate and personal tax returns
VAT advice, registration and filing services
Tax computation and submission
Tax Planning and Advise
Arranging audits and assisting revisions where required
Other ad-hoc services
Our service portfolio is constantly improving and upgrading to find the best customized solutions that will fit our clients’ corporate needs. We are utilizing the newest technologies, up-to-date expertise and multilingual qualified team & network to offer the best consultancy according to customer resources.
Services & Prices
Monthly subscription fees for accounting services
Not VAT registered companies, without employees (only manager), annual number of documents 200.
Accounting of company bank documents 60 EUR
Not VAT registered companies, with not more than 5 employees (and a manager), annual number of documents 200.
Accounting of company bank documents 110 EUR
Not VAT registered companies, with not more than 10 employees (and a manager), annual number of documents 200.
Accounting of company bank documents 120 EUR
VAT registered companies, without employees (and a manager) , annual number of documents 200.
Accounting of company bank documents 120 EUR
VAT registered companies, with not more than 5 employees (and a manager), annual number of documents 200.
Accounting of company bank documents 180 EUR
VAT registered companies, with not more than 10 employees (and a manager), annual number of documents 200.
Accounting of company bank documents 250 EUR
The monthly subscription fee includes:
- Accounting monthly income and cost documents
- Monthly payroll (for each new person 7EUR)
- Annual tax declarations and reports for corporate tax payments
- Monthly VAT declarations (for VAT registered companies)
For personnel with high turnover
- 1-10 people – 12 EUR per person
- 11-50 people – 10 EUR per person
- 51-100 people – 9 EUR per person
- 101-200 people – 8 EUR per person
- 201-300 people – 5 EUR per person
The monthly subscription fee includes:
- Monthly reports
- Preparing monthly register for paying salaries
- Arranging and submitting Declaration standard 1 and 6
- Preparing monthly information for current personnel payments
- Providing documents related to Manager Securities – foreigner, and all related of this fact activities
- Preparing standard labor and civil contracts, additional labor agreements
- Discharge orders and their registration in National Insurance Institute
- Preparing documents for the personnel – Income certificates, UP-2, UP-3, UP-1; Consulting in case of necessity;
- Files for the personnel; Labor books and their filling; Presenting in front of NII, Labor bureau, National Statistics Institute, and all related activities to the payroll service.
*The price of the service does not include:
law specific consulting & labor contracts development
Additional non-subscription service fees:
- More than 1 bank account/per account 20 EUR
- Monthly translation of the documents package in English – 50 EUR
- Storage – accounting 150 EUR
- Documents (taking and leaving documents) – per 1 – 15 EUR
- Personal Annual Financial Statement (of the manager) – 25 EUR
- Disposing Annual Financial Statement in the National Registry Agency – 50 EUR
- Consulting via telephone/on the spot – hourly 25/40 EUR
- Applications for documents in different State departments – 25 EUR per case without state taxes
- Issuing an Invoice – per Invoice 0,5 EUR
- VAT registration before the legal turnover 100 EUR
– mandatory – 150 EUR
- Statement of current tax liabilities 20 EUR
- Assisting VAT claim check 50 EUR
- Tax revision participation 200 EUR
- VAT registration – voluntarily before the required turnover 20 EUR
If the company passes the thresholds established by the NSI volumes of intra-trade, it is required to register as Intrastat operator to keep records and submit certain information in
a form each month electronically to the NRA Prospectus may act as a “third party declaring” and leads on your behalf and all documents filed electronically all the necessary declarations.
The thresholds are for:
1.”Outgoing” stream – 230 000 BGN
2.“Incoming” stream – 200 000 BGN
Fees for the services are:
- Zero return – 30 BGN / month;
- up to 2 acquisitions / payments per month – 50 BGN / month;
- 5 acquisitions / payments per month – 72 BGN / month;
- 10 acquisitions / payments per month – 120 BGN / month;
- over 10 acquisitions / payments per month – 120 BGN + 5 BGN for each subsequent acquisition / transmission.
All state taxes are not included
- Registration of the company (for Ltd. Or Sole proprietary entity) 150 EUR
*price does not include all government taxes and name registration tax, which are around 50 EUR excluding legalized translation if required)
- Company registration with accounting subscription contract 100 EUR
- Administrator – monthly 200 EUR
- Formal Shareholder – monthly 50 EUR
- Address – monthly – 50 EUR
- Internet banking – monthly – 50 EUR
- Temp working place provision – monthly- 150 EUR*
*price includes all bills – internet, electricity, water, heating, security, cleaning and desk + chair, access to kitchen box and sanitary consumables
Ad hoc pricing
- Legal services
- Advisory & assistance on documentation release with regards to temporary or permanent residence of foreigners in the territory of Bulgaria
- Customs, Import and Export Trading consultations
- Consortium Financial Management
- Registration in Trade and Industrial Chambers, Institutions and Associations.
Good coffee – FREE!
All documents could be translated in English quarterly
All given prices are converted to EUR and are without VAT, which in Bulgaria is 20%
The above prices will be recalculated in increasing the volume of documents
(based on the first 6months of the project) and depending of the number of employed people.
HORIZONS IS RECOGNISED BRAND IN THE HR BUSINESS
Our professional approach will give you an expertise in talent management.
Send us a request for Market Entry Services
A LITTLE MORE ABOUT US
Our team consists of experienced business oriented consultants with strong professional background in identifying and attracting professional talent, career management and labour market research,training, development organizational change and project management. Each of us is experienced in the area of human capital, has managed teams, processes or business unit.
See ful list of our HR Services