frequently asked questions

At NomadTax Bulgaria, we specialize in addressing the unique needs of digital nomads and expatriates. Our expert local team simplifies navigating through Bulgarian authorities and regulations, allowing you to concentrate on growing your business and clientele.

Yes, the entire registration can be managed remotely with a power of attorney. However, you will need to independently handle the share capital deposit. We offer detailed guides to assist you or welcome you to join us in Sofia to complete the process together.

Bulgaria permits anyone, regardless of citizenship or resident status, to establish and operate a company. The process is straightforward, with no specific requirements except for joint-stock companies.

No, Bulgaria does not mandate a locally based director, allowing you the freedom to travel globally while managing your business.

Our streamlined four-phase approach ensures a swift and secure company formation tailored to your specific needs. This includes consultation to understand your business model, formation to prepare all necessary documentation, authorization to notarize and deposit initial capital, and registration with the Bulgarian Commercial Register, including optional VAT registration.

The company registration process in Bulgaria is efficient, typically taking about five business days, with an additional ten days for VAT registration if required. The process is usually smooth if all documents are correctly prepared.

Our comprehensive startup package is priced at 498 EUR, including VAT. This covers all essential services, though notary fees and bank charges may apply. For ongoing accounting and VAT reporting, we charge a monthly fee of 200 EUR.

Yes, social security contributions are mandatory for operationally active managing directors and employees, with minimal contributions starting around 70 EUR monthly.

VAT registration is compulsory for businesses with a turnover exceeding 100,000 BGN annually or for those involved in intra-EU transactions. It also applies if you wish to claim VAT refunds on business-related expenses.

Invoicing in Bulgaria must comply with the latest national and EU regulations, which we continuously monitor to ensure your compliance.

No, a local bank account is not required. You may use international digital banking solutions like Revolut or Paysera for business transactions.

Bulgarian banks are robust and secure, adhering to EU banking regulations. However, for flexibility, international digital banks or other financial services may also be used.

A residence permit allows you to stay in Bulgaria for extended periods without necessarily becoming a tax resident. Tax residency is determined by your life’s center of economic interest and can offer significant tax benefits.

No regular visits are required. However, Bulgaria’s attractive lifestyle and business benefits often encourage a more permanent presence among nomads.

Taxes can be paid online via e-banking or credit cards, facilitating easy management while abroad.

Capital gains are taxed at a rate of 10% for both businesses and individuals, with specific conditions applied to professional trading activities.

Foreigners can purchase residential and commercial properties in Bulgaria. Restrictions apply to agricultural land, which requires a local company for purchase. Bulgaria also offers a residence permit program for significant real estate investments.

Bulgaria’s vibrant nomad community frequents co-working spaces in Sofia and enjoys events like Bansko Nomad Fest. The new co-living space in Semkovo also attracts those seeking a nature-immersed lifestyle.

Definitely. From the sandy beaches of the Black Sea to the cultural sites like the Rila Monastery and vibrant events like Plovdiv’s jazz festival, Bulgaria offers a rich array of attractions for tourists.