Bulgaria
Legal and Accounting Services in Bulgaria
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starting a business
hi can anyone tell me who are the best people to approach for information on starting a business up in cyprus. e.g. solicitor, estate agent. ect. i run a business here but want to start one from scratch in cyprus, in the leisure side of things. thanks charlie
Total Posts: 15 Last post by kEMlzpAX
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Mr.
555
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Bulgaria Legalities
Legislation in Bulgaria has been aligned with EU legislation to ensure the free movement of people, goods, services and capital.
Standards and regulations
Products and packaging should meet EU standards.
Bulgaria is a member of the:
- International Organisation for Standardization (ISO)
- International Electrotechnical Commission (IEC)
- International Technical Union (ITU)
The Bulgarian Institute for Standardisation (BDS) is responsible for standards.
Bulgaria has standardisation and product certification bodies. Bulgarian ministries or agencies issue specific standards and certificates for various sectors.
Labelling must be in Bulgarian.
Trademarks, designs, patents and copyright are the principal forms of IP protection available to companies and individuals.
IP law, especially for patent protection, is not totally harmonised within the EU.
Bulgaria is a member of the main international conventions protecting intellectual property. However enforcement of IP rights can be challenging.
The Bulgarian Patent Office is responsible for implementing legislation on IPR.
Bulgaria Taxation
The UK has signed a double taxation convention with Bulgaria.
The Ministry of Finance has responsibility for tax in Bulgaria.
Value Added Tax ( VAT)
The standard VAT rate is 20%. There are reduced VAT rates to 9% for hotel services.
Check with HM Revenue and Customs (HMRC) regarding VAT refund of business expenses incurred in Bulgaria.
Company tax
Corporate income tax is 10%.
Certain company expenses are taxed at 10%.
Income tax
Income tax is set at a flat rate of 10 %.
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