{"id":342,"date":"2022-01-12T10:47:08","date_gmt":"2022-01-12T10:47:08","guid":{"rendered":"https:\/\/inovatax.com\/?page_id=342"},"modified":"2024-05-30T10:51:03","modified_gmt":"2024-05-30T10:51:03","slug":"faq","status":"publish","type":"page","link":"https:\/\/inovatax.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t<section class=\"section\" id=\"section_1265378505\">\n\t\t<div class=\"bg section-bg fill bg-fill  \" >\n\n\t\t\t\n\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\t<div id=\"text-3177328014\" class=\"text\">\n\t\t\n<h1><strong>faq<\/strong><\/h1>\n\t\t\n<style>\n#text-3177328014 {\n  font-size: 1.7rem;\n  text-align: center;\n  color: rgb(255,255,255);\n}\n#text-3177328014 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1265378505 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n  min-height: 185px;\n}\n#section_1265378505 .section-bg.bg-loaded {\n  background-image: url(https:\/\/inovatax.com\/wp-content\/uploads\/2024\/04\/Sofia.jpg);\n}\n#section_1265378505 .section-bg {\n  background-position: 12% 34%;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section\" id=\"section_1434547665\">\n\t\t<div class=\"bg section-bg fill bg-fill  bg-loaded\" >\n\n\t\t\t\n\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-785928182\">\n\n\t<div id=\"col-1266280457\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>1) Why a company in Bulgaria?<\/strong><\/span><\/h4>\n\t<div id=\"text-918258867\" class=\"text\">\n\t\t\n<p>\u2022 Easy setup process<br \/>\u2022 Very low taxation<br \/>\u2022 Stable, fair and secure tax system<br \/>\u2022 Intra-Community transactions (within the EU) with VAT exemption<br \/>\u2022 Low insurance premiums<br \/>\u2022 Low personnel costs<br \/>\u2022 Low cost of maintaining a physical office<br \/>\u2022 Acquisition of real estate in the name of the company<br \/>\u2022 Acquisition of vehicles in the name of the company with very low annual maintenance costs<br \/>\u2022 Easy access from Greece<\/p>\n\t\t\n<style>\n#text-918258867 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-538313695\">\n\n\t<div id=\"col-1995593890\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>2) Is it necessary to have a physical address in Bulgaria?<\/strong><\/span><\/h4>\n\t<div id=\"text-2641432535\" class=\"text\">\n\t\t\n<p>According to Bulgarian legislation, you do not need a physical seat, we can host your company in our offices. However, in recent years, laws have been passed in Greece making the physical seat in Bulgaria mandatory.<\/p>\n\t\t\n<style>\n#text-2641432535 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-389100509\">\n\n\t<div id=\"col-1084628983\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>3) I want to build an e-shop, can I use the Bulgarian company for transactions?<\/strong><\/span><\/h4>\n\t<div id=\"text-2169033309\" class=\"text\">\n\t\t\n<p>Of course, you can sell your products through your e-shop all over the world as long as these products are stored and shipped from Bulgaria.<\/p>\n\t\t\n<style>\n#text-2169033309 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1862592647\">\n\n\t<div id=\"col-206236699\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>4) If I buy products from Greek companies to my Bulgarian company, will I pay VAT?<\/strong><\/span><\/h4>\n\t<div id=\"text-3611678353\" class=\"text\">\n\t\t\n<p>No, as long as the Greek company from which you buy the products has the right of intra-Community transactions.<\/p>\n\t\t\n<style>\n#text-3611678353 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1053792694\">\n\n\t<div id=\"col-1187023173\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>5) I have a business in Greece and I want to open one in Bulgaria as well, can I be exempt from the insurance contributions in Greece?<\/strong><\/span><\/h4>\n\t<div id=\"text-3552100182\" class=\"text\">\n\t\t\n<p>You can on the condition that you have a residence card in Bulgaria, the turnover of the Bulgarian company is greater than the Greek one and also that at least 25% of your company&#8217;s turnover is within Bulgaria.<\/p>\n\t\t\n<style>\n#text-3552100182 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-449196432\">\n\n\t<div id=\"col-729126266\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><strong><span style=\"color: #282828;\">6) Can I drive the car of the Bulgarian company in Greece?<\/span><\/strong><\/h4>\n\t<div id=\"text-90552906\" class=\"text\">\n\t\t\n<p>Yes, as long as your company is active (has a turnover) and you have a physical seat in Bulgaria.<\/p>\n\t\t\n<style>\n#text-90552906 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1641895688\">\n\n\t<div id=\"col-1536282218\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>7) If I issue an invoice from my Bulgarian company to a Greek one, will the customer pay VAT?<\/strong><\/span><\/h4>\n\t<div id=\"text-4160572912\" class=\"text\">\n\t\t\n<p>No, since the customer&#8217;s company has intra-community trading rights, neither you nor the customer will pay VAT. If the customer is an individual or his VAT number is not intra-community, then he will pay 20% VAT which will have to be attributed to the Bulgarian tax authorities.<\/p>\n\t\t\n<style>\n#text-4160572912 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-990674946\">\n\n\t<div id=\"col-1916925612\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>8) In money, how much profit will I get annually?<\/strong><\/span><\/h4>\n\t<div id=\"text-2973130719\" class=\"text\">\n\t\t\n<p>We cannot answer with specific numbers what you will earn annually, but we can give you an example of a business that owns an 1800cc car and gross profits of \u20ac20,000.<\/p>\n<table border=\"1\" cellpadding=\"4\">\n<tbody>\n<tr bgcolor=\"#eee\">\n<td>\u00a0<\/td>\n<td align=\"center\"><strong>Greece<\/strong><\/td>\n<td align=\"center\"><strong>Bulgaria<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Gross Profit<\/td>\n<td align=\"right\">20.000 \u20ac \u00a0<\/td>\n<td align=\"right\">20.000 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>Annual fee<\/td>\n<td align=\"right\">-5.800 \u20ac \u00a0<\/td>\n<td align=\"right\">-2.000 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>Insurance contributions<\/td>\n<td align=\"right\">-4.000 \u20ac \u00a0<\/td>\n<td align=\"right\">-1.068 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>Cost Accountant<\/td>\n<td align=\"right\">-960 \u20ac \u00a0<\/td>\n<td align=\"right\">-960 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>Seat Cost<\/td>\n<td align=\"right\">-3.600 \u20ac \u00a0<\/td>\n<td align=\"right\">-600 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>1800cc car cost<\/td>\n<td align=\"right\">-800 \u20ac \u00a0<\/td>\n<td align=\"right\">-250 \u20ac \u00a0<\/td>\n<\/tr>\n<tr>\n<td>Net annual profit<\/td>\n<td align=\"right\">4.840 \u20ac \u00a0<\/td>\n<td align=\"right\">15.122 \u20ac \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n\t\t\n<style>\n#text-2973130719 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-61068161\">\n\n\t<div id=\"col-1286933871\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>9) Can I have several activities with one company?<\/strong><\/span><\/h4>\n\t<div id=\"text-1836854099\" class=\"text\">\n\t\t\n<p>Yes, in Bulgaria there is no term &#8220;K.A.D.&#8221; as it exists in Greece. In the company&#8217;s articles of association we define that the company can make any transaction. Exceptions are professions that require special licensing (eg tourist office, transport company).<\/p>\n\t\t\n<style>\n#text-1836854099 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-344175593\">\n\n\t<div id=\"col-907078410\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>10) How long does the company establishment process take?<\/strong><\/span><\/h4>\n\t<div id=\"text-793611592\" class=\"text\">\n\t\t\n<p>It usually takes 5 days for the Bulgarian TIN to be issued. and another 15 days for the registration of the company in the VIES intra-community system.<\/p>\n\t\t\n<style>\n#text-793611592 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-229687782\">\n\n\t<div id=\"col-1249736399\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>11) What supporting documents are needed for the establishment of the company<\/strong><\/span><\/h4>\n\t<div id=\"text-1290738408\" class=\"text\">\n\t\t\n<p>\u2022 Color Photocopy of Identity Card or Passport with Latin characters<br \/>\u2022 Address<br \/>\u2022 Telephone<br \/>\u2022 E-mail<br \/>\u2022 Company Name<br \/>\u2022 Basic purpose of the company<br \/>\u2022 Copy of your latest bank statement<br \/>\u2022 An account that proves your permanent residence<\/p>\n\t\t\n<style>\n#text-1290738408 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1017475878\">\n\n\t<div id=\"col-1427368256\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>12) I owe in Greece to a public and insurance fund, can I open a company in Bulgaria?<\/strong><\/span><\/h4>\n\t<div id=\"text-1336306267\" class=\"text\">\n\t\t\n<p>Yes, no problem.<\/p>\n\t\t\n<style>\n#text-1336306267 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-2135168939\">\n\n\t<div id=\"col-1454944958\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>13) Is there any disadvantage to a Bulgarian company?<\/strong><\/span><\/h4>\n\t<div id=\"text-1635102434\" class=\"text\">\n\t\t\n<p>The only drawback is that we cannot have a physical headquarters in Greece, therefore we cannot have a retail store.<\/p>\n\t\t\n<style>\n#text-1635102434 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-2089864163\">\n\n\t<div id=\"col-718714245\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h4><span style=\"color: #282828;\"><strong>14) Is there an advance tax in Bulgaria?<\/strong><\/span><\/h4>\n\t<div id=\"text-3567181024\" class=\"text\">\n\t\t\n<p>Yes, in case the company exceeds BGN 300,000 (\u20ac153,000) in turnover, then it is liable to advance tax.<\/p>\n\t\t\n<style>\n#text-3567181024 {\n  font-size: 1.05rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1434547665 {\n  padding-top: 50px;\n  padding-bottom: 50px;\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"footnotes":""},"class_list":["post-342","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/pages\/342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/comments?post=342"}],"version-history":[{"count":7,"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/pages\/342\/revisions"}],"predecessor-version":[{"id":1048,"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/pages\/342\/revisions\/1048"}],"wp:attachment":[{"href":"https:\/\/inovatax.com\/en\/wp-json\/wp\/v2\/media?parent=342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}