How many of them do you know? 1. Luca Pacioli – the father of accounting The Italian mathematician Luca Pacioli is considered the “father” of accounting. On 10 November (today – International Accountants’ Day) 1494, he published Summa de Arithmetica, Geometria, Proportioni et Proportionalita – the first book to include accounts of assets, liabilities, capital, […]
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According to the ECB (European Central Bank), cryptocurrencies are a digital representation of value that is not issued by a central bank or other public authority. This opinion is also supported by the BNB, although there are opinions regarding cryptocurrencies, there is no legal definition of cryptocurrency in our country. Therefore, since banking authorities in
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In order to achieve financial stability, it is necessary that the revenues are more than the expenses and that there is an opportunity to set aside funds. A few easy and simple tips in accessible language will help you to be financially stable and not worry about tomorrow. Create a personal and household budget and
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Each country has different traditions and each country’s laws are different. Sometimes they can be really weird, other times they have a very logical explanation for their existence. Weird laws around the world. Check out some of the strangest laws that exist in the world! It is forbidden to cut a cactus in Arizona! This
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A Trade mark is the identification of your business. This is the symbol that helps your customers pick your products or services out. Every citizen of EU and every company that is registered in EU Member States can register a Trade mark. Main types of Trade marks: Word mark – consists exclusively of words or
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Wholesale trade permit The wholesale trade permit of medical devices in the country requires registration to competent authority. For this purpose, if you intend to develop such activity, you need to submit an application and any other documents in Bulgarian Drug Agency of the Ministry of Health. Required documents and fees: Application; List
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How to establish a Foundation in Bulgaria? What is a foundation and what is the procedure of the registration? A Foundation is a voluntary association of people, who pursuing common purposes. It is registered as independent legal person with non-profit aim, which can realize activity in private or public interest. Foundation may be established
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In Bulgaria corporate tax is only 10%, so is the income tax. This is one of the lowest levels in Europe. Low tax countries When people choose a place for development of their business, international companies pay attention to the tax rates in different countries. Nowadays, many large Western corporations prefer to set up their business
Limited Liability Company (LTD): Founders: Limited Liability Company (LTD) is found by two or more partners, with capital, formed of their corporate contributions. The capital cannot be less than 2(two) levs and may represent not a cash contribution. The minimum amount of shares that may have one partner is 1 (one) lev. Each of
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Branch of a foreign company, registered with right to conduct business activity, in accordance with its national law, can be inscribed in Commercial Register of Republic of Bulgaria. What we need from you about registration of foreign company in Bulgaria: Legal form and name of the foreign company, also the name
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