Ние от Global Consult Europe вярваме, че Вашето мнение е от значение. За тази цел ние създадохме блог, в който ще бъде споделяна ценна информация и ще бъдат обменяни мнения, както и предложения за различни типове статии, които искате да прочетете.

 

„Моето лично виждане е, че успешните компании в бъдеще ще са тези, които интегрират личностните ценности на служителите си в своите собствени бизнес ценности. Най-добрите хора искат да вършат работа, която допринася за обществото с компания, чийто ценности споделят, където техните действия имат значение и вижданията им са ценни.“

Jeroen van der Veer, Committee of Managing Directors (Shell)

„Добрата компания предлага отлични продукти и услуги, а великата компания прави всичко това и се стреми да направи света едно по-добро място.“

William Ford Jr., Chairman, Ford Motor Co

„Мнозина са останали с грешната представа, че една компания съществува само за да прави пари. Макар това да е важен резултат от съществуването й, трябва да погледнем по-навътре, за да намерим истинските причини за нейното съществуване. Тогава неминуемо ще стигнем до извода, че група хора се събират и основават някаква институция, която ще наречем компания, за да могат заедно да постигнат нещо, което не биха могли да постигнат по отделно. Така те дават своя принос към обществото – изтъркано изречение, но с фундаментално значение. „

Дейв Пакард, съосновател на Hewlett Packard Company през 1939 г.

 

Добре дошли!

Establish a FOREX company in Bulgaria

Global Consult Europe is a consulting agency specialized in international corporate law. We will provide you with all the necessary know-how on how to start your own Forex business. Thanks to our partners we can offer you a full range of services that include:

 

Licensing

After scheduling a consultation, we can recommend you the best regulatory solution depending on your budget and needs. Currently, we offer the following licenses.

 

Software & Liquidity

We can provide you with all-in-one brokerage solution consisting of a front end, server and back-end support. We can also offer you a low-cost forex broker start up solution. We give you a full guarantee that we will get your brokerage off the ground in no time flat.

 

Staff Recruitment

We work with several of the best Forex HRs in Bulgaria we can provide you with the best employees on the market as well as the fastest recruitment times. We will also offer:

  • Headhunting
  • Sales trainings
  • Team buildings
  • Development
  • Performance appraisals
  • Assessment
  • Reports
  • Talent management

If you want to start on a cheaper note we can help you with recruiting young people with no experience with base salaries as low as EUR 250; we will also assist you in training and developing their potential.

 

Office rental

We pride ourselves on working with all the real estate agents in Bulgaria. We can provide you with the lowest commissions and the fastest time for rental. We can help you start recruiting in your new office from the first day you arrive.

 

Legal support

Our experts will provide you with:

  • The best legal alternative to company creation and regulation to save time and money.
  • The most appropriate type of license, given the services you want to provide.
  • All necessary documentation delivered to your doorstep.
  • Legal representation. Don’t have the time? No problem let us do the heavy lifting.
  • Advise on the best legal form and capital, organization and management structure of your business.
  • Regulatory requirements
  • Preparation and execution of the complete set of documents necessary for incorporation of a company.
  • Preparation of a complete set of documents for receiving regulation

 

Accounting & Audit

We guarantee that you will receive the best accounting & audit services. We work with on partnership basis with accounting companies in Germany, Switzerland, US, UK, Australia and much more.

 

IT Support

We can provide you with full IT support for creating your company as well as maintaining it afterwards.

 

Call center solutions

We offer a full call center solution that includes the technology, cabling, software and set up. With prices starting from EUR 6 per computer. Monthly fees as low as EUR 3 per device. Contact us for the full price list.

 

Do not hesitate to book an appointment with our professional consultants – send us an email.

5 reasons to trust the professional company registration

The creation of a business company or even a sole trader is an activity that is important to be done by the rules, because the appearance of a newly created business depends on it. Many people believe that they can successfully pass the administrative and bureaucratic procedures, with the intention to save the fee that would have paid the specialist performing the registration of companies. Not long after, the majority of these people find themselves so entangled in red tape that ultimately again recourse to expert, which is a waste of time and money.

If you want to avoid the bitter experience and start as soon as possible your business activity it is important to select a team to take on the entire burden of cumbersome procedure. During this time, you can focus to the activity, corresponding to your competence, laying the foundation for a successful and prestigious business.

5 reasons to trust the professional registration of companies

The reasons to trust the professionals are many, but here we will suggest only 5, we believe that their significance is greatest. Most of us don’t soberly judge the situation until we understand from experience how great is the difficulty to fight the bureaucracy not having the necessary competence and experience. Here are the main reasons ordered but not prioritized.

  1. The ability to correctly choose the right type of company

The fact that we have decided to list our activity in the Commercial Register is only the beginning of a series of important decisions. Choosing the type of company that we’ll register is much more important and responsible because it will affect both its appearance in front of customers and business partners, and the subsequent accounting and tax burden that we’ll have to take. Professional services enable us to be informed about the differences between sole proprietorship, Ltd., SA, joint-stock company, shareholding etc. and to register the type of company meeting our needs.

  1. Preparation and submission of the documents

The documents drawn up in the process of registration of a company are many, and for different type of companies are required declarations and applications within the meaning of various articles and paragraphs of different laws and regulations. Although around the Internet it’s possible to find the basic requirements and even forms to download and fill ourselves, nothing ensures us that our documentation will be in order. The preparation of documents is long and complex process and their acceptance as valid is not guaranteed in case of errors as inevitably any layman makes.

  1. Visiting various administrative institutions

The procedure of registering a company in the Commercial Register is not the end of the saga in launching a business. It takes visits to banks, NRA, NSSI, municipalities and all this is connected not only with time but also with a lot of nerves and patience. Once time is money it’s foolish to waste it in vain, renouncing the help of professionals who will take on the task as soon as we delegate them to make it through a notarized power of attorney.

  1. Option to take advantage of other services in the future

Many companies specializing in the registration of companies offer a wide range of legal and financial services. One such firm may become a permanent partner from which our business will only gain profit. Different companies also offer accounting services and preparation and filing of tax returns and publication of such – a mandatory requirement for certain activities.

  1. Preparation for audits and protection of our interests in front of the tax authorities

Each business is subject of control by the tax authorities; often because of lack of knowledge we make mistakes that create preconditions for serious sanctions. Using the services of the right company specialized in the registration of companies; we can call and ask for the assistance of a specialist to prepare our company documentation for upcoming inspections, audits and revisions in order to avoid any possibility of eventual sanctions.

How to start a beauty salon in Bulgaria

How to open a beauty salon/ hair salon/ beauty parlor in a few easy steps?

  1. Company registration, by which you can do business in Bulgaria.
  2. Tax registration – voluntary under Art. 96 of VAT Act.
  3. Purchase and registration of cash register (fiscal device).
  4. Ensure a suitable object in which the activity will be performed – it can be hired (lease contract is required) or private property (title deed is required).
  5. The purpose of the property should be for business activity, in this context a change of status of the property may be indispensable.
  6. Certificate of commissioning.
  7. Observed requirements on fire safety of commercial property – a permit issued by General Directorate Fire Safety and Protection of Population.
  8. A notification for opening an object of public designation to the relevant regional health inspectorate and obtaining a certificate of registration after verification.
  9. Possession of master certificate and registration pursuant to Skilled Crafts Act.
  10. Preparation of internal rules and operation instructions.
  11. Registration of working time of stationery commercial site – it is done in the relevant municipality.

Our team of experts will advise you on choosing the most appropriate type of company, subsequent registrations and administrative procedures for obtaining the necessary permits and certificates.

Announcement of annual financial report

What is an annual financial report?

The annual report gathers full information about the financial position of the company. It includes statement for revenues and expenses, balance sheet, statement for share capital and cash flow statement

The financial report is drawn up for one financial year , coinciding with the calendar year – from January 1st to December 31st. E.g: If you have a company created on 01.12.2015, you need to submit a report on the activity carried out in 2015 – in this case only one month.

Who is obliged to announce the annual financial report?

All the traders according to the Bulgarian Commerce Act, this includes Limited Liability Companies (Ltd.), Limited Partnerships, General Partnerships, Joint Stock Companies.

Financial statements shall be prepared by accountants or accounting firms. However, there are certain companies whose reports are subject to independent financial audit by registered auditors. These reports are also prepared by accountants but it is necessary to be verified by registered auditor before their announcement in the Commercial register.

These specific companies are several types:

  • Joint Stock Companies and Partnerships limited by shares;
  • Companies that issue securities for public offering;
  • Credit institutions, insurance companies, investment companies;
  • Companies involved in social insurance and funds management;
  • Companies that shall draw up consolidated financial statements – parent company and its subsidiaries;
  • Non-profit organizations in public benefit with assets over 1 million BGN or business income over 2 million BGN;

Announcement of the annual financial statements has certain deadlines as follows:

  • For sole proprietors – until 31.05 ;
  • For Limited Liability Companies – until 30.06 ;
  • For all the rest legal entities – until 31.07 ;

The deadline must be followed for each year thereafter. If the financial statements has not been announced on time, the fine that may be imposed to the company is from 500 BGN to 3000 BGN. Upon repeated violation the amount оf the fine is double.

How to submit annual financial report for company in Bulgaria?

Refer to our team of professionals. We will prepare the report, accounting records, together with additional applications – protocol of general meeting of shareholders / decision of the sole shareholder for adoption of the report, declaration of the truthfulness of the circumstances stated.

New rules for registration of NGOs in BULSTAT Register

New rules for registration of non-profit organizations (NGOs) in BULSTAT Register came into force on 01.05.2016.

The register now functions as centralized electronic registry which implements registration and issuance of reports and certificates of recorded circumstances. Thus any foundation, association, trade union organization or community center will have its own electronic file, similar to the Commercial Register.

The representatives of NGOs will have the opportunity to use automated electronic services of BULSTAT Register – to submit electronic documents and make electronic references.

One of the most important advantages of electronisation of BULSTAT Register is that indication of BULSTAT code of NGO is sufficient to prove the registered circumstances towards the court, local and state authorities, organizations providing public services and banks. Furthermore, all BULSTAT cards issued until 01.05.2016 are now considered invalid document and NGOs are no longer obliged to identify with such card. This will save a lot of additional costs for reference documents, certificates, card, etc.

An application for registration of circumstances in the register can be submitted only by NGOs’ representative or authorized person with notarized power of attorney. An application should be submitted in 7-days (incl. non-working days) from the receipt of court decision for initial registration, re-registration or deletion of NGO.

What is an EORI number?

EORI number is used to identify legal persons and individuals based in the European Union, as well as those outside the EU, when performing customs activities in the EU.

With effect from 01.07.2009, for all economic operators in their interaction with the customs administration of a Member State of the European Community, it is necessary to have an unique identification number EORI (acronym for Economic Operator Registration and Identification). In this relation all companies and individuals sending and receiving packages/consignments need to obtain EORI number from the relevant customs office.

Some cases for which EORI number is required

Import Export Transit
Consignor / Exporter Non mandatory Mandatory
EORI number or single (Ad-hoc) number
Non mandatory
Consignee Mandatory
EORI number or single (Ad-hoc) number
Non mandatory Non mandatory
Declarer / Representative Mandatory
EORI number or single (Ad-hoc) number
Mandatory
EORI number or single (Ad-hoc) number
A person responsible Mandatory
EORI number

EORI registration should be made in the relevant territorial customs office of individual’s residence or company’s registered office.

Advantages of a shelf company

Shelf company (also called “ready made company”) is a denotation for a company which is registered in Commercial Register and has never conducted business activity. This kind of companies do not have any obligations, assets or liabilities.

Should I buy a shelf company?

It is a smart decision if you are applying for a project and there is a requirement the company to be registered at least 6 month ago – quite common in applying for EU grants/funding.

Ready made companies with VAT registration

The purchase of VAT company saves you a lot of time, you do not have to wait 1-2 days for the registration of company and additional 14 days for VAT registration. The client receives fully registered company ready for work.

During the transfer of the shelf company to the new owner all company details can be changed:

  • company name
  • registered office and address (mandatory to be in Bulgaria)
  • scope of activity
  • director/manager of the company

Thereby the company is being tailored according to customer preferences.

Order your shelf company now