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.

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Transport license in EU

Community license for international road haulage

Registration of transport company

How to get transport license in Bulgaria?

It is necessary to have a registered company (regardless of the legal form – LTD., JSC., etc.) and its scope of activity is specified for the carriage of goods against payment. Registration of company which carries out transport activity has its own peculiarities, therefore you can count on our qualified legal assistance in registration of transport company.

What documents are needed for Community license for international road haulage?

There are specific requirements for the head of the company’s activity:

Certificate of conviction of the person who manages the transport activity – should not be convicted or deprived of the right to exercise transport activity;

Certificate of professional competence, issued to the person who manages the transport activity – cannot manage more than two transport companies ;

Contract for the appointment of the person who manages the transport activity;

Regarding the company itself must be submitted:

Information for financial stability – it depends on how many vehicles will operate; For the first vehicle the company must have the equivalent in BGN of 9000 EUR and for each additional – the equivalent in BGN of 5000 EUR. Proof of financial stability can be achieved by deposition of the amount in the company’s capital, bank guarantee in Bulgarian bank or conclusion of insurance contract for a insured sum in the same amount.

Notification to the National Revenue Agency;

Declaration that the trader who applies for a license does not have an open procedure of bankruptcy;

Declaration of existence of own or leased garage area with exactly specified address in Bulgaria;

The license shall be issued within 30 days of submission of the documents.

The transport license is not unlimited, it is issued for a period of 5 years. Renewal is possible before the expiry date.

The transport company must comply with the requirements of the law not only when applying for a license but also during the entire period while exercising transportation. Companies which perform carriage of goods without required license shall be subject to large fines.

The requirements for obtaining a license should be carefully observed, therefore Global Consult Europe advises you to contact our team of professionals.