1. Why should I choose  “AFB accounting” services and what is their priority?

We have great professional experience and we offer a wide range of services. We provide our services correctly and on time. We notify our clients of what we have done in order to ensure full transparency in relations with them.  We offer competitive prices and discounts for a package of our services and for clients of long standing. We ensure your peace of mind and we take care of your business and your property in Bulgaria.

2. How can I pay for a service offered by "AFB accounting"?

For ease and convenience and savings we offer several means of payment for our clients. Our methods of payment are by direct bank transfer and through PAYPAL system. If you are interested in other payment option please visit payments.

3. How the sending of correspondence and documents for the services provided by the "AFB accounting" is implemented?

We have long-established procedure for working with clients who live outside the territory of Bulgaria. Correspondence with them is done primarily through e-mail and to send original documents and certifications we are using standard postal services or courier companies. The costs of postage and courier services are paid by the customer.

4. How to register a company in Bulgaria and what are the terms and cost of this?

Registration of companies in Bulgaria is carried out by the Companies Register at the Registry Agency. The procedure is not complicated, but requires time and expertise necessary to do so. The deadline for registration of a company in Bulgaria is between one and three working days. We can offer you a registration of company in Bulgaria by saving you time and money and offering you competitive price for it. Our final price of registration of a limited liability company is € 400.

5. What kinds of companies are there in Bulgaria?

Companies in Bulgaria are several types: Joint Stock Company /JSC /; Unlimited Partnership (UP) Limited Partnership (LP), Limited Liability Company (Ltd) exists as a variety single-member limited liability company.

6. What is the needed capital for the registration of a company and what is it like?

To be able to conduct business, to buy goods and pay services  the company since its creation must have money. The money is received from its founders in the form of paid-up starting capital. The Act establishes in binding manner the minimum capital that is needed to establish a trading company: Limited Liability Company / Ltd / - BGN 5 000 , for a Joint Stock Company /JSC / - BGN 50 000. Recent legislative changes provide the necessary capital formation of a limited liability company to be BGN 2 or € 1 EUR only.

7. How to re-register your company in the Companies Register?

Re-registering a company in the Companies Register is linked to knowledge and engaging during the procedure. There is a risk you are refused entry because of failure to submit the required documents or because of improperly completed applications. We offer our professional assistance in re-registration of your company, regardless of the legal type. We will perform for you all the actions required for re-registration so that you will be minimally involved in this process. We will save you valuable time and trouble by offering the service at very competitive price at the same time. Our final price for re-registration of companies in the Companies Register at the Registry Agency is € 150.

8. Why do I need to re-register my company in the Companies Register and what the concequences are if I don't?

According to the Law on Companies Register all businesses and branches of foreign companies registered in the Companies Register must be reregistered in the Companies Register at the Registry Agency. If you do not do this in the legal deadline, the Registry Agency will officially enter into the Companies Register and will register all the traders and branches of foreign traders who didn't do that, and will immediately delete or  close them. The Registry Agency is officially entering the closure of the company, appointing a liquidator, determining his remuneration and the period of liquidation. Costs of winding-up proceedings are on behalf of the trader.

9. What are the deadlines for re-registration of a company in the Companies Register?

The deadline for re-registration of companies in the Companies Register at the Registry Agency is three years - 01.01.2008 to 31.12.2010.

10. What to expect from quality and fair accounting services?

A good accountant must always have information on submitted by you and prepared by him documents (reports, statements, contracts, invoices, instruments, records, bank statements, etc.).. If he is asked a question related to the accounting of your company, he should be able to answer your question fairly quickly, to give you a detailed Info and to justify his position. Any good accountant should inform his clients on innovations in accounting policy relating to taxation, social security and others.

11. When a company is registered under the VAT Act in Bulgaria?

The registration of companies under VAT in Bulgaria is in two ways. The first way is a voluntary registration under VAT according to Art.100 of Vat Law. The second way is a compulsory registration pursuant to Art. 96, paragraph 1 of VAT Law, for companies with a turnover of over BGN 50 000 for the last 12 months of operation.

12. Which companies announce the Annual Financial Statement to the Trade Register?

Under Article 40 of the Accountancy Law in Bulgaria, traders under the Commercial Law should publish their Annual Financial Statement - by the application and presentation of their announcement in the Companies Register. Announcement of Annual Financial Statements is true even for traders who are not active during the reporting period. They must publish a blank sheet.

13. How to announce an Annual Financial Statement in the Companies Register and what are the appropriate fines if I do not announce it?

The Annual Financial Statement of companies shall be announced in the Companies Register by established procedures. The announcement shall be paid according to the state fee of BGN 52 and  several additional documents will be prepared. The accounting policy, the statement of income and expense and the annual balance sheet of the company should be announced as well. The necessary applications, declarations and protocols decisions by the owner or by the owners are applied for the adoption of the statement.

14. How do I check the value and pay the annual taxes due for my property in Bulgaria?

Reference to the value of taxes and charges due can be made by phone or in the registry of the tax division. Obligations payable to the fund or a bank are on behalf of the owner of the property. In order to provide help to our clients who live outside the territory of Bulgaria we offer verification and payment of taxes on their behalf. The service is part of our Property management programme.

15. How can I liquidate a company registered in Bulgaria and whatare the costs for this?

The procedure is characterized by the specific actions in the the entry of circumstances concerning the dissolution and liquidation of companies. For its implementation is necessary to submit a special application together with the necessary documents and instruments subject to registration upon termination and liquidation of the company in the territorial units of the Registry Agency. The termination of a trading company is an extremely complex process. The management bodies, all the creditors, all the clients, all the employees, the administration, the court, the government bodies and others are involved in it . We can perform that complex process of liquidation of your company. If you wish to use our services to do so it is necessary to contact us and provide us all the necessary information, then we'll send you an offer for the specific service.