this is us

You run the business, we run the numbers

ITAX BULGARIA is an independent accounting company since 2015, working with the latest accounting software, mainly with high tech companies keeping up with the trends in the rapidly developing economies and applying the best practices in business.

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services

You count on us, we count for you

We can offer the fastest way going from company establishment to accepting your first payment globally. Our company represents the clients in front of all Bulgarian institutions as we stay responsible for the accountancy, bookkeeping, all tax reports and statistics. The personal attitude towards our partners is extremely important for our team. Daily we strive to be of a maximum help to each client.

We can assist in setting up your Bulgarian company within 3 business days. Share your ideas with us and we will suggest the most efficient steps for company registration following the Bulgarian and European legislation.

Our team loves numbers and is always ready to challenge itself with different areas of business. We work with Start Up companies developing ideas as well already organized established companies which want to move their vital interests to Bulgaria and enjoy the favorable tax climate.

The VAT registration is required for any company dealing in Bulgaria or abroad and generating a revenue of 50 000 EUR/ yearly.

We have Payroll solutions for each business operating in Bulgaria. The administrative requirements are frequently changing and outsourcing the Payroll is a smart decision. This eliminates the risk of non-compliance.

Planning and organizing your business requires set of different administration services which our team can handle.

We provide legal advices, claims handling services, drafting of documents, representation of the company before the authorities, assistance in applying for various certificates and licenses required for your business activities.

great prices

Why Bulgaria?

why-bulgaria

Bulgaria has enjoyed a period of economic growth and for sure has a promising growth potential over the next decade. It has a perfect location in Europe, frequent flights from and to the big European cities and not only. The capital, Sofia, has a good infrastructure, two airports, new, modern and comfortable tube and affordable taxi services. The country has an excellent access to profitable markets as Turkey and Middle East, definitely a strategic geographic location.

1. Low taxes

You can reduce your business costs with more than 20%

  • 10% corporate profit tax
  • 5% dividend tax
  • 10% personal income tax
  • 20% VAT

2. Set up a new company in 3 days

  • Fast and easy procedures with Trade Registry and banks
  • Company capital required of only 2 BGN/ 1 EUR
  • Immediate access to online banking system

3. IT professionals and
High Tech companies

  • One of the fastest Internet connection supporting the best specialists in the IT sector performing their duties. Preferred place for freelancers and startup companies.
  • The capital Sofia hosts one of the biggest American and European IT companies. Bulgaria is well known with its outsourcing business process

Service packages

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Company registration

Discoverist

  • Limited company
  • All State and service fees included
  • Assistance in opening а capital raising bank account
  • VAT registration
  • Assistance in opening 1 company bank account / options in BGN, EUR and USD/
  • Company stamp
From 750€
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Accounting

Standard

  • Accounting for expenses and revenue invoices – up to 10 invoices
  • Bank reconciliations up to 2 bank accounts
  • Payroll processing – up to 1 person – director
  • Tax consultancy

  • Annual financial reports

From 200€
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Bulgarian residence permit

  • Assistance with application for Bulgarian residence card
  • Preparation of all documents in Bulgarian and English
  • All state fees included
From 800€

Company registration packages

Discoverist

  • Limited company
  • All State and service fees included
  • Assistance in opening Capital raising bank account
  • VAT registration
  • Assistance in opening 1 company bank account / options in BGN, EUR and USD/
  • Company stamp
From 750€

Explorist

  • All services from the Discoverist Package

  • Registered address for 1 year (business address in the business area in Sofia)

  • 2 bank accounts opening in BGN and EUR/USD (internet banking, debit cards – MASTERCARD and VISA)

From 1250€

Globalist

  • All services from the Explorist  Package

  • Personal tax and social security number for the director

  • 1 personal bank account opening for the director – BGN/EUR (internet banking, debit cards – MASTERCARD and VISA)

From 1550€

Accounting services

Standart

  • Accounting for expenses and revenue invoices – up to 10 invoices
  • Bank reconciliations up to 2 bank accounts
  • Payroll processing – up to 1 person – director
  • Tax consultancy
  • Annual financial reports
€ 200/monthly

Business

  • All services from the STANDARD Package

  • Accounting for expenses and revenue invoices – up to 25 invoices

  • Payroll processing – up to 3 people
  • Passive online banking
  • Preparation and computing VAT declarations – monthly
  • Preparation of reports on the needs of the NRA, NSSI, NSI and banks
€ 300/monthly

Premium

  • All services from the BUSINESS Package

  • Accounting for expenses and revenue invoices – over 25 invoices
  • Bank reconciliations up to 4 bank accounts
  • Payroll processing – over 3 people
  • VAT refund
  • Assistance with tax inspections and audits
€ 500/monthly

Other services

Private address in Bulgaria

  • Address in one of our apartments in Sofia for 12 months, located in the best part of the capital
  • Zip code and mailbox to which you can receive letters
  • Forwarding all letters to the address to which you request
1000€

Personal bank account

  • Opening a private bank account in a preferred currency – BGN, EUR or USD
  • Online banking
  • Debit card (MASTERCARD or VISA)
510€

VAT registration

If you are planning your company to operate with companies from the EU and beyond, it is almost certain that you need VAT registration.
The biggest advantage of it is that all services you exchange with your Bulgarian company within the EU will be with 0% VAT.

150€

EORI number

If your business is related to the purchase or sale of goods outside the European Union, then you will definitely need an EORI number. Every company that imports or exports goods necessarily needs an EORI number.

150€

Registered address

A company cannot be registered without official business address, a physical office which could be visited by the local inspection. We offer an address you can use for your company registration in a business prominent area in the capital, Sofia.

530€

Crypto certificate

Currently, Bulgaria has no specific crypto license but nevertheless, a crypto company cannot operate legally without an authorization certificate issued from the National Bulgarian Bank. There is an approved list of authorized crypto companies and only being entered in it the company can work confidently with crypto currencies. We can assist with application for a certificate which would give you the opportunity to enter the list and operate legally.

300€

Virtual office

Virtual office service is a good decision for remotely working Directors and their employees. We help small and middle size companies to create a business image and secure its correspondence also to protect its legal and business interests. The mobility is more than a necessity. By operating in a low cost country but meanwhile being able to be anywhere is something we cannot neglect, just keep your virtual office running and working for you.

  • Mail receiving and forwarding once per week
  • Scanning up to 10 documents per month and mailing them
  • Usage of a physical business space up to 9 hours/ yearly for business needs with High Speed Internet included
  • Filling out any documents related to administrative needs in Bulgarian and English, up to 5 pieces yearly
  • Providing a local phone number and handling its calls*

*optional and subject to additional charge

1000€ / year

Website development

  • Custom design and development
  • Basic search engine optimization (SEO)
  • Social media integration
  • Mobile-friendly design
  • Hosting and domain included for 1 calendar year
1000€