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bricks

New member

German looking for information about Bulgaria

Forum posts

8

About me

German

Registration: 02 April 2021

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Registration yes (if I am about the free income amount, what I am), but I mean the monthly declaration will be very simple I guess. Thats at least what I hope for. I am just trying to figure out the most simple way to do the paper work. The EOOD ... Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Thank you Vasilev. I expected that amount and this doesn't sound like a great option for me then. I rather use the freelancer model than and just declare my monthly income and pay social contribution accordingly. Since I will do business ... Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Thank you. I assume the administrative monthly workload is a lot higher on an EOOD than as a freelancer, right? How much would an accountant for an EOOD with around 50 monthly invoices be? Is it possible to say that roughly? Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Thank you Vasilev. Personal liability isn't an issue for me, as in my field of expertise (online marketing) this doesn't matter. I also don't have a lot of expenses, that's why 25% rate of deduction isn't a bad deal either. ... Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

I cant edit my post but I forgot something. There are additional 5% (after tax and social contributions) on the profit for dividends? Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Thank you too, Olenaya. With 25% fixed deduction I mean the fixed percentage of expenses for freelancers. "Freelancers, civil contractors, notary officers, physicians, dentists, or other private practitioners may deduct 25% from their gross ... Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Thanks Vasilev. I dont have a lot of expenses really. So 25% seems like a "ok" deal for me. Because that way I also don't need expenses for accounting and really don't need to do much paperwork, I assume. What other possibilities ... Read More

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bricks replied to a thread
5 years ago
Kai1311

Social contributions EOOD manager/shareholder by Kai1311

Hi, I am a shareholder of a business in Germany (e-commerce) and want to relocate to Sofia in the next months. I read a lot about the formation of an EOOD in Bulgaria but some things still puzzle me when it comes to salary and social contributions. ...

Some great insights here. I am in a similar situation and maybe you can help me clarify which business would be the best choice for me. As a self-employed web designer I am not having any employees and I am not planing to change that. I work ... Read More

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bricks joined Bulgaria expat community
5 years ago