Tax advisor and expert accounting services in Bulgaria since 2017

Who are we and why can you trust us?

Ivailo Petrov tells how he came to provide expert accounting services in Bulgaria

Ivailo Petrov, expert accountant at his working desk.

Let an expert accountant advise you now

Hi, I’m Ivailo Petrov from Sofia, Bulgaria. 

Portrait of Ivailo Petrov, expert accountant and tax advisor in Sofia, Bulgaria.

Let me share a bit about my story and how I ended up helping people like you optimize their tax situation by registering their companies here in Bulgaria.

Building a strong foundation

The American University of Bulgaria.

As a teenager I first studied at the Sofia High School of Mathematics, one of the most prestigious schools of mathematics in the world, and graduated in 2011.

From there, I pursued my studies at the American University of Bulgaria, the only American university in the Balkans.

In 2015, I majored there  in Mathematics and Business Administration.

Little did I know at the time how relevant this education would be for my future career!

Discovering My Path

Young people in a corporate office stressed and overworked.

After graduating, I started working at a marketing firm.

While I learned a lot, I quickly realized that I wanted the freedom and responsibility of being my own boss.

In 2018, I took the plunge and opened an online store selling iPhone accessories across Europe.

It was an eye-opening experience where I understood first hand about the necessity and challenge to find a good accountant!

Meeting the Perfect Partner

Ivailo Petrov and Dimitar Simeonov, partners in delivering expert accounting services in Bulgaria.

In 2017, during my search for a trustworthy accountant, I met Dimitar Simeonov, a professional born and raised in a family of expert accountants!

We clicked instantly and saw a great opportunity to work together.

I became the Head of Business Development of our new project, and we first focused on providing accounting services to Bulgarian clients.

But soon, my international friends from university, from Albania, Russia, Spain, and other countires expressed interest in setting up businesses in Bulgaria. They were drawn to the advantages of choosing Bulgaria for their company formation.

Specializing in Accounting Services for Foreigners in Bulgaria

A woman stamp a document of accountings services in Bulgaria.

We quickly realized there was a significant demand for specialized accounting services in Bulgaria for foreigners.

Understanding the unique challenges they face with bureaucracy in Bulgaria when wanting to register a company, we developed effective solutions and processes to help them and felt confident to grow bigger than ever!

Yet this is exactly when the COVID-19 pandemic striked…

This event forced us to shift our focus back to local clients temporarily.

Now, as the world reopened, we’ve been able to return to our true passion: assisting digital nomads, freelancers and entrepreneurs just like you in optimizing their tax situations by helping them at the best cost possible for their company registration in Bulgaria.

Why choose us for your accounting services in Bulgaria?

Keep more of what you earn!

Benefit from Bulgaria’s lowest corporate tax rate in Europe—only 10%, coupled with highly advantageous social security contributions capped to maximize your savings.

Save time, focus on growth

Bulgaria’s business administration is straightforward, with no hidden taxes or complex regulations, making it one of the simplest systems in Europe. 

Enjoy the peace of mind of a fully legal setup

We ensure your business operates within the law, providing you peace of mind and protecting you from potential legal headaches.

Manage your business from anywhere

Whether you’re at home or on the move as a digital nomad, our complete remote service setup means you don’t have to set foot in Bulgaria unless you choose to. 

We take care of everything…

For just a 300 € one-time registration fee and 250 € monthly accounting fee, our complete accounting package manages your VAT, social security, salary declarations, accounting invoices and quarterly dividend declarations.

…and even more!

Benefit from our proactive support, custom-tailored to your evolving business needs. Our experts not only respond to challenges but also anticipate them, ensuring your operations comply with the latest Bulgarian laws and regulations. 

What our clients say about proceeding with a company registration in Bulgaria

Logo for the website Company Registration Bulgaria.

Juan Ignacio Badano

⭐⭐⭐⭐⭐

"Highly professional, attentive and responsive"

“I highly recommend Company-Registration.bg. They helped me set up my business smoothly and provided me with advice tailored to my special situation. The team is highly professional, attentive and responsive.”

Logo for the website Company Registration Bulgaria.

Lachezar Nikolov

⭐⭐⭐⭐⭐

"Error-free service"

“Fantastic experience. They provide high-quality, error-free service at a very reasonable price. Super helpful and quick to respond!”

Logo for the website Company Registration Bulgaria.

T.M.

⭐⭐⭐⭐⭐

"Exceptional accounting and financial audit services"

“They exceeded all my expectations with their exceptional accounting and financial audit services. Their expertise and attention to detail were evident from start to finish. The team’s professionalism and commitment to client satisfaction are unmatched. I highly recommend them for any accounting needs. Five stars!”

So what's next now?

A digital nomad having a free consultation about a company registration in Bulgaria.

Let’s get to know each other. It’s important for both of us to make sure we collaborate with trustworthy people to ensure a successful future.

To ensure your safety and our integrity, we deliberately avoid working with companies engaged in non-transparent activities.

If you are in Bulgaria, we will guide you in person along each step of the setup of your company.

If you stay abroad, we’ll handle everything for you remotely, making sure everything goes smoothly no matter where you are.

We will use the online tools and systems that you prefer. This helps us work together effectively, fitting into your usual way of doing things…

…and you’re good to go, your situation is now legally optimized, you can focus on growing your business!

Frequently Asked Questions about accounting services in Bulgaria

The European flag and the Bulgarian flag floating alongside.

To decide whether it’s better to be a freelancer or to open a company, consider factors like tax rates, liability, and long-term business goals. Companies often provide better tax optimization and liability protection.

Contact us and we’ll help you decide what’s best for you.

You will have to pay VAT in Bulgaria when your annual turnover exceeds 50,000 BGN (approximately 25,600 EUR) or if you provide certain types of services that require mandatory VAT registration.

To issue invoices, use platforms like Stripe, Zoho, or others of your choice. We provide a free 30-minute training if needed.

To get paid from your Bulgarian company, a combination of salary and dividends can be optimal for tax purposes. Salaries are subject to social security contributions, while dividends are taxed at a lower rate.

Yes, you will need to pay social insurance for the manager of your Bulgarian company if they receive a salary.

For your company in Bulgaria, deductible expenses include business-related costs such as office rent, utilities, salaries, social security contributions, travel expenses, and office supplies.

Make the smart move!

Take the first step to reduce your tax burden and streamline your business setup.

Contact us now for a free consultation and learn how we can help maximize your earnings with legal tax optimization.

Ivailo Petrov, expert tax advisor in Bulgaria on his desk.