Accounting in Bulgaria – The post-euro environment: What Businesses Must Know in 2026
The adoption of the euro on 1 January 2026 marks a historic turning point for Bulgaria. Beyond the symbolic shift, the transition represents a deep structural change affecting accounting practices, financial reporting, pricing policies, taxation, payroll, and long-term business planning. For companies operating in Bulgaria—local or foreign-owned—the post-euro environment requires not just compliance, but strategic […]
Bulgaria Has Been Approved to Adopt the Euro Effective 1 January 2026
Pros and Cons for Businesses and Individuals Bulgaria’s long-anticipated transition to the euro has officially been approved, with the country set to adopt the common European currency on 1 January 2026. This marks one of the most significant economic developments in Bulgaria’s modern history and will impact businesses, foreign investors, and citizens alike. While the […]
Accounting Trends to Watch in 2026
The world of accounting is changing faster than ever. As businesses embrace digital transformation, accountants are moving beyond traditional bookkeeping and reporting roles to become strategic partners in decision-making. By 2026, new technologies, regulatory changes, and global shifts will redefine how companies manage their finances. Here’s an overview of the top accounting trends for 2026 […]
Selling a Company in Bulgaria: Legal and Accounting Considerations
Selling a company is one of the most significant business decisions an owner can make. Whether you’re retiring, restructuring, or pursuing new ventures, the process involves a combination of legal, financial, and accounting steps that must be carefully followed. In Bulgaria, company sales are regulated by both the Commercial Act and Tax legislation, requiring detailed […]
Annual Financial Reports in Bulgaria: Deadlines & Requirements
Filing annual financial reports is a legal obligation for all companies registered in Bulgaria. Whether you run a small limited liability company or a large corporation, understanding the requirements and deadlines is essential to avoid fines and ensure compliance with Bulgarian law. This guide provides a clear step-by-step breakdown of what businesses must submit, when, […]
The Role of the General Manager in Bulgarian Companies
When establishing a company in Bulgaria, one of the most important decisions is appointing a General Manager (GM). This position is not only legally required but also central to the smooth operation of the business. For foreign-owned companies in particular, having a trusted GM ensures compliance with Bulgarian law and effective day-to-day management. Legal Responsibilities […]
How Outsourced Accounting Can Save Your Business Time and Money
In today’s competitive business environment, time and efficiency are among the most valuable resources. For many companies, especially small and medium-sized enterprises (SMEs) and startups, managing finances in-house can be overwhelming, time-consuming, and costly. This is where outsourced accounting services—especially to a trusted partner like Balantrix—come into play. More Time to Focus on Growth Outsourcing […]
Understanding Value Added Tax (VAT) in Bulgaria: A Guide for Business Owners
If you’re starting or running a business in Bulgaria, understanding Value Added Tax (VAT) is crucial. VAT is a tax on the value added at each stage of production or distribution and is a fundamental part of the Bulgarian tax system. This article will help you grasp the basics of VAT, know when and how […]
Power of Attorney for Company Formation: What You Need to Know
Starting a business in a foreign country can seem complicated, but with the right legal tools, the process becomes much smoother. One of the most powerful instruments for simplifying company registration in Bulgaria is the Power of Attorney (PoA). It enables a trusted representative to act on behalf of a foreign founder, significantly reducing the […]
Top 5 Mistakes Startups Make With Their Accounting – And How to Avoid Them
Starting a business is thrilling, but in the early stages, many startups underestimate the importance of proper accounting. Financial mismanagement can cause unnecessary stress, legal issues, and even business failure. To help your business grow on a strong foundation, here are the top five accounting mistakes startups make—and how to avoid them. Mixing Personal and […]
