Company Registration, Accounting Services & Taxation reducing for Companies Registered in Bulgaria.

Introduction

Paramount Services offers and provides for their valuable Clients, services as follows:

1. Company’s incorporation in Bulgaria;

2. Accounting services & payroll maintenance, all scope administration;

3. Taxation consultations & taxes burden reduce.

Please kindly find bellow details regarding abovementioned topics.

Company registration in Bulgaria. REMOTE/ONLINE option possible.

Always available office@paramounts.eu, answer in 4 (four) hours.

The best Country to Start Your Business: affordable prices, lowest taxation rates & double less paces’ level for a remarkable properties @ a pure nature.

Important steps:

1. Book a call with our expert team -> office@paramounts.eu, answer in 4 (four) hours;
2. Analyze Your Options and Schedule a Follow-Up Call -> inquire the information needed, offer tailored accordingly your needs, prices at least 15% bellow the competition @ the best possible expertise;
3. Implementation and Incorporation:
   • you could visit Bulgaria & our office, discuss all details face to face & strengthen the mutual trust;
   • remote/online registration saving your time & money, WhatsApp call discuss all details & set the best timeline/agenda for you. Important: applying for a company’s IBAN @ a prestigious bank in Bulgaria is possible only after your visit the banking office;
   • company’s registration within 4 (four) working days after the required information & documents’ submission to the Bulgarian Registry Agency;
   • You could order immediate VAT registration: saves time & money & operation immediate start (regular VAT registration normally takes 14 working days & fee for audits).
4. Ongoing Guidance and Support: you could open you company’s IBAN @ Revolut, WISE, N24 etc., (as you need a Bulgarian IBAN just for the budget payments) & we will serve all budget related payment through our IBAN, banking account.

Accounting services. Payroll maintenance. Staff administrations. Labor contract register.

Always available office@paramounts.eu, answer in 4 (four) hours.

Our accounting and reporting services in Bulgaria can cover:

• Bookkeeping of all primary documents in compliance with statutory requirements
• Maintenance of the statutory accounting general and subsidiary ledgers
• Accounts Payable and Accounts Receivable services Cash management and bank payment administration
• Monthly closing of accounts, reports on profit and loss, balance sheet and cash flow
• Preparation of all required statutory reporting and submission to local authorities
• Consolidated reporting, reconciliation between statutory and management reports
• Tailored management reports
• Preparation of reports in both local GAAP and international IFRS/US GAAP standards
• VAT compliance and consultancy, including VAT registrations and return filings
• Any other tax consultancy associated with local taxes and real estate taxes
• Preparation and submission of the corporate income tax return
• Preparation and submission of the annual financial statements
• Representation in communication with the Bulgarian Tax Office and all statutory authorities
• Assistance and representation during audits, inspections and tax controls

Payroll services. Staff & Labor contracts maintenance.

Always available office@paramounts.eu, answer in 4 (four) hours.

Paramount Services either assists with or assumes all aspects of payroll on behalf of another business. This arrangement is often beneficial for employers who value their time and want to ensure that their employees and taxes are paid accurately and on schedule.

Our service of payroll reporting includes the following:

• Registration and deregistration new employees for social security purposes
• Submission of information required to update the profile of your employees for social security purposes
• Calculation of each employee’s monthly payroll, including tax, social security contributions, sick leave, etc.
• Preparation of a monthly payslip for each employee
• Preparation and submission of monthly and annually tax returns and other reports with relevant authorities
• Preparation and submission of documentation for the opening and salary reimbursement process during different types of leave (e.g. maternity, parental, sick leave, etc.).

Taxation consultations. Taxation optimizations. 5% max tax burden.

Always available office@paramounts.eu, answer in 4 (four) hours.

Tax consultancy includes provision of statements and clarifications with regard to the application of legal regulations to the tax matters.

Bulgaria’s tax system is recognized for its simplicity and competitive rates, making it an attractive destination for businesses, expatriates, and investors. With a flat tax rate of 10% on both personal and corporate income, Bulgaria offers one of the most straightforward and appealing tax environments in the EU.

Corporate Income Tax Rate – 10%

– Exemptions:

• Special purpose investment companies – 0%
• Collective investment schemes, admitted to public offering in Bulgaria, and licensed investment companies of the closed-end type – 0%

Capital Gains Tax Rate – 10%.

Withholding Tax: Dividends taxation rates to 5%. Dividends paid to legal entities which are tax residents in an EU/EEA member state – 0%. Double taxation avoidance possible and process served by our experts.

The personal income of individuals is taxed at a flat rate of 10% of the net salary. Income tax is payable by the employer on behalf of the employee together with the payment of social insurance contributions. 

Real estate annual tax – 0.01%- 0.45%

VAT: General rate – 20% & Reduced rate – 9% (for hotel accommodation).

Accounting Outsourcing – Common Reasons

Do Less. Achieve More. Focus on What Really Matters.

1. Save Up to 50% on Your Accounting Costs,
2. Create More Revenue.  With Current Staff,
3. Grow your Business. Not Staffing Worries,
4. No More Training New Accountants. EVER,
5. Reach Us Anytime. 24-hours-a-day.

Our promises & invitation for a partnership.

Paramount Accounting & Legal Services firm can provide complete legal & administrations services & information about other applicable taxes in Bulgaria, such as the corporate tax   business trips expenses tax treatment    social expenses taxation   taxes on representative expenses.

Our special PROMISES: 

1. ALWAYS to keep our services prices at least 15% below the competition’s  prices  level,
2. Till 3,000 EUR monthly turnover  ZERO Taxation,
3. 5% taxation burden maximum,
4. 4 hours expert support on all your questions w/o extra charge,
5. 100% reimbursement of all damages (if any) caused by our advices,
6. Loyalty, Integrity & Commitment is not just empty words/declarations, but everyday practice,
7. Keeping to our promises 24/7 @ any circumstances.

See you Friends, looking forward to contribute to your business growth & success.