Search found 14 matches

by MEDD
Mon Oct 12, 2009 12:36 pm
Forum: Property Buying/Selling Advice
Topic: 5000 leva for new company? Now only 2 leva!
Replies: 28
Views: 11014

Hi, :D 2 levs will be the minimum company capital if you want to set up a limited company. The company formation does not cost 2 levs. In addition most banks require higher minimum balance for the company bank accounts and you need to deposit your capital into a capital raising company bank account ...
by MEDD
Tue Sep 29, 2009 7:50 am
Forum: Schools and Education
Topic: further education at V/T university and/or military college
Replies: 19
Views: 16275

Hi, As far as I know the summer intensive course is for people who have already learned Bulgarian. It is part of a Conference dedicated to Slavonic languages and is attended by people from many different countries more as an exchange of knowledge and ideas than for someone to learn Bulgarian from th...
by MEDD
Wed Jun 10, 2009 1:51 pm
Forum: Getting to & travelling in Bulgaria
Topic: Sofia to Varna - train or bus/coach?
Replies: 43
Views: 12117

One alternative is flying with wizzair.com which costs 40 to 60 levs per person for one way in most cases and the travel time is one hour. The only minus is you have to check in one hour earlier and have to book a week before you travel.
by MEDD
Wed Jun 10, 2009 1:43 pm
Forum: Banking/Currency/Insurance/Mortgages
Topic: Anyone used epay to pay bills
Replies: 29
Views: 11665

Hi, You need a Bulgarian debit or credit card and have to be in Bulgaria when you register initially. Then you only need your username and password and, obviously, money in your card. I have been paying my bills, taxes and others through epay.bg for at least 4 years and I have never had any problems...
by MEDD
Mon Oct 13, 2008 10:27 am
Forum: Property Buying/Selling Advice
Topic: Regulation of the real estate buying process
Replies: 27
Views: 5442

Hi all, I think Rocky is right. REM/As are not needed, lawyers are not needed,... others will be on the list of "not needed" soon. In the good world all will be as it was during the socialism here - my father was fixing the car, tiling the bathroom, rewiring the kitchen as there was no service indus...
by MEDD
Tue Oct 07, 2008 10:10 am
Forum: Banking/Currency/Insurance/Mortgages
Topic: How safe is the bulgarian banking system?
Replies: 55
Views: 13785

Hi all,

Deposit insurance in Bulgaria is 40,000 Bulgarian levs. This is written in a law. :)
by MEDD
Fri Sep 26, 2008 12:03 pm
Forum: Banking/Currency/Insurance/Mortgages
Topic: How safe is the bulgarian banking system?
Replies: 55
Views: 13785

Hi, I believe Bulgarian banking system is much safer than the UK and US system. There are a number of factors for this and the reason behind is that there was a severe bank crisis in Bulgaria when a dozen Bulgarian banks went bust. As a result a number of rules were introduced which aim to guarantee...
by MEDD
Thu Sep 18, 2008 1:15 pm
Forum: Taxes
Topic: Selling your properties and registering for VAT
Replies: 36
Views: 9661

Buildings completed over 5 years ago are not subject to VAT taxation. In this case the building and part of the land which is under the building and three metres at each side should not be considered turnover for VAT purposes. Only the rest of the land should be VAT turnover. So it is unlikely the c...
by MEDD
Thu Sep 18, 2008 11:44 am
Forum: Taxes
Topic: Selling your properties and registering for VAT
Replies: 36
Views: 9661

What is the property? If it includes building what is the building and how old?
Otherwise as far as I know the company may be declared in process of liquidation and, thus, not to register for VAT but you should consult a good accountant for the details.
by MEDD
Tue Jan 08, 2008 10:58 am
Forum: Taxes
Topic: 5% vs 2%? Light at the end of the tunnel?
Replies: 8
Views: 2992

Hi JerBil & all :), On 35,000 euros property you should have paid: - 2% property transfer tax - 700 euros and - 225 euros notary tax, copy (prepis), 0.1% for the entry in the register (vpisvane), not more than 3 euros bank charges. In case the particular notary was registered for VAT (which could ha...

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