About us

VARNAFLATS.EU LTD is an independent company of Chartered Accountants, Business Advisors, International Tax Consultants and Lawyers, located in Varna, Bulgaria. We offer a comprehensive range of Accounting and Tax-Legal Services, Business Advisory and Audits for Bulgarian and International companies of all sizes across all sectors and we are proud to serve more than 500 clients from over 20 countries.

WHY BULGARIA:

GREAT TAX BENEFITS

The main goal of the Bulgarian tax system is to be attractive! Taxpayers in Bulgaria benefit from flat tax rates:
    • 10% corporate profit tax
    • 10% personal income tax
    • 0 or 5% dividend tax
Without any exceptions or restrictions! There’s no inheritance or gift tax in Bulgaria. The VAT rate is 20% and Bulgaria has Double Taxation Agreements with 80 countries!

LESS RISK

The Bulgarian Tax system has been working perfectly since 2007 and it is well protected against any changes. The tax rates could only be changed if two thirds of the parliament members are in favour.

LOW BUSINESS COST

Bulgaria is blessed with low business costs such as cheap rental prices for business properties and low utility costs. Real estate and rental prices in Bulgaria aren’t only much cheaper than in leading EU countries, they’re also cheaper compared to the rest of the Eastern European countrie

LOW LABOR COST

The average salary in Bulgaria is 500 euro per month. The labour cost of an employee is only 10% compared to the labour cost in Western Europe and at the same time you will meet highly- trained and educated employees.

POLITICAL STABILITY

Bulgaria is safe and stable democratic country with neither ethnical tensions nor emigrant issues.

WHY VARNAFLATS.EU LTD

At VARNAFLATS.EU LTD we believe in the personal touch, strong client relationships and personally tailored solutions. We realize no two businesses are the same. So whether your business is a start-up or a multi-national, we focus to help you achieve your goals. We aim to service our clients with the highest standards, strictly observing Bulgarian and European legislation and protecting their interests. Our major assets are Our Clients and Our Team. At VARNAFLATS.EU LTD it’s not just about profit and loss statements and balance sheets – it’s about people and relationships!

WHAT ELSE WE CAN DO:

We offer professional accounting services that will allow you to focus on and take care of your business, without worrying for financial records, hiring and supervising accounting staff or searching for additional financial expertise.

Our complete range of bespoke bookkeeping and business accounting services is tailored to suit your company’s demands, incorporating the best of our team’s extensive expertise and experience with Bulgarian tax and statutory legislation, achieved from working with a large number of accounting cases with companies across different business sectors.

By taking a responsible and proactive approach, we take care of your company’s accounting functions from monthly bookkeeping services through tax planning and financial management with dedicated personal advice in accordance with Bulgarian legislation.

When working with our team at  VARNAFLATS.EU LTD, you can rely on professional relations based on confidentiality, trust and partnership.

Automated monthly company bookkeeping. Processing of all general ledger transactions, accounting entries, bank reconciliations, accounts payable and accounts receivable in compliance with national accounting standards.

VAT returns preparation, corporate taxation, monthly, quarterly and annual reporting, fiscal closing, representation before official financial and tax authorities.

National Statistical Institute (NSI) annual sheets’ preparation and submission

Tax return preparation and submission.

Day-to-day tax and financial consulting services.

We offer principal representation for your business before the official financial and tax authorities in Bulgaria.

Bespoke tax consultancy