It’s better to set up a company in Bulgaria than working for tips

Both options mentioned in the headline of this article are valid when it comes to gain some extra money. A contractor, a freelancer or just a person in need of additional income – you are not banned from pushing forward as an individual but for numerous reasons, it’s preferable to set up a company in Bulgaria.

Certain activities oblige the person or the group running it to register some form of business entity. Anyway, the Bulgarian legislation allows some professions and crafts to be practiced more freely and outside of employment in someone else`s company. This means that it is not mandatory to create a firm. Farmers and stock breeders, craftsmen and artists, journalists and writers, photographers and cameramen, translators and teachers, lawyers and notaries, accountants and financial consultants, real estate agents, and inventors – all these occupations do not require inevitably to set up a company in Bulgaria.

Company in Bulgaria – isn’t it too difficult?

But in case you know a person from some of the branches mentioned above, ask them. Ask what of the following statements is closer to the truth? Is it or not frustrating to wait for a fee or a tip as an individual for weeks.  Or even months. Just because the company that hired you meets some issues to put that expense in the book in a proper way accordingly to the law. And isn’t it easier to run your activity through some form of legal entity? Issuing an invoice for certain work or service is the preferred option. It is preferred for many firms counting on outsourcing some of their jobs.

There are some concerns indeed when it comes to the matter to set up a company in Bulgaria. For a proper start better lean on an expert – at BulgarianLaw.co we have professionals to help you. You also have to find an accountant to check your firm for being clean in the face of the law – we can support your activity in that field too.