Accouting Bulgaria: Professional Accounting Services
Expert Bulgarian Accounting and Tax Consulting Services
Transform your business operations in Bulgaria with professional accounting services built on proven experience and deep knowledge of local legislation. Rema Consult brings over 20 years of expertise serving small businesses, international companies, and established enterprises across every stage of growth - from company formation to mature financial management.
Whether you are launching a new company, expanding a foreign company into the Bulgarian market, or optimizing an established business, our dedicated team delivers tailored solutions that keep you fully compliant and focused on what matters most: your success.
Contact Rema Consult for Your Free Accounting Consultation Today!
Why Professional Accounting Services are Essential for Your Bulgarian Business
Accounting in Bulgaria demands expert knowledge of a regulatory landscape that evolves constantly. Bulgaria has the lowest taxes in the European Union - with a flat 10% corporate income tax rate and a 10% personal income tax - yet the compliance requirements are rigorous and detailed. Here's why partnering with a professional accounting company matters:
Regulatory Complexity: Bulgarian tax law, VAT obligations, payroll regulations, and financial reporting rules require specialized expertise. All legal entities must maintain full double-entry bookkeeping as per the Accountancy Act, and accounting regulations in Bulgaria are aligned with international standards.
Financial Accuracy: Professional bookkeeping services ensure precision in every VAT declaration, financial report, and tax filing. Companies in Bulgaria must prepare balance sheets and profit and loss accounts - errors can trigger penalties and tax inspections.
Cost Efficiency: Outsourcing accounting services is recommended for small to mid-sized businesses. It saves money, reduces administrative burden, and eliminates the need to hire full-time in-house staff.
Risk Mitigation: Businesses must handle compliance with strict KYC and AML laws in Bulgaria. Proper documentation and regulatory adherence protect your company from fines and legal exposure.
Focus on Growth: When experts handle your finance and compliance, you can direct your energy toward customers, products, and strategic planning.
Year-Round Support: From evolving tax regulations to the recent euro adoption, your business needs a reliable partner that stays current with every change in local legislation.
Our Accounting Services
Small and Medium Enterprise Accounting
We create customized accounting solutions for businesses of all sizes operating in Bulgaria. Whether you are a freelancer, a startup with three employees, or a manufacturing firm scaling operations, Rema Consult provides monthly bookkeeping, payroll management, tax preparation, and strategic financial consulting. Small and medium-sized enterprises may use Bulgarian National Accounting Standards, and our team ensures your reports meet every statutory requirement.
International Company Support
For foreign companies entering the Bulgarian market, we offer specialized services that remove the complexity of cross-border compliance. We provide accounting, monthly bookkeeping, payroll management, tax preparation, and strategic financial consulting, including guidance on local payroll requirements such as Bulgaria's minimum wage of 332 EUR per month. Our team provides support in the Bulgarian language, assists with company registration, and manages all reporting requirements. Accountancy Bulgaria specializes in accounting for international companies, and Rema Consult matches that standard with clear communication and deep expertise in serving clients from across Europe and beyond.
Our Top 10 Essential Accounting and Strategic Tax Planning Services
Monthly Bookkeeping: Complete financial record management, transaction processing, and double-entry bookkeeping in full compliance with the Accountancy Act. All accounting records must be in Bulgarian and in the national currency.
Payroll Administration (TRZ): Employee salary calculations, social security contributions, and benefits management. A dedicated accountant manages payroll and social security payments for employees in Bulgaria, ensuring every payslip is accurate. Payroll management can be time-consuming for small business owners - we handle it so you don't have to.
VAT Services: VAT registration, monthly declarations, and full compliance with Bulgarian VAT regulations. VAT registration is required for companies generating over 50,000 EUR yearly, and VAT returns must be filed by the 14th of the following month. The standard VAT rate in Bulgaria is 20%.
Annual Financial Reports: Statutory reporting and financial statement preparation. Annual financial statements must be filed with the Bulgarian Registry Agency. Annual financial statements are submitted by March 31 to the National Statistical Institute, and we also prepare reports required by institutions such as the NRA, NSSI, NSI, and banks.
Company Registration: Complete business formation and legal entity establishment. We provide accounting support for international companies, assist with company registration, and offer service in Bulgarian as well as other languages. Company registration in Bulgaria takes only 3 business days. A registered company must have an official business address.
Tax Consulting: Strategic tax planning and optimization. Tax consultancy helps businesses navigate local taxation rules and can optimize financial performance for businesses. Corporate tax returns are due by March 31 each year in Bulgaria.
Paperless Accounting: Modern digital solutions for efficient document management - access your reports and data in just a few clicks. Digital platforms like e-File solutions can save up to 50% of administrative time.
Compliance Services: Ensuring adherence to Bulgarian accounting and tax laws, including managing obligations around tax inspections, transfer pricing, and audit readiness.
Financial Consulting: Strategic advice including financial analysis for business growth, informed decisions on reinvestment versus profit distribution, and planning for long-term success.
Audit Support: Preparation and assistance during financial audits and reviews. Mandatory audits are required for companies exceeding specific asset thresholds. Audits may also be required when companies exceed statutory revenue or employee thresholds. The Commission for Public Oversight of Statutory Auditors oversees auditing in Bulgaria, and the Institute of Certified Public Accountants regulates certified public accountants in the country.
Our Accounting Process
Step 1: Initial Business Assessment
We begin with a comprehensive review of your business structure, industry, and specific needs. Our team analyzes your current financial systems and identifies improvement opportunities - whether you are a new company just forming or an established business seeking a more efficient provider.
Step 2: Customized Service Planning and Tailored Solutions
Based on the assessment, we develop a tailored accounting solution that fits your business needs precisely. We select the appropriate services from our comprehensive portfolio, ensuring you only pay for what you need. Tax advisors provide tailored solutions for foreign companies in Bulgaria, and our consulting approach applies the same principle to every client.
Step 3: Professional Implementation
Our certified accountants set up your accounting systems and processes with expertise. We integrate seamlessly with your existing business operations and software systems. The fiscal year in Bulgaria runs from January 1 to December 31, and we align all reporting cycles accordingly. A company cannot operate without an EORI number for imports or exports - we ensure every registration is handled correctly from day one.
Step 4: Ongoing Support and Maintenance
Rema Consult provides regular monitoring, reporting, and consultation services throughout the year. Payroll outsourcing reduces compliance risks for businesses in Bulgaria, and our ongoing support ensures continuous compliance updates, proactive business advice, and readiness for any regulatory change. Payroll solutions are essential for compliance with local regulations - we deliver them consistently.
Client Success Stories
"Before working with Rema Consult, managing our bookkeeping and VAT filings consumed hours every week. Now our finances are organized, our reports are accurate, and we can focus entirely on growing our business."
– Dimitar S., Small Business Owner
"As a foreign company entering Bulgaria, we needed a reliable agency that understood both international practices and local regulations. Rema Consult handled our company formation, tax registration, and ongoing accounting flawlessly. Their clear communication and commitment made all the difference."
– Anna L., Operations Director, International IT Firm
Frequently Asked Questions
What are the monthly costs for accounting services in Bulgaria?
Pricing depends on several factors: your company size, monthly transaction volume, number of employees, and the complexity of services required. Rema Consult offers flexible service packages - from basic bookkeeping for freelancers and startups to comprehensive accounting, payroll, and tax consulting for larger enterprises. Contact us for a personalized quote based on your specific needs.
How do Bulgarian accounting standards differ from international practices?
Bulgaria follows a dual framework. Small and medium-sized enterprises may use Bulgarian National Accounting Standards (BAS), while large entities must adopt International Financial Reporting Standards since 2003/2005. The accountancy profession is governed by the Independent Financial Audit Act of 2016. All companies in Bulgaria must maintain double-entry bookkeeping, and companies exceeding certain thresholds trigger mandatory audits under specific criteria. Our team ensures your financial reporting meets every applicable standard.
Can you help foreign companies with company registration and establish operations in Bulgaria?
Absolutely. We provide comprehensive support for international businesses entering the Bulgarian market - from company registration (which takes only 3 business days) through ongoing accounting management. Bulgaria has the lowest taxes in the EU, making it an attractive destination for foreign investment. Our services cover entity selection, bank account setup, VAT registration, employer registration, and full ongoing compliance, all delivered with the expertise and knowledge that partners and clients expect from a leading accounting firm.
Contact Rema Consult
Get Started with Professional Accounting Services Today!
With over 20 years of proven experience in Bulgarian accounting, Rema Consult is the reliable partner your business deserves. Our commitment to quality, efficiency, and long-term partnership has helped hundreds of clients across industries achieve compliance and growth in Bulgaria.