Freelancer in Bulgaria Registration Procedure
Bulgaria is an increasingly popular destination for freelancers and digital nomads due to its low tax rates, simple registration process, and growing reputation as a business-friendly environment. If you are considering becoming a freelancer in Bulgaria, this article will guide you through the benefits, the steps involved, and how our services can assist in making the process smooth and efficient in the freelancer in Bulgaria registration procedure. If you are interested in company formation in Bulgaria you can read more in our article for company registration in Bulgaria.
Why Register as a Freelancer in Bulgaria?
Bulgaria offers some of the most attractive tax rates in Europe, making it an ideal destination for freelancers and independent professionals. The personal income tax rate is a flat 10%, which is significantly lower than in many other EU countries. This allows freelancers to maximize their income while enjoying the benefits of working within a European Union member state.
The same tax rates apply for income from crypto, stocks, ETFs, and rental income. Income from gambling, poker, and casino game winnings is tax-free. There are no taxes for monetary inheritance from relatives.
Bulgaria also recognizes 25% of the income as expenses so you will not need to prove that you had business-related expenses, but they are automatically applied and the effective tax rate is actually 7.5% of your income, and with social security deductions it even gets lower. Detailed information about income tax in Bulgaria can be found HERE.
Additionally, Bulgaria boasts an affordable cost of living, modern infrastructure, and a growing tech sector, making it an appealing location for a digital nomad in Bulgaria. Whether you’re a software developer, consultant, designer, or other type of independent professional, Bulgaria offers a unique combination of low costs and high quality of life
Step-by-step Freelancer in Bulgaria Registration procedure
Freelancer in Bulgaria Registration procedure is a straightforward process, but it does require some legal and administrative steps. Our experienced team can handle all the necessary paperwork and provide ongoing support, allowing you to focus on your work.
Key Steps Include:
- Obtaining a Bulgarian Residency: Before registering as a freelancer, non-EU nationals will need to obtain a Bulgarian residency. This can be done through various means, such as employment, studying, or investment. EU citizens can freely reside and work in Bulgaria, but will still need to register their residence.
- Freelancer in Bulgaria Registration: The next step is to register with the BULSTAT Registry as a self-employed individual. This involves submitting a range of documents, including proof of identity and residence, and specifying your area of work. Our team can guide you through this process and ensure that everything is done correctly and efficiently.
- Tax Registration: Once registered as a freelancer, you will need to sign up for tax purposes with the Bulgarian National Revenue Agency. Freelancers are required to pay the tax as well as social security contributions. We can assist with all tax-related documentation to ensure compliance.
Our Accounting and Legal Services for Freelancers
Navigating the legal and financial aspects of becoming a freelancer in Bulgaria can be complex, but with our comprehensive services, the process is simplified. We offer full support for the Freelancer in Bulgaria Registration procedure as well as managing your tax obligations, and ensuring that you stay compliant with Bulgarian regulations.
What We Offer:
- Legal Consultation: We provide detailed legal guidance on the requirements and steps for the freelancer in Bulgaria Registration procedure. Our legal experts ensure that the registration process is completed smoothly and in full compliance with Bulgarian law.
- Tax Residency Assistance: If you are seeking tax residency in Bulgaria, we can help you meet the requirements and provide personalized support to ensure your residency application is successful.
- Subscription Accounting Services: As a freelancer, managing your taxes and financial obligations can be time-consuming and complicated. That’s why we offer subscription-based accounting services tailored to your needs. We handle everything from tax filings to social security contributions, allowing you to focus on your business while staying fully compliant with local laws.
By choosing us, you not only benefit from a hassle-free registration process but also ongoing accounting and legal support to ensure your freelance business in Bulgaria runs smoothly.
If you need a registered address in Bulgaria please read our article about it – Registered Address in Bulgaria: Everything You Need to Know
Conclusion
Registering as a freelancer in Bulgaria is an excellent opportunity to benefit from one of the lowest tax rates in Europe while enjoying a vibrant, cost-effective place to live and work. Whether you are an EU or non-EU citizen, our professional team can guide you through every step of the process—from legal registration to ongoing accounting services.
Contact us today to learn more about how we can help you become a digital nomad in Bulgaria and make the most of this tax-friendly destination.
You can reach us at:
tel.: +359895443792
email: ivanov@bi-lawfirm.com