FAQ

Our Answers:

1. SHOULD I USE ACCOUNTANCY COMPANY SERVICES IN ORDER TO REGISTER MY OWN BUSINESS ENTITY IN BULGARIA?
Due to the complexity and sophistication of the procedures themselves, we, „RPN Accounting”, strongly recommend that you contact a professional accountancy company that is well experienced at co-operation with law specialists able to prepare the documentation needed for the registration of a new business entity.
2. SHOULD I REGISTER MY BUISNESS FIRST AND THEN LOOK FOR AN ACCOUNTANCY COMPANY?
That represents one of the most common mistakes made by business management. It is extremely important to consult an accountancy specialist before your company’s registration. Even if you have already hired a lawyer that will prepare the documentation for the procedure, you still need to be consulted by an accountant in an effort to attain the smooth future working process. Besides, a lot of other issues should be raised – ones that will determine the future development of the company and the monthly expenses that will be made.
3. IS IT TRUE THAT IN BULGARIA I CAN REGISTER A COMPANY WITH ONLY 2 BGN (EQUITY)?
Yes, the minimum amount to register your own company is really only 2 BGN. Despite that, however, we, „RPN Accounting”, always recommend that our clients consider carefully their future investment plans. Due to the necessity of taking into consideration a variety of factors when registering an individual company, it is advisable to execute a detailed analysis of its future activity and the relevant investments.
4. ARE YOU FAMILIAR WITH THE DIFFERENT OPTIONS I COULD TAKE ADVANTAGE OF WHEN REGISTERING MY OWN ENTITY IN BULGARIA?
Registering your own entity in Bulgaria will certainly give you the chance to take vantage of a lot of stimulus measures and development features Bulgarian economic environment provides. “RPN Accounting” will be your trustworthy partner that could show you the most efficient and rational way to step on the local market with regards to the legal form and the specific accountancy regulations of your future entity.
5. CAN WE CONSULT WITH YOU PROVIDED THAT YOU ARE NOT MY CURRENT ACCOUNTANT?
„RPN Accounting” always has its doors wide open for providing all available services even if you are not our long-term client. Our team is ready to offer you official consultation in an effort to share both their professional experience and competent advice. We hope that could be the beginning of a successful partnership.
6. I WOULD LIKE MY ACCOUNTANTS TO BE DEPRIVED OF THEIR ACCESS TO THE COMPANY’S PAYROLL INFORMATION – ARE YOU ABLE TO HANDLE ONLY THAT VERY PART OF MY ACCOUNTANCY („PAYROLL”)?
Since the confidentiality with regards to the company’s payroll details is getting more and more highly prioritized for a great number of firms, we, „RPN Accounting”, expanded the range of our services offering ‘external’ payroll services. You can rest assured that our professionalism will meet your expectations related to the quality and the efficiency of our work with regards to the accuracy and confidentiality in “Payroll” accountancy.
7. WILL THE ACCOUNTANCY REPORTING BE USEFUL WHATSOEVER TO THE MANAGEMENT OF MY COMPANY?
The accountancy reporting represents much more than just a legislative statistical data since it is being used for information disclosure especially useful for the management and investment purposes within the company itself. In its capacity of an experienced accountancy firm, „RPN Accounting” could well be your valuable ally in data preparation and reporting that might be easily processed by all company’s departments.
8. CAN I EXPECT SPECIAL ATTITUDE AND INDIVIDUAL TREATMENT TO MY COMPANY IF I DECIDE TO CHOOSE YOU AS MY ACCOUNTANCY PARTNER?
We, „RPN Accounting”, are well aware how important it is for every client to get the time and treatment they need. What is more – we strongly believe that professionalism stands for the ability to have special attitude to each individual company. That is why our team has developed a flexible working schedule that guarantees the accurate, timely and effective accountancy reporting of each client.
9. CAN I COUNT ON SMOOTH AND TIMELY COMMUNICATION WITH YOUR TEAM SO THAT I WOULD NOT WORRY I HAVE CHOSEN AN ACCOUNTANCY FIRM INSTEAD OF MY OWN PERSONAL ACCOUNTANT?
Beyond doubt, the accountancy firm has a lot of advantages compared to an individual accountant one of the most essential of which is the rich experience as well as the availability of a great number of specialists. The communication with the client is a main priority for „RPN Accounting”, as we know that is of great importance to each single firm. That is why we have developed a lot of communication channels – phone contact, permanent „Skype” contact, e-mail correspondence, courier, etc.
10. CAN WE RELY ON YOUR PARTNERSHIP PROVIDED THAT OUR MONTLY AND ANNUAL REPORTS MUST BE PREPARED IN ENGLISH?
The co-operation of „RPN Accounting” with international companies can be considered exemplary to a lot of other accountancy firms which is proved by the satisfaction level of our present clients. As a result of our close partnership with foreign companies we developed and expanded our services by offering accountancy reporting in English, including preparation of monthly and annual reports upon client’s request.
11. DO YOU HAVE THE CAPACITY AND EXPERIENCE TO ASSIST US IN THE MANDATORY ANNUAL FINANCIAL AUDIT OF OUR COMPANY?
The financial audit is an essential part of the accountancy in general representing the first external check level of the accuracy and compliance of the process. Taking into consideration the above mentioned fact, we, „RPN Accounting”, have specialized our services in the smooth and flawless co-operation in the procedures of financial audit preparation and execution process. That proves we have the capacity and expertise needed to assist you in this important accountancy aspect.
12. ARE YOU AWARE OF THE SPECIFIC FEATURES OF PERSONNEL HIRING, PERSONAL FILES PREPARATION AND SIGNING DIFFERENT TYPES OF WORKING CONTRACTS WITH PEOPLE THAT WOULD BE OUR EMPLOYEES?
Depending on your company’s policy and according to your specific needs, we, „RPN Accounting”, can offer you different options for personnel hiring. We are well aware of the peculiarities of the labor contract, the civil contract, the management and control contract and so forth. You can rely on our accurate and precise accountancy reporting of all those specific forms of the “employee – employer” relations.
13. WE MUST ACQUIRE ‘VAT’ REGISTRATION OF OUR COMPANY – CAN YOU HELP US EXECUTE THIS IN CONFORMITY WITH ALL RULES AND REGULATIONS?
The ‘VAT’ registration represents a step forward in the company’s development and can be a serious indicator of the need for professional accounting. The specialist of „RPN Accounting” can execute that very registration with no adversities as well as provide you with useful guidelines regarding your future accountancy execution and your new rights and obligations.
14. CAN WE COUNT ON YOUR PROFESSIONALISM WHEN IT COMES TO KEY TAX SOLUTIONS AND OPTIMIZATION SO THAT I COULD BOTH PLAY BY THE RULES AND TAKE ADVANTAGE OF THE LOCAL TAX CODE?
“RPN Accounting” consists of tax specialists that are professionally educated and well experienced in the field of taxation. We can assure you that all tax code specific features and optimization opportunities will be competently presented to you. Thus, we believe you will have the chance to realize the true considerable magnitude of Bulgaria’s advantageous economic environment.
15. WILL WE BE OBLIGED TO MAKE OUR ‘VAT’ REGISTRATION FROM THE VERY BEGINNING OR CAN WE DO THAT AT A LATER STAGE?
The ‘VAT’ registration is not mandatory provided that your company’s annual turnover does not exceed a certain amount. The specialists of “RPN Accounting” can guide you through to make the most efficient decision with this regard depending on your company’s size, future intentions and investment plans.
16. AS A MANAGER IN MY NEW BULGARIAN COMPANY WOULD I BE SUBJECT TO SOCIAL OR HEALTH INSURANCE?
Yes, if you are listed as a manager in your company you will be most likely obliged to pay social and health insurance. Nevertheless, the team of “RPN Accounting” will help you find the most effective way to arrange your legal position in the company and will provide you with guidelines regarding the insurance threshold levels.
17. DO YOU HAVE THE CAPACITY TO MAKE THE ANNUAL ACCOUNTANCY STATEMENTS AND REPORTS OF THE ENTIRE GROUP OF COMPANIES WE REPRESENT (CONSOLIDATION REPORTING)?
“RPN Accounting” does have the capacity to cover administratively and practically the accountancy of several different companies being parts of one and the same group. What is more – we believe we can handle the annual individual as well as consolidation reporting of the group as well and we will be looking forward to that challenge.
18. CAN WE LEAD EVRYDAY COMMUNICATION WITH YOUR TEAM IN ENGLISH LANGUAGE IN AN EFFORT TO ACHIEVE BETTER CO-OPERATION?
“RPN Accounting” can provide you with English speaking representatives that can handle your everyday requests and issues over the phone, via Skype or e-mail. You can be absolutely certain that our partnership will have no language barriers in terms of fluent English language communication.
19. IS IT POSSIBLE FOR YOU TO COMMUNICATE EFFECTIVELY IN ENGLISH LANGUAGE WITH OUR DEPARTMENTS THAT ARE LOCATED OUTSIDE BULGARIA?
The team of “RPN Accounting” can boast with an impeccable co-operation when it comes to the correspondence and communication with departments of its clients situated outside Bulgaria. Our English language abilities allow us to act in an efficient and timely fashion, thereby accomplishing the accurate and prompt contact with the relevant foreign office of the company.
20. HOW CAN WE FIND ANY FEEDBACK FROM YOUR CLIENTS SO THAT WE COULD GET ACQUAINTED WITH THEIR OPINION ON YOUR WORK?
“RPN Accounting” counts on the clients’ opinion and feedback and considers it the most reliable proof of our work quality. That is why we have provided evidence of our previous and current expertise in the form of feedback and recommendations on our web site that is available to the public.