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Company with no business activity: reporting and filing obligations

MountainLife

Hi all — I’m a foreign citizen living in Bulgaria who set up a Bulgarian company so I could buy and own a house. I’m trying to understand, at a big-picture level, what company reporting and filing obligations I (as company owner/director) must meet — one‑time and recurring — and which government bodies I need to deal with.

The company has been dormant, with no business activity.


To properly structure my questions:

(1) reporting/filings that needed to be done at the end of the first year;

(2) reporting/filings that needed to be done at the end of each consequent year;

(3) ways to check whether there might be any outstanding reporting or filing obligations to each of the government agencies that require such reporting or filing;

(4) annual deadlines for reporting/filings.


I’d appreciate any practical advice, links, or pointers.

See also

Traveling to BulgariaLawyers in BulgariaImmigration lawyers in Bulgaria
SimCityAT

Hi all — I’m a foreign citizen living in Bulgaria who set up a Bulgarian company so I could buy and own a house. I’m trying to understand, at a big-picture level, what company reporting and filing obligations I (as company owner/director) must meet — one‑time and recurring — and which government bodies I need to deal with.
The company has been dormant, with no business activity.
To properly structure my questions:
(1) reporting/filings that needed to be done at the end of the first year;
(2) reporting/filings that needed to be done at the end of each consequent year;
(3) ways to check whether there might be any outstanding reporting or filing obligations to each of the government agencies that require such reporting or filing;
(4) annual deadlines for reporting/filings.

I’d appreciate any practical advice, links, or pointers. - @MountainLife

What nationality are you? Are you French, as your profile says?


If you are, you could have skipped forming a company, as EU citizens have the same rights as Bulgarians and don't need to create one.

MountainLife

@SimCityAT

Thank you for the comment. No, I am a non-EU citizen.

MountainLife

According to what I know, the three agencies that a dormant company needs to deal with are:


НАП — National Revenue Agency (NAP) — Bulgarian: Национална агенция за приходите

НСИ — National Statistical Institute (NSI) — Bulgarian: Национален статистически институт

Агенцията по вписванията — Registry Agency — (full Bulgarian name: Агенция по вписванията)


Would that be correct?

gwynj

@MountainLife


It has been simplified for "dormant"/inactive companies. My understanding was that a one-time declaration of this was fine, but perhaps that's partially correct, and an annual submission is required by a different agency.


These links should be helpful:

https://trifonov.info/en/no-activity/

https://aidosbg.com/dormant-company-bulgaria/

SimCityAT

@SimCityAT
Thank you for the comment. No, I am a non-EU citizen. - @MountainLife

But if you are a citizen of Réunion Island. then you are a citizen of France. If that is wrong, could you change your profile then?

janemulberry

I was told by the agent who set up my company for me that there was no need to file any further paperwork as long as the company stayed inactive. Hope she was right!


The articles Gwyn linked to suggest there are further obligations, and I don't doubt that. But I suspect for a company formed solely to buy a property with no other activity ever the risk of getting fined for not reporting would be very low. If the company was formerly active then became inactive or dormant, that would definitely need to be reported.

Jules999

I second what Jane says .