euronomad
MemberFrench expat in Bulgaria
Forum
18 posts
About me
French
Registration: 14 April 2022
Activity
Banking 2023 by brandon76
Hello all, wondering if anyone can help..I need to open a bank account in BG in order to get a residency permit. However, it seems after multiple attempts this is easier said than completed! I keep getting asked for residence permit/ID, but I ...
You might try epay.bg microaccount level III with IBAN. From their description it seems they don't require a residence permit but there are transaction limits. Read More
Banking 2023 by brandon76
Hello all, wondering if anyone can help..I need to open a bank account in BG in order to get a residency permit. However, it seems after multiple attempts this is easier said than completed! I keep getting asked for residence permit/ID, but I ...
I don't think this has to do with the passport but with EC, OECD and FATF anti money laundering directives to make it impossible for clients to hide money from their governments. The banks need to report their clients balances to their countries of ... Read More
EooD allowed investments by huiswerk2
Hello all,I have a Eood in Bulgaria and i was wondering if it is allowed (and tax wise interesting) to invest with company money in hard assets like gold etc. and have this stated as assets on the company balance sheets? Best regards, John
@bestlikefromme This is just a way of storing wealth in gold while having a way to liquidate it quickly in order to buy goods/services. Of course, you can store it as well in a vault and sell it when you need cash ;-) Read More
Cost of living in Bulgaria in 2022 by Cheryl
Hi everyone, Two years after the start of the pandemic, it is time to take stock of the evolution of the cost of living in Bulgaria or more specifically, in the region where you live. The idea is to help people get ready for their expatriation to ...
@Petra L UK Yes, I'm living in Bansko most of the year. Not sure how it would be with kids though, but if they grow up there and learn Bulgarian they can go to the local school. There's no international school in the region. Some nomads with kids ... Read More
Cost of living in Bulgaria in 2022 by Cheryl
Hi everyone, Two years after the start of the pandemic, it is time to take stock of the evolution of the cost of living in Bulgaria or more specifically, in the region where you live. The idea is to help people get ready for their expatriation to ...
@Petra L UK Bansko has the advantage of having a large English-speaking nomad/expat community. I heard that it is the town with the highest density of expats in Bulgaria. But it is remote and doesn't have the same vibe as a large city. Nevertheless, ... Read More
EooD allowed investments by huiswerk2
Hello all,I have a Eood in Bulgaria and i was wondering if it is allowed (and tax wise interesting) to invest with company money in hard assets like gold etc. and have this stated as assets on the company balance sheets? Best regards, John
I would not recommend buying CFDs from brokers with questionable regulatory oversight such as etoro (which is operating under a Cyprus license for EU clients). If they go bankrupt you will lose everything because buying CFDs means that you have ... Read More
Month to month phone contract by GuestPoster347
Hi guys, I am looking to get a monthly contract for my sim, something in line with a "pay as you go".Any recomendations?
@SimCityAT For me its says "The service is not available to prepaid customers" when I want to top up online and provide my credit card details, both on the A1 website and in the app. Read More
Electricity bills by Lisa PD
Hello all,I wonder if anyone could give me some advice regarding electricity billing. I recently (March 2022) bought a flat in the Pirin Golf Complex and idiotically didn't enquire as to the cost of electricity here, as assumed it would be similar ...
Hi Lisa, unfortunately most foreign buyers are not aware of individual vs, commercial electricity accounts when buying a property in Bulgaria and easy fall prey. I almost fell prey myself reserving an apartment without individual electricity account ... Read More
Capital gain tax on stock market in by appsperiphone
Hello! Moving somewhere in Europe with a law or zero capital gain tax. How is the situation in Bulgaria? Is it easy to relocate? Thank you.
@Bamboozler HKSE is considered equivalent under Mifid II (as well as the major US and Australian markets) AFAIK but only for corporate income. That means you would have to do your trading either via a company or as a registered sole trader (with ... Read More
Capital gain tax on stock market in by appsperiphone
Hello! Moving somewhere in Europe with a law or zero capital gain tax. How is the situation in Bulgaria? Is it easy to relocate? Thank you.
@Bamboozler Yes, the capital gains from transactions with shares listed on regulated EU/EEA markets are exempt from capital gains for individuals. In addition, capital gains from transactions with shares listed on markets considered as equivalent ... Read More
Beware Scams in Bulgaria by GuestPoster11478
Real Estate Mafia!  Is it real? Is this true?  YES and Yes! It is organized and targets the elderly, those who are sick or in divorce or other legal issues.  Does the Law allow it?  Yes and ...
@GB_2_BGÂ Because the legal system in Bulgaria is systematically corrupt and cannot be trusted to protect you from fraudulent schemes. Someone might claim that you owe him money and use the legal system successfully to go after your assets. The risk ... Read More
Beware Scams in Bulgaria by GuestPoster11478
Real Estate Mafia!  Is it real? Is this true?  YES and Yes! It is organized and targets the elderly, those who are sick or in divorce or other legal issues.  Does the Law allow it?  Yes and ...
While I agree with the notion that we should not overgeneralize and not overly stigmatize Bulgaria I think we should at the same time warn people about all the potential scams that are running here. Bulgaria is still an underdeveloped country whose ... Read More
Buying an apartment by Julia Socol
Hi all,My husband and I are trying to buy an apartment on the Black Sea coast (I also have in EU passport, beside Canadian) and was told that putting all the paperwork together to close the deal takes 45 days. Would it also take 45 days ...
For me, it took around 1 month. Much depends on whether buyer or seller are present at the notary or whether they are represented by a lawyer with PoA. The latter might delay the procedure because you need to sign the PoA at a notary or embassy. ... Read More
Impossible to open a bank account? by Chrisjo1
Came to Sofia a couple months ago and got a residence permit and am employed here. Went to UBB and Fibank. Filled the form for the pre application and KYC. Weeks have passed since and when I ask there still "additional checks" pending. Anyone else ...
I opened a private account last week with Unicredit Bulbank without problems so far. I have a residence permit but I heard that without it is practically impossible. There's also iCard (a Bulgarian Neobank with Bulgarian IBAN) and I heard that ... Read More
Working for a uk company in Bulgaria by Marie Lidbury
I was hoping to work for a uk company and work from home in Bulgaria. Ive been told this is not possible due to tax laws. I will still have my uk bank account so thought i wouldnt be effected by such problems. Any information and advice would be ...
@Marie Lidbury Have a look at the following articles: https://www.litrg.org.uk/tax-guides/employment/working-remotely-your-uk-employer-while-overseas https://ruskov-law.eu/bulgaria/article/registration-foreign-employer.html It's a complex topic, ... Read More