Olsen and Partners- A Reputed Accounting Company in Bulgaria

If you are looking for an accounting company in Bulgaria, you can rely on Olsen and Partners, which is a reputed accounting and tax firm.

We are determined to help our clients succeed in their businesses and get maximum profits. We believe in offering the most trusted and cost effective services that help you save a huge amount of money. Like a partner, we help our clients perform to their best level and save a huge amount of money. Olsen and Partners have an edge over other companies. 

We, being a reputed company in Bulgaria, help prospective small business owners start their businesses and manage their accounting and taxes. We ensure that businesses can have enough time and resources to focus on their products and clients. We are a client-focused company that stresses on complete customer satisfaction. Besides helping people build companies, we also help in building products, and creating jobs.

Using our extensive experience and resources, we deliver concise, clear, and intelligent tax and financial strategies. We are deeply committed to our clients and offer them the most efficient accounting solutions. From the initial consultations to throughout our business relationship, we offer thoroughly professional services. Offering personalized services is our priority. Whether you need payroll services, accounting, or taxation services, we help you fulfill the complicated requirements. With our personal approach, we offer the most satisfying services and nurture strong business relationships. You will find our services beyond your expectations. By visiting our website, you can check out how we stand differently than any other competitive company in Bulgaria. 

With our expertise and professional staff support, we help prospective business owners set up company in Bulgaria according to the standard laws and regulations. To know what our clients think of us, check out the testimonials on our website. Rely on us for personal finance management and an array of other accounting services. To know more, please visit www.olsenandpartners.com.

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Common Ways to Create and Register a Company in Bulgaria

If you wish to create a company in Bulgaria, you are required to apply at the Bulgarian District Court for registration at the special Commercial Register kept by the Court. It is from the date of entry that you are authorized to conduct whichever economic activity you wish to commence. The best part is that the Bulgarian government gives the allowance to foreign investors to operate through joint ventures, wholly owned subsidiaries as well as branches in Bulgaria. The business owners/merchants have the following options to create a company in Bulgaria:

• Sole proprietorship: An individual who has a permanent residence in Bulgaria and conducts trading regularly can be a sole proprietor.
• Limited partnership: In this, one or two partners have limited liability.
• Unlimited partnership: All partners are equally liable for the debts of the company.
• Stock Corporation: Atleast two persons are needed to create this legal entity. The capital of the company is divided into shares.
• Public company: A company that makes primary offering of shares or has its shares registered for trading may register as a public company.
• Joint venture: It is jointly formed by a Bulgarian and a foreign partner, and is one of the most common forms of investing in Bulgaria.
• Public limited partnership: In this, the limited partners own stock equivalent to their participation in the company.

Besides the above mentioned ways of getting a company registered, there are a few more, although not very common;

• Branch
• Representative Office
• Limited liability company
• Cooperative
• Holding

For foreign investors, direct ownership of land is prohibited; however, they are permitted to own buildings and have limited rights over immovable property.

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A Professional Outsourcing Payroll Company is the Backbone of a Prospering Business, Bulgaria

There is an array of outsourcing payroll companies in Bulgaria that provide flexible corporate payroll processing, payroll administration and payroll accounting services to various businesses. These services are highly efficient and endeavor towards optimizing the payroll processes, minimizing risks involved, improving the productivity and simplifying the overall payroll administration of the business. Regardless of the type and complexity of the organization, they allow it to focus on customers’ related needs and on a smooth functioning, by and large. Some of the basic payroll services include:

• Registration of the business with the local authorities;
• Gathering employees’ detailed info;
• Preparing tax returns;
• Advising on taxation issues;
• Providing assistance in obtaining work/residence permits;
• Advising on the setting up and handling of provident funds of the company;

Such companies successfully manage the tasks of payroll processing and other calculations that can otherwise be very time and effort consuming. They ensure that the company works in compliance and runs trouble-free. They also help the business identify its key requirements, making the processes much more efficient and effective. In the realistic sense, outsourcing payroll will certainly help the organization achieve a more focused approach, a better control and a higher level of confidentiality.

A reputable payroll accounting services works on a corporate policy that is based on quality, integrity, efficiency, and competency, and which is in full compliance with the EU laws and fair business practices. Such companies are able to operate with investors from all parts of the world.

Besides services enlisted above, other services include: Accounting, Book-keeping, External and Internal Audit, HR Solutions, Corporate and personal Taxation, Offshore Incorporation, Management Consulting and Business Solutions, IT and Virtual administrative services.

So go in for a professional outsourcing accounting and consulting services in Bulgaria, and focus completely on all aspects of your business growth…

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Outsourcing the accounting services is a wise thought

Financial Accounting firms form an integral part of setting up a new company. A financial accounting firm serves the purpose of providing a full fledged financial report pertinent to various issues that lays the groundwork for a healthy economic decision making. This financial report involves important information such as a company’s performance in regards to its clients, investors and creditors. It also includes all the data pertaining to tax returns and tax authorities. Fixed assets reconciliation and cash reconciliation is also an important constituent of the services provided by accounting firms. These firms gain a deep and comprehensive understanding of one’s business to deliver tailor made solutions in accounting and corporate services so that the business can remain solvent and can flourish and prosper. They make sure that a company adheres to all the tax rules and regulations so that it stays away from any legal trouble and fines. These days’ outsourcing the accounting services has become a norm for company owners. Especially if it is a large scale company which has its branches spread in various locations, it is only wise to delegate the accounting and bookkeeping operations to a reputed financial accounting firm. Outsourcing the accounting part of the business process is economically beneficial for these companies. There are many trustworthy and reputable accounting firms who are eager and equipped to serve their clients with a full range of business outsourcing. These firms have high end professional business consultants who are proficient in the field of accounting and bookkeeping.

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