Amazon FBA and taxation

Amazon FBA, or Fulfillment by Amazon, is a business model that might seem attractive. Basically, if you decide to sell a certain product through Amazon, the deal is that you send your product to Amazon for storage and distribution, properly packaged. From then on it is your job to promote your business and find new clients, while Amazon does the practical things like handling orders and sending the products. There are, of course, fees for this service, as well as fees for storage.

But you should bear in mind that going into this line of business may bring some purely bureaucratic setback to you.  There are Amazon’s strict rules to consider, there are sales tax and VAT regulations in different EU and non-EU countries, and there is personal responsibility for faulty or dangerous products.

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Bulgarian Visa information guide

If you decide to travel to Bulgaria, kindly read our guide in order to acquire general information what is required.

At first, check whether a visa is required for your country.

Visa Regime for foreigners with ordinary passports for a short stay (until 90 days) – check the list.

Visa Regime for foreigners with diplomatic and service passports – check the list.

Visa types:

Visa A (for airport transit) – The airport transit visa entitles the foreigner to cross or to stay in the international transit zone of the airport in the case of a transit landing or of changing flights for the purpose of continuing travel to another state.

The following documents shall be submitted together with the application on applying for an airport transit visa:

  1. A regular foreign travel document;
  2. A photocopy of the pages the foreign travel document with the personal information and with the visas laid and/or a photocopy of the held permits for stay in the next states along the route;
  3. A recent colorful photograph (passport size);
  4. Flight booking

Before the airport transit visa is issued, the ticket and a copy thereof are presented.

Visa C (for a short stay for the purpose of transit or a planned stay) – A short-stay visa for the purposes of planned stay is issued to a foreigner who enters the country once, twice or multiple times for a total term of stay up to 90 days within each 6 months as of the date of the first entry.

The multiple short-stay visa may be with a validity term of up to twelve months or, as an exception – up to five years.

Conditions for issuance of multiple visa (any of the following):

  • business contacts with Bulgarian natural or legal persons;
  • family members of Bulgarian citizen or citizen of EU;
  • family members of foreigner residing permanently in Bulgaria;
  • driver of international road transport or a member of a crew of railway transport for passengers and goods;

Documents required:

  1. A regular foreign travel document;
  2. A photocopy of the pages of the foreign travel document with the personal information and the visas laid and/or a photocopy of the permits for stay possessed; 
  3. A recent colorful photograph – passport size;
  4. Documents substantiating the visa request as well as copies thereof;
  5. Proof of the possession of the required financial resources for subsistence amounting to a minimum of EUR 50 per day of the stay requested (at least EUR 500) or a document of prepaid tourist services;
  6. Documents certifying the possession of the required financial resources for accommodation or a document for prepaid accommodation in a tourist accommodation facility, or an invitation;
  7. Documents certifying the possession of the required financial resources to leave the country or a ticket;
  8. An insurance policy with a minimum amount of the cover EUR 30 000.

Invitation Declaration – by natural or legal person for private stay/ for business visit.

Substantiation of the purpose of the journey:

  • Private visit
  • Business visit
  • Cultural exchange
  • Sport
  • Medical treatment
  • Tourism

 

Visa D (for a long stay) – up to 6 months and a right to stay of up to 180 days.

Conditions for issuance of multiple visa (any of the following):

  • work
  • commercial activities
  • foreign specialists
  • parents of Bulgarian citizens
  • commercial representatives
  • medical treatment
  • mass-media correspondents/ journalists
  • pensioners/ retired persons
  • family members of Bulgarian residents
  • students
  • Settlement visa
  • Investment Incentive visa
  • dependants and family members of diplomatic, consulate officials or commercial representative
  • Trade visa
  • Non commercial activity visa
  • family members of the Bulgarian citizen

Visa D entitles the holder to multiple entries in the territory of Bulgaria within its validity term.

Visa application form – Download

Documents required:

  1. Visa application form
  2. A regular foreign travel document
  3. Copies of the pages of the foreign travel document with the personal information and the visas laid and/or copies of the permits for stay possessed
  4. Recent passport-size color photograph
  5. Original documents and two copies thereof substantiating the application for a long stay visa under the Foreigners in the Republic of Bulgaria Act and the Regulation on its implementation, and of the financial resources possessed for subsistence and accommodation.

In order to obtain long-stay permission the person must comply with additional conditions. The procedure has its own specifics and a good knowledge of the legal base is necessary. For that reason Global Consult Europe advises you to contact our experts.

 

Permanent residence in Bulgaria

Permission for a permanent residence may receive aliens:

– of Bulgarian descent;

– who have resided legally and continuously on the territory of the country for a period of five years, five years after contracting a marriage with a foreigner permanent resident in Bulgaria;

– minor or underage children of a foreigner permanent resident in Bulgaria, who have not married;

– parents of a Bulgarian citizen, where they provide the said citizen with the child support due under the law and resided legally and constantly for a period of 3 years in the territory of the state;

– who have resided legally and without interruption on the territory of the country for a period of 5 years and for this period they have not been absent for more than 30 months;

– who has invested more than 1 000 000 BGN or increased their investment with this size through the acquisition of:
а) shares in Bulgarian commercial companies, traded on a regulated Bulgarian market;
b) shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity not less than 6 months;
c) ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital;
d) shares or stocks owned by the state or municipalities in a Bulgarian commercial company;
e) Bulgarian intellectual property – objects of copyright and related to it rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
f) rights under concession contracts on the territory of the Republic of Bulgaria;

– who have invested more than 1 000 000 BGN in a licensed credit institution in Bulgaria under a trust agreement for a period of at least five year, and the deposit is not used, with reference to for the same period, for securing of other cash credits from a credit institution in Bulgaria;

– who has invested in the capital of a Bulgarian commercial company, which shares are not traded on a regulated market, an amount not less than 6 000 000 BGN;

– who are not persons of Bulgarian descent born within the territory of the Republic of Bulgaria, have lost the Bulgarian citizenship thereof under emigration agreements or at their own will, and wish to settle lastingly within the territory of Bulgaria;

– who entered, resided, or were born within the territory of the Republic of Bulgaria prior to the 27th day of December 1998, and whose parent has contracted a civil marriage with a Bulgarian citizen;

– members of the family of a Bulgarian citizen if they have resided without interruption on the territory of the Republic of Bulgaria in the last five years;

– who have entered before 27 December 1989, resided and have not left the territory of the Republic of Bulgaria, or have been born on the territory of the Republic of Bulgaria and have not been recognized as citizens of the former Soviet Republics; for this category of persons Visa D does not apply;

– who carry out activities and are certified under the Investment Promotion Act,;

– who are children under 18 years of age, born and abandoned by their parents – foreign citizens – on the territory of the Republic of Bulgaria, and who are placed in institution or another alternative social service of residential type as a protection measure;

– who are children under 18 years of age, abandoned by their parents – foreign citizens – on the territory of the Republic of Bulgaria, and who are placed in institution or another alternative social service of residential type as a protection measure.

– have made an investment in the country by contribution to the capital of a Bulgarian trade company of not less than BGN 500 000, where the foreign citizen is an associate or shareholder with registered shares and owns not less than 50 percent of the company’s capital, and as a result of the investment new long-term tangible and intangible assets have been acquired to the amount of not less than BGN 500 000 and at least 10 job positions for Bulgarian citizens have been opened and maintained during the residence period;

– who were granted permission for long stay under art. 24, (1), item 19 and 20 and who maintained the investment over five years.

Extended residence in Bulgaria

An extended residence permit may be granted to foreigners who possess a visa D (information below) and:

– wish to work under a contract of employment after obtaining a permit from the authorities of the Ministry of Labour and Social Policy;

– engage in commercial activities in Bulgaria according to the statutory procedure and at least ten jobs for Bulgarian citizens, maintained for the term of residence, have been created as a result of the said activities, unless otherwise agreed in an international treaty which has been ratified, promulgated and entered into force for the Republic of Bulgaria;

– are foreign specialists residing in Bulgaria by virtue of international treaties whereto the Republic of Bulgaria is a party;

– have grounds to be permitted permanent residence;

– are representatives of non-resident commercial corporations registered at the Bulgarian Chamber of Commerce and Industry;

– are financially self-supporting parents of foreigner permanent residents in Bulgaria or of a Bulgarian citizen;

– have been admitted for long-term treatment to a medical-treatment facility and possess means to pay for such treatment and to subsist;

– are foreign mass-media correspondents who are accredited to the Republic of Bulgaria;

– possess a pension entitlement under the legislation of Bulgaria, the state of origin or another state and means to subsist in Bulgaria;

– are members of the family of a foreigner who has been granted an extended or permanent residence permit;

– are the parents of a foreigner or are de facto cohabitees of a foreigner who has been granted an extended residence permit;

– wish to work on a freelance basis after obtaining a permit from the authorities of the Ministry of Labour and Social Policy;

– wish to perform non-profit activities after obtaining a permission from the Ministry of Justice under terms and according to a procedure established by an ordinance of the Minister of Justice in consultation with the Minister of Interior and with the Chairperson of the State Agency for National Security;

– have been granted a special protection status under Article 25 of the Combating Trafficking in Human Beings Act;

– are members of the family of a Bulgarian citizen;

– have invested a sum not less than BGN 600 000 – per each foreign citizen for acquisition of ownership right on immovable property on the territory of the Republic of Bulgaria, or the foreign citizen owns more than 50 percent of the capital of a Bulgarian trade company, has invested the same amount in the company’s capital and as a result of this the company has acquired ownership right on immovable property in the country to that amount; as of the date of filing of application for long-term residence permit the foreign citizen or legal person must have paid in the whole amount, which must have been received to a bank account in a licensed credit institution, and in case the immovable properties have been acquired through loans, the unpaid amount of such loans shall not exceed 25 percent;

– have made investments in economically disadvantaged areas within the meaning of the Investment Promotion Act by contribution to the capital of a Bulgarian trade company of not less than BGN 250 000, where the foreign citizen is an associate or shareholder with registered shares and owns not less than 50 percent of the company’s capital, and as a result of such investment new long-term tangible and intangible assets have been acquired to the amount of not less than BGN 250 000 and at least 5 job positions for Bulgarian citizens have been opened and maintained during the residence period which fact shall be certified by the Ministry of Economy, Energy and Tourism.

To receive an extended residence permit the persons must have accommodation, mandatory health insurance, subsistence means with no need to use the social assistance system, to the amount not less than the minimal monthly salary, the minimal scholarship or pension under the Bulgarian legislation, for the term of stay. At lodging their first residence permit application, the persons over the age of 18 submit a conviction certificate issued by the state whose citizens they are or by the state of their habitual residence.

LONG-STAY VISA (TYPE “D” VISA)
A long-stay visa is issued to a foreigner who wishes to settle for a long term or permanently in the Republic of Bulgaria.
A long-stay visa of up to 6 months and a right to stay of up to 180 days is issued to foreigners who wish to settle for a long term or permanently in the Republic of Bulgaria. A long-stay visa with a validity term of up to one year and a right to stay up to 360 days may be issued to foreigners who perform science research or are students under tuition programmes for up to one year, post-graduate or trainee students, foreigners sent on assignment by a foreign employer for the performance of specific tasks, related to control and coordination of a tourist services contract as well as foreigners sent on assignment by a foreign employer for implementing investments.
The long-stay visa entitles the holder to multiple entries in the territory of the Republic of Bulgaria within its validity term.
Documents to be presented by the applicant:
• Visa application form
• A regular foreign travel document
• Copies of the pages of the foreign travel document with the personal information and the visas laid and/or copies of the permits for stay possessed
• Recent passport-size color photograph
• Original documents and two copies thereof substantiating the application for a longstay visa under the Foreigners in the Republic of Bulgaria Act and the Regulation on its implementation, and of the financial resources possessed for subsistence and accommodation.
In order to obtain long-stay permission the person should have a home, obligatory health insurance, sufficient subsistence means, without resorting to the social assistance system, amounting to at least the minimum monthly wage or the minimum pension according to Bulgarian law for the period of stay. On the initial application for permission for stay the persons who are over the age of 18, with the exception of the stateless persons, shall present a previous convictions certificate issued by the state whose citizens are or by the state of their customary residence.

Acquiring BG citizenship by investment

 I. Under Art. 12 of Bulgarian Citizenship Act

The physical person :

  1. Must be an adult;
  2. Before no less than 5 years has been given permit for permanent or long-term residence in Bulgaria;
  3. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;
  4. Has an income or occupation that enables him to live in Bulgaria;
  5. Is skillful at Bulgarian language;

Permit for long-term residence – requirements (LFRB art. 24, para 1, items 19, 20):

  • Visa D;
  • Investment of no less than 600 000 BGN or  investment in economically disadvantaged regions of no less than 250 000 BGN plus opened at least 5 workplaces for Bulgarian citizens;

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 16, 17):

  • Investment of no less than 500 000 BGN plus opened at least 10 workplaces for Bulgarian citizens;

Or

  • Acquired permit for long-term residence and keeping the investment over 5 years;

II. Under Art. 12a of Bulgarian Citizenship Act

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 6, 7, 8, 13):

  • Investment of over 1 million BGN or  increase of the investment with this amount through the acquisition of:
  1. shares in Bulgarian commercial companies, traded on a regulated Bulgarian market;
  2. shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity not less than 6 months;
  3. ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act of Privatization and Post- privatization Control;
  4. shares or stocks owned by the state or municipalities in a Bulgarian commercial company in compliance with the Act of Privatization and Post- privatization Control;
  5. Bulgarian intellectual property – objects of copyright and related to it rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
  6. rights under concession contracts on the territory of the Republic of Bulgaria;

or

  • Deposit of 1 million BGN in a licensed credit institution in Bulgaria under fiduciary management for a period not less than five years;

or

  • Investment in the capital of Bulgarian company which shares are not traded on a regulated market of no less than 6 million BGN;

or

  • Performing activities and certification under the Investment Promotion Act – implementing and/or maintaining an investment which has received a certificate for class А, class B, or priority investment project;

The physical person :

  1. Must be an adult;
  2. Before no less than 5 years has been given permit for permanent or long-term residence in Bulgaria;
  3. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;
  4. Has an income or occupation that enables him to live in Bulgaria;

 III. Under Art. 14a of Bulgarian Citizenship Act

The physical person :

  1. Must be an adult;
  2. Has not been convicted of a crime by Bulgarian court or is not prosecuted for such a crime, unless rehabilitated;

A) Before no less than 1 year has been given permit for permanent residence in Bulgaria under LFRB art. 25, para 1, items 6 or 7 and has increased the investment under the same conditions to 2 million BGN or  has invested in the capital of Bulgarian company no less than 1 million BGN for implemented priority investment project;

or

B) Before no less than 1 year has been given permit for permanent residence in Bulgaria for performing activities and certification under the Investment Promotion Act – implementing and/or maintaining an investment which has received a certificate for class А, class B, or priority investment project. During this year the investments performed and put into exploitation are maintained above the minimum score for certificate for class А;

Permit for permanent residence – requirements (LFRB art. 25, para 1, items 6, 7):

  • Investment of over 1 million BGN or  increase of the investment with this amount through the acquisition of:
  1. a) shares in Bulgarian commercial companies, traded on a regulated Bulgarian market;
  2. b) shares and treasury bonds and derivative instruments issued by the State or by municipalities, with a residual maturity not less than 6 months;
  3. c) ownership rights over an isolated part of the property of a Bulgarian commercial company with more than 50 percent state or municipal participation in the capital under the Act of Privatization and Post- privatization Control;
  4. d) shares or stocks owned by the state or municipalities in a Bulgarian commercial company in compliance with the Act of Privatization and Post- privatization Control;
  5. e) Bulgarian intellectual property – objects of copyright and related to it rights, patent-protected inventions, utility models, trademarks, service marks and industrial design;
  6. f) rights under concession contracts on the territory of the Republic of Bulgaria;

or

  • Deposit of 1 million BGN in a licensed credit institution in Bulgaria under fiduciary management for a period not less than five years;

If you have any questions regarding the acquiring of Bulgarian citizenship, do not hesitate to contact us.