The obligation of self-insured persons to provide insurance arises from the day of commencement or resumption of employment and continues until its interruption or termination. When starting, interrupting, resuming or terminating any work activity, the self-insured person submits a declaration according to a form approved by the executive director of the NRA to the competent territorial directorate of the NRA, within 7 days...
Company registration - necessary licenses and permits
When you register your business in the Commercial Register, you will receive a BULSTAT number. In principle, you can enter as a subject of activity any type of activity permitted by law. And the company will be registered with this activity. However, this does not automatically mean that you can exercise it. Many activities require additional permits and licenses. The license is usually issued...
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Easy steps to register companies - EOOD and OOD
You have a business idea and it's time to register your company. Usually, the owners turn to an accounting firm or a lawyer for this service, but the procedure is not that complicated. First of all, you should be aware of what type of company you will register: ET, EOOD or OOD. There is, of course...
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Financing a New Business - Part 1
If you are entering the wilds of entrepreneurship for the first time and starting your own business, finances are an essential part of your business plan. If you have the necessary savings, you have solved a large part of the problem. In several articles in a row, we will look at the basic steps that will help you navigate and make the right decision for you. OPTIONS FOR…
12 STEPS FOR THE STARTUP ENTREPRENEUR - part 1
If you are entering the wilds of entrepreneurship for the first time and starting your own business, you will certainly need a business plan or, in other words, a company concept. The business plan describes and develops your idea as a project to be successfully implemented in your chosen field. So you will have a comprehensive view of the activity for...
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Insurance - why, when, how much? - part 2
Self-insured persons The obligation of self-insured persons to provide insurance arises from the day of commencement or resumption of employment and continues until its interruption or termination. When starting, interrupting, resuming or terminating any work activity, the self-insured person submits a declaration according to a form approved by the executive director of the National Revenue Agency to the competent territorial directorate of...
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Insurance - why, when, how much? - part 1
What are insurances? The law deals with the concept of "insurance contributions". These are monthly cash payments that are personal in nature and are determined as a percentage of the insurance income. Insurances are monthly because they are due every month. They are personal, because they must be entered under the personal account of the insured person. The insurances are distributed between the insurer/employer/ and the insured...
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