QUESTIONS & ANSWERS

• Are insurances in Bulgaria compulsive?
• What about the license?
• Why to rent, not to buy?
• How to cope with the language barrier?
• What about the non-active season?
• How to register an LTD in Bulgaria?
• What about the taxes?
• What about the horses? 
• Average Bulgarian prices

Are insurances in Bulgaria compulsive?

No, they are not compulsive, neither for horses, nor for riders. But there is a possibility for both insurances.

What about the license?

There is no special license for equine business. You must have a registered LTD, in which registration are written all of the equine activities you are planning to do- for example touristic riding, equine business, eco tourism etc.  

Why to rent, not to buy?

It is a new business and as each new one there is a risk. If you rent our property (we offer free of rent period of 1-2 years) your initial investment will be low. It reduced the risk of loosing money and makes you more flexible in your strategy. When the business grows up and the profit becomes more stable, then there are a lot of possibilities of buying your own property and to expand a business.

How to cope with the language barrier?

Yes, there is a language barrier, but you can do some things. We can help with advertising and contacts with clients and institutions. It might be hired a worker/rider who speaks both languages. You can communicate with all English speaking tourists and expats who have the same barrier here.  It is possible to draw more UK tourists for riding holidays in Bulgaria. Ana finally, a lot of people, especially young people in Bulgaria speak English.

What about the non-active season?

If you are a good horseman you can do a lot of things in non-active season. You could train and “break” horses, work with problematic horses etc. There is also possibility to develop a project in the frame of EU programmes. It is possible to apply for education of the horse owners, introduction of the high UK standards in the equine field and professional exchange.  

How to register an LTD in Bulgaria?

To register an LTD in Bulgaria is simple. It takes about 2 weeks and the fees, including the lower, are about 200 pounds. There is no requirement about the initial (starting) capital of LTD, but usually it is about 500 pounds.

What about the taxes?

All LTDs in Bulgaria pay so called “flat tax”. That means that you have to pay 10 % of your profit as a tax. It is not depends on the amount of the profit.

What about the horses?

It’s better if you have enough own horses. But if you don’t have there are two possibilities: To buy horses here- the prices are reasonable. The second is to rent horses for the season. We check the opportunities and prices for renting riding horses. As soon as we receive information we will publish it here.

Average Bulgarian prices in Pounds and Euro

	GBP	EUR
Bread	0.35 – 0.42	0.41 – 0.50
Sausages	2.00 – 2.50	2.40 – 3.00
Cheese	2.00 – 3.00	2.40 – 3.60
Tomato (depends on the season)	0.30 – 1.20	0.36 – 1.45
A beer in a shop	0.38 - 0.45	0.45 – 0.54
A beer in a pub	1- 1.10	1.20 – 1.30
Cigarettes	1.80 – 2.35	2.20 – 2.80
Petrol	0.90 – 0.94	1.07 – 1.12

With relation to horses:

	Pounds	Euro
1 kg. oats (depends on the season)	0.10 – 0.18	0.12 – 0.22
1 bale of hay(depends on the season)	1.00 – 1.40	1.20 – 1.70