Q: How a company in Nicaragua can send my salary in Bulgaria?

When working remotely for a corporation in Nicaragua , you salary can be send to Bulgaria but it’s not very simple. There are a lot of things to know and think about. This is a guest post by Justin, a blogger, remote worker and digital nomad. I’ve been working remotely for a company in Nicaragua for two years now and I’m loving it. It’s my dream job and I love the atmosphere in the office. I’ve been working remotely for the last few years and I’m not going to lie, it’s been a bit of a challenge. I’ve always wanted to work remotely and after working in an office for a few years I was craving the freedom to work from anywhere in the world. Working remotely has allowed me to travel the world and work from different locations. I’ve been fortunate enough to work for a company in Nicaragua that’s allowed me to work remotely and travel around the world. I’m able to work from anywhere I want and I’m able to be flexible with my schedule. It’s been an amazing experience so far and I’m looking forward to many more years. My current location is in Bulgaria and I’m a full time remote worker. It’s not easy to work remotely for a company in Nicaragua and you have to be very flexible with your schedule and location.

Question 1

Can I work remotely for a company in Nicaragua while being in Bulgaria?

Accepted Answer

It is usually doable, but we recommand to check the following key points first:

Do you have a residence permit in Bulgaria?
Do you have a residence permit in Nicaragua?
Do you have a contract with the company?
Do you have a visa to work in Nicaragua?
Do you have a visa to work in Bulgaria?
Do you have a working visa for Bulgaria?
Do you have a working visa for Nicaragua?
Do you have a residence permit for Nicaragua?
Do you have a residence permit for Bulgaria?
Do you have a residence permit for your country of origin?
Do you have a residence permit for your country of residence?

Question 2

How to live in Bulgaria and find remote work in Nicaragua?

Accepted Answer

Finding remote work in Nicaragua if you are located in Bulgaria might be difficult, therefore we recommend you to move to Nicaragua.

Nicaragua is a small country in Central America, located on the northern coast of the Caribbean Sea. The capital is Managua, which is also the largest city in the country. Nicaragua is a developing country with a GDP of $36.4 billion, a per capita GDP of $4,400 and a life expectancy of 77.7 years.
The country is divided into eight regions: Atlantic, Central, Chontales, Escalante, Granada, Managua, North and South.
The population of Nicaragua is 5,811,918. The official language is Spanish, but also many people speak English.
There are many jobs in Nicaragua. The most popular ones are:
Fishing
Farming
Tourism
Healthcare
Business
Construction
Education
Finance
Government
The country has a tropical climate. The average temperature in Managua is around 21°C, while the average temperature in the countryside is around 17°C. The average annual rainfall is 1,200 mm.
The official currency is the Nicaraguan córdoba.
The exchange rate is NGN 8.8 to the US Dollar.
The population density is 12.2 inhabitants per km².
The official unemployment rate is 9.4%.
The average salary is NGN 14,000.

Question 3

How a company in Nicaragua can send my salary in Bulgaria?

Accepted Answer

When working remotely for a corporation in Nicaragua, you salary can be send to Bulgaria but it’s not very simple. There are a lot of things to know and think about.

This is a guest post by Justin, a blogger, remote worker and digital nomad.
I’ve been working remotely for a company in Nicaragua for two years now and I’m loving it. It’s my dream job and I love the atmosphere in the office.
I’ve been working remotely for the last few years and I’m not going to lie, it’s been a bit of a challenge.
I’ve always wanted to work remotely and after working in an office for a few years I was craving the freedom to work from anywhere in the world.
Working remotely has allowed me to travel the world and work from different locations.
I’ve been fortunate enough to work for a company in Nicaragua that’s allowed me to work remotely and travel around the world.
I’m able to work from anywhere I want and I’m able to be flexible with my schedule.
It’s been an amazing experience so far and I’m looking forward to many more years.
My current location is in Bulgaria and I’m a full time remote worker.
It’s not easy to work remotely for a company in Nicaragua and you have to be very flexible with your schedule and location.

Question 4

Where to pay my taxes when working remotely in Bulgaria for a company in Nicaragua?

Accepted Answer

If you are working remotely in Bulgaria for a corporation established in Nicaragua, taxes could seem complicated but in fact it’s not, the rules are the same.

If you’re a remote worker and you are looking for a tax haven to avoid your Bulgarian company’s tax obligations, then you can consider Nicaragua as a tax haven.
Nicaragua is a country with a very low tax rate, this is why you can find a lot of companies registered there.
You might be wondering how to pay your taxes to the government when you are working remotely in Nicaragua.
In this article, we will cover the tax laws in Nicaragua and how to pay your taxes in Nicaragua.

What is the tax rate in Nicaragua? The tax rate in Nicaragua is 0%.

Why is this?
Nicaragua is a country with a very low tax rate.
This means that if you are a remote worker in Nicaragua, you won’t have to pay any taxes.
However, you need to be careful when you are working in a country with a low tax rate, since you are at risk of not being compliant with the law.

What if I am a freelancer working in Nicaragua and my company is not registered there?
If you are a freelancer working in Nicaragua and your company is not registered there, you will have to pay taxes.