0 TAX IS GONE!!!

PAYING TAXES AT A REASONABLE RATE IS OUR NEW GOAL
MID-SHORE OPTION MIGHT NOT BE THE DREAM OPTION, BUT IT IS THE BEST WE HAVE TODAY

 

WHY BULGARIA

  • Perfect Location
  • Political Stability
  • Stable country
  • Less Financial Risk
  • Tax Benefits
  • Lowest Corporate Tax in the EU
  • Lowest personal income tax in the EU
  • Lowest social security contributions in the EU
  • Low Business Costs
  • Fewer rules compared to Western Europe, so good business climate
  • Government policy focused on building favorable business climate for foreign investors.

 

BULGARIAN TAX SYSTEM

TAXATION – LEGAL FRAME

 

  • Bulgaria applies a worldwide income tax system and residents are taxable on their worldwide income at a rate of 10%
  • Bulgarian companies are subject to a flat tax rate of 10% and the taxable profit is the annual financial result adjusted for tax purposes.
  • Tax rates could be increased only if voted by 2/3 of the parliament members
  • Since 2007

Sick and tired of paying taxes?

Become a Bulgarian tax payer!

BULGARIA TRADING COMPANY

  • The Bulgarian trading company purchases and sells goods or services
  • The goods or services are directly delivered by the supplier to the final client
  • As a result the profit is transferred into the Bulgarian company, where profit is taxed at 10%

 

BULGARIA CONSULTANCY COMPANY

  • The services are directly provided to the client/employer, but the Bulgarian company issues the invoices and collects the income
  • The individual owner can receive a salary from his Bulgarian company, which is taxed at 10% in Bulgaria
  • The individual owner can make personal spending from the Bulgarian company, which will be taxed at 14.5% in Bulgaria
  • The individual owner can transfer funds to third countries (non EU), which will be taxed at 14.5% in Bulgaria

BULGARIA HOLDING COMPANY

  •  The services are directly provided to the client/employer, but the Bulgarian company issues the invoices and collects the income
  • The individual owner can receive a salary from his Bulgarian company, which is taxed at 10% in Bulgaria
  • The individual owner can make personal spending from the Bulgarian company, which will be taxed at 14.5% in Bulgaria
  • The individual owner can transfer funds to third countries (non EU), which will be taxed at 14.5% in Bulgaria

10% PERSONAL INCOME TAX

FISCAL RESIDENCY – THERE IS

NOTHING TO DO WITH CITIZENSHIP

 

BULGARIAN ID CARD AND TAX RESIDENCY

  • Social insurance number and ID Card
  • Staying in Bulgaria – substance
  • Center of vital interest – substance
  • Personal income tax return

INVESTMENT AND BUSINESS OPPORTUNITIES IN BULGARIA

LOW BUSINESS COST

  • price of office premises class A 1,000-1,500 €/sq.m
  • price of regulated plots 15 €/sq.m
  • price of agriculture land 400 €/decare (1000 sq.m)
  • Low cost of utilities. Bulgarian cost of electricity for industrial users is 70% of the European average

LOW LABOR COST

 

  • Average salary is lower when compared to other EU countries
  • Average salary in Bulgaria € 600/month ü
  • Employees:
    • highly educated
    • experienced
    • well trained
    • fluent foreign languages speakers

Insights

We are always here to help you!




    We are always here to help you!