December 6, 2017

COMPANY FORMATION IN BULGARIA

WHY BULGARIA?

Numerous clients are starting to choose Bulgaria as the jurisdiction in which to set up companies thanks to the low rates of corporation tax and personal income tax. The country’s banking system is relatively stable, and the exchange rate of the local currency is pegged to the euro. The opening of bank accounts for companies registered here is simple, and receiving an EU tax number does not particularly pose problems.

ADVANTAGES OF BULGARIA:

  • Low income tax – 10%;
  • Tax on dividends – 0/10%;
  • Interest – 10%
  • Royalties – 10%
  • Capital gains – 10%
  • Possibility to open a current bank account in Bulgaria (company + bank account in the same country) .
  • European VAT numbers;
  • Full EU membership;
  • A wide network of treaties for the avoidance of double taxation;