Open company in Bulgaria and start doing business.
Lowest taxes and running costs and other benefits of companies registered in Bulgaria.
Open company in Bulgaria and then immediately start doing business is a quite common option recently. Many foreign businessmen have already learned over the internet the enormous benefits which a registered Bulgarian company offers to its owners.
To start with, if you set up a company in Bulgaria, you will directly enter the European tax free market. Many foreign companies from Asia, Africa and Americas have already cloned their business in Bulgaria but now even businessmen from other EU countries are starting to flow to Bulgaria in search of better working and tax conditions.
Bulgaria has the lowest corporate tax rate in the whole European Union amounting to only 10 %! And the dividends tax is only 5 %, calculated on the basis of the net profit of enterprises. This makes some foreign analysts classify Bulgaria as a sort of tax haven and refer to Bulgarian companies as offshore ones. Some companies in Bulgaria have even started importing CEOs and other employees since the personal income tax in Bulgaria is amounting to only 10 % (flat rate). So no matter whether someone is running or working for a company in Bulgaria, he still pays only 10 % of the company or his personal income.
Company formation in Bulgaria is a relatively easy process. It should however be conducted in Bulgaria and this is why it is practically impossible for a foreign businessman for set up a new Bulgarian company personally. The good news is that there are many professionals (lawyers, etc.) who offer Bulgarian company registration services at fair and more than reasonable prices. For only a couple of hundred Euros a foreign client can get a fully functional newly registered company, incl. bank accounts, VAT / VIES numbers, etc. For the same price one can even buy a ready-made company in Bulgaria. Shelf companies and becoming even more popular these days.
The running costs of an established company in Bulgaria are very minimal. The absolute minimum is the obligation of each company to file annual tax return, even if no business has been conducted over the past year. This is usually carried out by accountants who charge as little as say 100 Euros. Company address in another common option for a company in Bulgaria at the same price. Some businessmen prefer to pass their lawyer’s or accountant’s address to the Commercial Register so that they are sure that will not miss a postal or other delivery.
The list of all benefits that a company in Bulgaria offers is long enough and many have already personally tested it. If you are considering staring a Bulgarian company, then you should not wait any longer because the business conditions are quite perfect right now!