Bulgaria is an EU country with an attractive tax system. This country is not offshore and is distinguished by minimal corporate tax in the EU and the absence of double taxation with many states.
Before starting a business in Bulgaria, a businessman should know the basic information about this procedure and the requirements for opening a firm:
Having decided to open a company in Bulgaria, remember that the state sets one obligatory requirement. Companies must hold at least one meeting of the founders per year.
If you are interested in Bulgaria company registration, the price of this procedure will depend on many factors, so the cost is determined individually.
Among other things, scanned copies of documents are required to register a company in Bulgaria, including notarized ones, which also affects the pricing.
The following documents are needed:
If the shareholder is a legal entity, additional documents are required:
Besides the preparation of the documents and their copies, you may need certain services that will help to ensure proper functioning of the Bulgarian company.
In the first year of a company with direct ownership and management, you will need the following services:
The services of a local company agent will also be required.
Subsequently, businessmen may need services for the preparation and submission of financial statements, the cost of which depends directly on the number of accounts and transactions in them.
Additional services may be required for Bulgaria company registration. They are not mandatory but also affect the cost of the registration procedure:
It takes about 3-4 weeks to register a company in Bulgaria. The process will start as soon as all the documents required for this procedure are submitted. Among other things, the speed of courier services, through which the businessman will send copies of documents to Bulgaria, affects the term of opening a company.
If you have decided to register company in Bulgaria from other countries, please contact our specialists. We offer comprehensive and quality company registration services in Bulgaria at affordable prices.
Starting a business in Bulgaria is beneficial for businessmen:
Before starting a business in Bulgaria, businessmen should familiarize themselves with all the subtleties of running a business in this country. The positive sides of Bulgarian enterprises:
Despite the advantages, Bulgaria company registration includes several subtleties:
The taxation system in this country is based on the common rules of the European Union and the loyal attitude of the local tax authorities. If you decide to register company in Bulgaria, remember that there are two rates of VAT in the state:
If you decide to start business in Bulgaria, the tax on dividend payments will be 5%, but the rate can also be reduced to 0%. It is possible if payments are made to a parent company registered in the EU.
If services and consumer goods are purchased for the company and used during the operation of the company, the tax will also be refunded. These can be personal computers, laptops, production machines, utilities, and so on.
One of the best options for people wishing to open a company in Europe is to start a business in Hungary. Has about 70 agreements on the avoidance of double taxation. The popularity of starting a business in Hungary is due to the low corporate tax, the central location in Europe, and the developed economic infrastructure.
Today, the United Arab Emirates offers a wide range of business opportunities for business people. The country provides three organizational-legal forms that have their advantages and disadvantages. At the same time, business registration in UAE can be the best option for entrepreneurs who want to obtain a residence permit in this state. To do this, it is enough to open a company of a certain type and apply for a residency visa.
The Republic of Malta is an up-and-coming jurisdiction notable for legitimate ways to optimize taxation. At the same time, the Maltese islands are located on the trade routes between Europe, Africa, and Asia. As a result, the country has a very developed financial sector as well as a maritime business in the field of logistics.
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