- 10% corporate flat tax
- 10% individual income flat tax
- 0 – 5% dividend tax.
Unbelievable? This is the reality. In addition, Bulgaria is a member of the European Union. As such it recognizes the European Legislation and you can benefit from that aspect too. The country doesn’t have “the fame” of a tax heaven like Luxemburg, Switzerland, Malta or Cyprus and it has never been considered as a tax heaven; it has never been on the black or grey lists of US, OECD, etc. and its banks have never been included on any black lists.
Surely by now you are asking yourself: ‘then why isn’t Bulgaria popular among the wealthy people for diverting money, for saving from taxes, etc.’ Let us tell you why: Bulgaria is a small ex-communist country and we don’t have any traditions in doing business, nobody has advertised us as a tax heaven.
In the last 15 years more and more companies and individuals, mainly from Europe, have realized the advantages Bulgaria has to offer and they have branched out or set up subsidiaries here. Based on our experience Bulgaria is the best fiscal residence country for any service and outsource providers, both companies and individuals – like IT companies, startups, travel agents, Internet traders, etc.
Many service providers and outsourcing companies establish their companies here providing services worldwide. Using this business model foreign companies generate revenues internationally but pay 10% corporate tax in Bulgaria. Many other foreign investors have made significant investments in Bulgaria taking advantage of the low labor cost, low cost of setting up a new business and low overhead expenses.
Think about it! It’s worth the risk. If you have any additional questions we are here to help you. Simply contact us.