Getting a fiscal residence in Bulgaria can be great for your personal estate.
Get in touch to learn how you can streamline your personal finances.
Streamlilne Your Finances with Fiscal Residence In Bulgaria
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Fiscal residence in Bulgaria
10% corporate flat tax
10% individual income flat tax
0 – 5% dividend tax
In addition to the low taxation rates Bulgaria offers:
- Relatively low overhead costs for your company (office rents, utilities, etc.)
- Low labor costs
- Inexpensive service sector – including accounting and legal services
- Fast registration process for new companies (5 days)
- Stable banking system – there is no foreign currency risk since the local currency, the Bulgarian Lev (BGN), has a fixed rate to the Euro
- The common EU system of VAT applies to Bulgaria – the European framework is directly applicable and the directives are fully implemented in the internal legislation
- Bulgaria has signed agreements to avoid double taxation with 68 countries (including the majority of the EU- member states) which prevents withholding tax for most transactions
- The legal system is based on the continental law
- Daily flights from/to most of the European capitals and major cities
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 as well. The country doesn’t have the “fame” of a tax heaven like Luxemburg, Switzerland, Malta, or Cyprus and it has never been considered as such; 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.
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Here is what fiscal residence in Bulgaria can do for your finances