Bulgaria
Capital: Sofia.
Official languages: Bulgarian.
Currency: Bulgarian Lev.
Company registration provides the following benefits:
- Double tax treaties signed by Bulgaria.
- Low tax rate.
- Political stability.
Bulgaria is a country located on the Balkan Peninsula in South-Eastern Europe.
Bulgaria is a low-tax European jurisdiction that is not an offshore zone. Using a Bulgarian company is an alternative to a classic offshore company or an international business company (IBC) due to the lowest income tax rate in the EU – 10%. Often such companies are used as trading partners for offshore companies.
Features of taxation and reporting
- Income tax - 10%;
- Dividend tax - 5%;
- VAT - 20%
- Within the EU VAT is 0%
Company registration
Time frame for company registration: 2 weeks.
Registration of companies takes place in the Trade Register under the Registration Agency. The process takes about 2 weeks and includes several steps: preparing constituent documents, opening a bank account, submitting documents for registration, obtaining an identification number. The minimum authorized capital for an LLC is 2 leva (approximately 1 euro). For joint stock companies - 50,000 levs.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
A quick guide to registering a company in Bulgaria:
To quickly register an LLC, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registration of a company in Bulgaria is not only a legislative process, but also a strategic step towards successful business. Awareness of all aspects and consistent compliance will enable entrepreneurs to enjoy the benefits of the Indian business sector. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
