Bulgaria

Bulgaria as an alternative to Cyprus

Bulgaria is a European low-tax jurisdiction which is not a tax haven. A Bulgarian company is an alternative to classic offshore company or International Business Company (IBC) due to the lowest income tax rate in the EU of 10%. Such companies are often used as trading partners of offshore companies.

Benefits of company registration in Bulgaria:

• Agreement for the avoidance of double taxation
• Minimum one director and shareholder for company registration
• No currency control
• Low tax rate
• Simplified registration procedure
• Political stability

Company Type
Limited liability company (LLC)

Taxation
Income taxes - 10%;
Dividend Tax - 5%;
VAT - 20%
VAT within the EU - 0%

Financial reports
Accounting report is necessary. Annual financial report is submitted.

Nominee shareholders and directors
Allowed.

Confidentiality
By using nominee service.

Related services (optional):

• Operating a virtual office in Bulgaria - price upon request
• Safekeeping of incorporation documents in a separate client cell in our Head Office in Frankfurt am Main, Germany - US $ 50 / year