Company in Bulgaria

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Bulgaria is a modern and developing country, the main income comes from tourism and agricultural products. Setting up a company in this republic is associated with rather demanding conditions for registration and a small number of benefits provided.

Company REGISTRATION IN BULGARIA

The advantage of offshore in Bulgaria is the lowest tax rate in the whole of Europe - only 10% and 5% on dividends. It has the largest number of transportation routes through which goods are delivered to Europe. There is no double taxation. When registering a company does not require the presence of the founder, and if you have all the necessary documents for registration, the registration of the company is quite fast.

It is possible to register a company on the basis of a limited liability company (a director, a shareholder of any residence and a secretary are required) or a joint venture (in the second case it will be necessary to obtain the appropriate license for the activity - banking, insurance, etc.). Legal Solutions in Ukraine will help to open any of the two presented companies in Bulgaria, as well as to find the necessary people for the work and registration of the legal address.

The minimum possible authorized capital from 2 BGN, in the case of registration of banking activities, the authorized capital should be at least 10 million BGN, and in the case of registration of an insurance company from 2 million BGN.

The income tax of 10% is unified for all persons - legal entities and individuals. It does not matter where the income is received from, but in some cases zero taxation is applied. In cases - receiving an inheritance and its realization, winning a lottery or casino, selling company shares or receiving interest from a bank deposit.

The filing of reports is mandatory for all companies and includes financial and accounting statements, a mandatory annual report and an auditor's report. The reports are filed with government agencies with the appropriate profile. Firm documents can be kept anywhere, there is no strict storage location.

In conditions of low taxation for any business, setting up a company in Bulgaria becomes very attractive and provides many different options for the application of trade relations in a major European transportation hub.

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