Why Bulgaria

The recent onslaught against tax heavens has substantially limited the opportunities for managing overall corporate and personal tax burdens through the use of offshore structures. As a result of the relentless efforts of the tax authorities and the governments of some key global economies the costs of maintaining such structures outweighs their savings potential.

We offer you to consider maintaining presence in a low tax territory as the only viable and secure solution instead.

Bulgaria is one such location and below we list the key benefits of choosing this country for your business base:

- Corporate Tax is just 10%.

- Dividend payout and other income distribution withholding tax is 5%.

- It is a member country of the European Union.

- Bulgaria has double taxation avoidance agreements with the majority of the on-shore territories globally.

- The country is market economy and governed by the rule of law.

- Bulgaria operates a currency board system. The Bulgarian Lev is fixed to the Euro.

- It is strategically located on the routes of major trade flows and possesses the critical infrastructure required.

- There is abundance of industrial zones and centers including disused brown fields with legacy infrastructure in place.

- The work force is highly educated, accepting change and competitively remunerated.

- A very beneficial feature is the proximity to the European market’s core economies.

- There are scores of flights to and from the capital Sofia to the main European Capitals.

Bulgaria can further offer you a way to reduce your costs through relocating key personnel as the personal taxes are fixed at the flat level of 10% for all income brackets.

BulgariCo is a service established in 2004 to serve the growing foreign direct investments in the country and has so far amassed a vast experience in tax structuring and corporate formations including non-profit organisations and foundations.

We possess the resources to help you in all the aspects of incorporations, outsourcing, relocation including trust and fiduciary services.

In addition to those general advantages of incorporation, specifically for Bulgaria, this legal form is much more suitable for acquisition, maintenance and disposal of real estate and assets of significant value.

The present legal framework in Bulgaria imposes regulations on real estate acquisition by foreign citizens. Foreigners can only buy buildings , but they cannot acquire rights over the land itself. Land can only be acquired by a Bulgarian legal entity, such as companies or Bulgarian nationals. Thus, the opportunity for foreign citizens to acquire rights over land spots is to register a company in Bulgaria and perform transactions through it.

The procedures of acquisition and disposal of a company that is holding assets are simpler than those for the assets themselves. Furthermore, the taxes paid for the transfer of ownership are considerably lower for companies. Besides monetary benefits, companies are more easily transferred and inherited. In the long-run, future operations with company assets are preferable to those with personal ownership.