I. REGISTRATION OF BULGARIAN COMPANIES

We offer registration of companies in Bulgaria via internet. Our incorporation package of services gives you the opportunity to register your own company in Bulgaria without being physically present in Bulgaria . The package is complete and covers all the matters of the registration process.

  • Registration of the company at the trade register
  • Opening an accumulative company bank account
  • Arranging a company seal
  • We provide the cash needed for the company’s founding capital
  • We use our office as a business address of the newly founded company. Therefore we save our clients money for office rental.

The full cost of our incorporation package is 430 EUR. That includes all registration fees as well as the remuneration of our solicitors – no hidden fees!

Incorporation in Bulgaria offers many opportunities for cost saving. By registering a Bulgarian company you can take advantage of the favorable tax system. The country boasts one of the lowest corporate tax rates in EU – 10% flat rate. The simplicity of the tax system makes calculations very easy further decreasing your administrative costs. All that combined with lower labor costs mounts up to significant cost savings. Statistics show that our clients decrease their administrative and tax expenses with more than 20% on annual basis.

 

SOME INFORMATION ABOUT THE TAX SYSTEM IN BULGARIA


1. Corporate tax – 10 % of the net profit per year;

2. Dividend tax 5% – only in case of real payment  of dividends;

3. VAT – 20%. The EU internal deliveries and the export are free of VAT;

4. 10% personal income tax.  The Dividends are free of tax after they being shared between the shareholders and after the 5% dividend tax is paid.

 

SOME DETAILS ABOUT THE COMPANY:

The type of the company that we recommend is LLC /OOD, EOOD/. Its specifics are:

1.The shareholders could be one or more.

2.The only shareholder could be also the sole director of the company.

3.There isn’t a requirement to have local Bulgarian shareholder or manager or secretary etc.;

4.No annual fees for keeping the registration of the company.

5.The shareholders are not responsible for the debts of the company.

6. The shared capital starting from 1 euro up.

 

 

 

II. SET-UP AND MANAGEMENT OF BANK ACCOUNTS IN BULGARIA

This product allows you to use the Bulgarian banking system remotely without having to come personally to Bulgaria.

The benefits are:

  • Higher interest rates on deposits in banks;
  • The Interest incomes are tax free;
  • The bank Deposits up to € 100,000 are 100% guaranteed by the government;
  • The low level of the personal income tax and the corporate tax gives you chance to minimize your tax expenses via re-directing of your international incomes into your Bulgarian bank account.

Our bank account package of services includes:

  • Opening of a deposit account or business account;
  • Obtaining an international credit card linked to your bank account;
  • Internet banking with electronic key. The electronic key and the respective electronic device will be sent to the customer. There is no need our client to visit Bulgaria personally.

III. VAT REGISTRATION – EU VAT NUMBER

After you register your company in Bulgaria, you can choose to start working as a company not registered for VAT or to obtain an EU VAT number. The registration gives you the chance to claim back the VAT of the deliveries received during the respective month.

The procedure of VAT registration in Bulgaria usually takes from 1 to 3 weeks.

IV. ACCOUNTING – BOOKKEEPING – PAYROLL

Complete accounting service in Bulgaria, including VAT reports, social/medical payroll service, preparation and registration of labor contracts, invoices, international business contracts, etc.

V. SECRETARY SERVICES – NOMINAL COMPANY’S OFFICE IN BULGARIA

Free correspondence and secretary services, as a part of our accounting package of services

VI. ANNUAL TAX RETURNS AND FINANCIAL REPORTS IN BULGARIA

As a part of the whole accounting package we provide our clients with the service of preparation of the annual tax return and financial report of their companies.

VII. INTERNATIONAL TAX PLANNING – TAX PLANNING IN BULGARIA

The Bulgarian taxation is one of the best in Europe and gives the business a chance to minimize its tax expenses in a pure legal way. This is part of the policy of the Bulgarian government to provide the investors with the best possible conditions.