Low taxation, but compliance is essential Bulgaria is known for its low corporate tax rates, offering businesses a competitive 10% flat tax. This favorable tax environment has made Bulgaria a popular choice for foreign investors looking to open a company and run their operations efficiently within the EU. Unrealistic expectationsContinue Reading
Company valuation in Bulgaria What is the value of your Bulgarian company? The valuation of the company is extremely important if you are selling your shares or if you want to distribute dividends to yourself. Today we will look at a real case of a foreigner who “sold” his companyContinue Reading
The latest amendments in the Bulgarian Commercial Law and the introduction of the long awaited Variable Capital companies Variable Capital Companies (in Bulgarian “DPK” or “ДПК”) are a specific types of companies, which are regulated in the new Article 260a – 260e of the Bulgarian Commercial Law. When the companyContinue Reading
Or why you should be careful, really careful of who you assign to be your liquidator In Bulgaria, when the owner of a company decides to dissolve it, a special liquidation procedure must be initiated. This is the same in most EU jurisdiction by the way. At the start ofContinue Reading
Or why you should NOT trust an “international lawyer/consultant” in Bulgaria DISCLAIMER: The story, all names, characters, and incidents portrayed in this article are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred. This is a story that once againContinue Reading
Is it possible for a foreigner to open bank account in Bulgaria in 2023? During the past few years ,we have been reporting many problems with opening of bank accounts for foreigners in Bulgaria. In many cases, foreign bank accounts in Bulgaria have been even frozen, to the horror ofContinue Reading
Doing business in Bulgaria Israelis are good in doing business. And Bulgaria is the best EU country for Israelis to do business in. But in Bulgaria, one needs solid legal support and local knowledge to make things happen. And to make them happen fast. טובים השנים מן האחד We provideContinue Reading
Straightforward accountancy requirements and low taxation Registering Bulgarian company has been the best business solution for many non EU citizens throughout the years. Businessmen from China, India, Pakistan, South Africa, etc. are storming our offices every year with request to register Bulgarian company. It is mainly the ease of operationsContinue Reading
It is (still) possible to legally protect your assets We have been advocating since many years the advantages of setting up a foundation in Bulgaria and how it can be utilized for asset protection purposes. Now, in July 2022, the use of private foundation in Bulgaria is probably the lastContinue Reading
