Bulgaria boasts the lowest corporate and personal income tax rates among all European Union member states. The corporate tax is fixed at 10% flat rate. The personal income tax is only 10 % regardless of the amount one earns. The health and pension contributions are the lowest within the whole European Union. Bulgaria has Double Taxation Treaties with 68 countries all over the world.
The banking system in Bulgaria is modern and fiscally sound. 100% of all deposits up to EUR 100,000 are guaranteed by the government. Credit interest rates are low, and they are expected to go even lower in the near future. Some of the biggest EU banks are represented in Bulgaria. The perfect organization of E-banking should be considered.
Bulgaria ranks 38th in the World Bank’s Ease-of-Doing-Business index climbing 14th places for one year from 52nd in 2014; higher than all other Eastern European countries members of the European Union. Bulgaria also places 28th on the Economic Freedom of the World index; outperforming the Netherlands and South Korea. Company incorporation in Bulgaria takes only 3 days.
THE SERVICE INCLUDES
HOW TO PROCEED
PRICE – 1,500 EUR (VAT 0%)
ADDITIONAL SERVICES AVAILABLE UPON REQUEST
Proof of accommodation – deed or lease agreement; The company will prepare an agreement for the landlord, can introduce few real-estate companies and will also get a notary to attest the agreement. The rental agreement can also be prepared and provided by our local law firm. The client is not required to rent a real-estate.
Proof of suﬃcient funds – bank reference issued by a Bulgarian bank stating that you have suﬃcient funds to support your stay in Bulgaria without relying on the Bulgarian social system; It is required to deposit 2000-2500 EUR into client’s Bulgarian bank account as proof that the person will not rely on Bulgarian social system. Once the bank issues a reference letter conﬁrming that the funds are present, it is possible to withdraw that money.
Health insurance – this requirement can be satisﬁed by presenting EHIC card (European Health Insurance card) or by purchasing a health insurance from a local or international insurance company. Insurance has to be valid for at least 12 months and cover personal injuries for the amount of at least 30,000 EUR
Please fill the form below to start the process with us.
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