Offshore Bulgaria

Open Offshore in Bulgaria

Are you looking for an attractive jurisdiction? Bulgaria — the best option at the best price. This offshore will provide an opportunity to do business in the European Union. The best solution, because the EU — this is a good legal and financial protection.

Conditions for opening an offshore

Bulgarian resident is a company that was established on the territory of Bulgaria. The national currency of the country is — Lev (BGN), at the rate of 1 USD – 1.4 BGN.

The most convenient option for the legal form will be the "Limited Liability Company"; - "drujestvo s ogranichena otgovornost", or abbreviated — OOD.

A participant can be either an individual or a legal entity (the Participant can be one), regardless of residency. The director of the company can be one person, also regardless of his residence.

The minimum share capital is 5,000 Bulgarian leva or about 2,500 euros.

Taxation

Income tax — 10%, but there is also the possibility of obtaining tax benefits. Full tax exemption is possible if:

1. Profit received from operations on the Bulgarian stock market
2. Profits are derived from operations on any other member's stock exchange

European Union

3. Dividends from a company resident in the European Economic Union (Otherwise, the tax on dividends is 5%)

Tax incentives are also available for the following activities:

1. Shipping
2. Investments
3. Construction industry
4. Light and heavy industry
5. Agriculture
6. Innovative technologies

The sale of shares to joint-stock companies and limited liability companies is subject to a 10% tax. The placement of IPO or SPO shares on the stock exchanges of the members of the European Union is tax-free.

• VAT (Value Added Tax)
• Base rate — 20%
• Preferential rate — 7%
• Interest-free rate — 0%, in case of export of goods or services, within the EU.

It is possible to carry forward losses on the tax base for a maximum of 5 years.

Reporting in this offshore is very simple, the organization must submit a tax return by March 31 of the reporting year.

Conclusion

Offshore in Bulgaria — this is a solution for companies that have decided to connect their activities with the European Economic Area. Opportunity to trade in securities and engage in commercial activities in a number of sectors on preferential terms.