Bulgaria

BULGARIA

Yes, Bulgarians shake their heads to mean yes and nod for no. But despite that fact, Bulgaria is considered to be one the best European countries for incorporation!

country in southeastern Europe on the Balkan Peninsula with it’s capital city Sofia
member of the European Union and NATO
110,994 square kilometers and a total population up to 7.3 millions

legal system that has gradually harmonized with European Union law, which it makes it easy and non-problematic for European based companies to incorporate in Bulgaria, especially if are used to EU laws and not ready for cultural shock
Good point,that Bulgaria has signed a large number of agreements on avoidance of double taxation, including the Czech Republic
There are many investment opportunities for foreign investors, who can expand their activities on the Bulgarian market or EU market
Only one shareholder and one director are required for establishment in Bulgaria (they don’t have to be local, but company has to have a local address, learn more about virtual addresses ) So it will be your option, to use or not to use nominee services. Although for stronger anonymity we recommend you nominee services!
Of course, you would be interested in taxation.We say, in Bulgaria you will save money. In terms of taxation, it offers a 10% tax, which is one of the best European tax systems! (same as Cyprus)
5% withholding tax
20% VAT ( decreased 9% for tourism and accommodation)
Although company must keep accounts and submit financial statements, audit is optional,small, but still a bonus
low rate of inflation and unemployment, so it means a good conditions for business, very low criminality, happy employees. Definitely a good option for incorporation!