You can move freely within Schengen, they dont keep track of days. And it's not only the Physical presense that makes you residence.
In Bulgaria,
tax residency is determined based on the following factors, so you can make sure to satisfy any of these to mantain
tax residency:
1. Physical presence: An individual is considered if they spend more than 183 days in the country within a calendar year.
2. Economic ties: An individual is also considered a tax resident of Bulgaria if they have a permanent address in the country, own or rent property, or have family members living in Bulgaria.
3. Center of vital interests: An individual is considered a tax resident of Bulgaria if their center of vital interests is in the country. This can include factors such as where an individual’s business is based, where they hold a
bank account
.
Under point 1, you will be considered a tax resident of Bulgaria only in the year when you have resided in the country for 183 days. On the other hand, you are not required to satisfy the strict residence requirement if you justify that the center of your vital interests is in Bulgaria.
If you start the company on let's say January 1st and begin generating profits immediately, when would it be possible to distribute
dividends? I assume that dividends can only be drawn from audited profits accumulated in preceding years?