Recent content by faelure

Yeah I'm starting to see that path emerge - but it costs nothing to start a BG company nor anything to keep it inactive (besides an online declaration of inactivity once per year - no fee). I have ties to Sofia so was thinking of maybe opening a business there at some stage anyway - a themed...

Further thought - Bulgaria appears to be more lenient in terms of expenses (i.e.: some less 'reasonable' expenses charged at the 10% CIT rate) - so that would appear to be the only not to just go full CY company route.

Sounds like you're agreeing with what I proposed except with the modification of having a CY Ltd to avoid the SDC 17% (i.e.: expense away -> dividend profits to CY company -> dividend again to CY tax resident individual)?

Yeah - if you're not tax resident you're good. I am unfortunately tax resident though. :(

Hello all - new here - wondering if anyone can confirm a few tax optimisation type questions just in case anyone has navigated a similar situation. 1. I have registered a Bulgarian company with VAT and opened a bank account - currently just sitting there until I find a use for it. 2. I am tax...