Recent content by Jav

Hi there, been away from posting in the forum but keep reading. And now is time for some post when my favorite Bulgaria is mentioned. No such rule exist as far as I know but asked my local accountant and he also confirmed it doesn't. No experience with ING bank but more than happy with...

You don't want to pay any tax so you need to be a tax resident in 0% tax jurisdiction. There are plenty. What are the tax rates in Montenegro?

I can only recommend my accountant. It works for me without problems and the rates are locals.

Thats 5% more for living somewhere that is not even remotely comparable to Cyprus or Malta In what sense? That is why it's nice we have different options. I can't stand temperatures above 30C and I need to see green fields and/or mountains and snow so for me both are not options in addition to...

Do you mean that if you have a business account you can't receive wires from other businesses? It would be useless for me than. Are you sure?

Its 10% flat tax. Office is cheap, you can hire an assistant administrator for 500EUR. Accounting is in the limit of 200EUR a month( depends) A good apartment in the capital is 350EUR a month. A pint in a nice bar is 2 EUR. A full lunch is 4EUR. One of the best Greek beaches are 4 hours driving...

10s of thousands no, but 7-8 yes and without problems. Stay there few days and do the job.

To contribute I will again promote BG as a better and cheaper option than Malta and Cyprus. It works for me at least.

SO why hi is banned than

I agree and at the same time few billions from VAT are missing each year in EU.

Don't listen to every word. Tax authorities need to check your business first and than they will know what exactly and how exactly you are selling unless you reclaim VAT.

It will work till tax control and than there will be fine and 10% tax on the invoiced money to BZ company cause for the authorities it will be hidden profit.( as actualy is)

Its not about foreigners or foreign corporations as owners. Tax authorities use software to find risk companies and check them and also there are some "lucky" winners out of all companies which are checked as well. In case you have VAT reclaim the check is for sure so in general if you believe...

It wont work, at least on a long run. When your bg company goes under check by taxman they will ask you to pay the tax on those invoices like it was profit. I work with an office who set up the company for 150EUR and is in Sofia.

I am watching a middle east option at the moment and even consider going there soon but for me (EU citizen) Montenegro is a great solution for now.