You mean in general to be safe in any country or do you say that based on experience in Cyprus? I mean do they really check CreditCard payments and ask for receipts in Cyprus?
Source: Bulgaria invites investors with 0% corporate tax
The plan was to live un-notice no register for 1-3yr . .i got EU passport, i have disability pension so its taxed alrdy as my only income. . so i dont need a new tax id etc. . .
You can easily do this in Bulgaria. More people from the EU move there without registering, and live there for many years, at least up until a few years ago.
They just stop you and ask for your IDs?
Yes ask for passport or id and what I was doing here. Several times in traffic, but not because of driving. In the city center. 1x was standing next to my car. Local license plate, normal car. Maybe as a foreigner you attract attention quickly. In any case, they were not suspicious situations.
I don’t know about Romania. I think BG is still ok for this. Some houses there even haven’t an address so you can’t register yourself here. I was offered to register myself in my accountant address because the house that I had rented didn’t had an address. It’s no problem to live in such houses.
If you like city life, don't go to Cyprus. Comparing to any big Bulgarian city it's just boring. To be frank I disliked Cyprus almost from the start. Never wanted to return.
Yes, I owned a business in Bulgaria. It was very easy. I paid a local accountant to handle everything for me, including setting up a bank account and obtaining a residence card, all for a few hundred euros.
Maybe I was just unlucky. I have more of a western European/Scandinavian look.As to ID checks. I have been to Bulgaria a couple of times recently and apart from the airport and a hotel, no one else wanted to see my ID. Even though police cars can be seen frequently, no one bothered me. Maybe he just looks too different from an average Bulgarian
Thanks for sharing. Yes, Cyprus is really small - the whole island has less citizens than Sofia alone. But I'm not sure how long I'd stay actually. Planning is to stay only for 2-3 months per year so for city life I could go elsewhere and stay in "winter" in Cyprus at ~15°. In that case ease of doing business / costs / bureaucracy / reputation / ...could be more relevant. And Cyprus seems to be surprisingly expensive and complicated.
Thanks! I got a few quotes and prices don't seem to have changed much. Its all quite reasonable, especially when compared to Cyprus where lawyers charge 150-300€ for VAT registration alone. Only difference seems to be in banking. I was told it became quite difficult to open a business bank account.
Yes it’s much cheaper in Bulgaria. I needed a kind of import number for a webshop and a lawyer drive to me from Sofia to Varna and fixed it for me for 500 euro or something .
With certain businesses, you can even get zero tax setup in Bulgaria. (ok, still employment taxes and potentially VAT)
1) Honestly I never understood the advantage of Estonia. Its tax free but only until you distribute profits, isn't it? When paid out you pay 20% or am I wrong?
What's the requirements to fall under the 4% tax rate, as far as I remember there are some?
For the 5% tax rate on Madeira, the requirement is a 75,000 investment in Madeira, and employing one Madeira resident (which could be yourself, if you become a Madeira resident).
