A Bulgarian limited liability company can be incorporated within one week, with a minimum of one shareholder and one director, who can be of any nationality and place of residence. Conveniently, the minimum paid up share capital is only €1 and there is an option for a Client not to travel to complete Bulgaria business setup.
Registering a business in Bulgaria enables Clients to minimize tax because:
1. Bulgaria’s corporate tax rate is a flat 10% on global profits, the second lowest in the EU. See the global corporate tax page for more details on corporate tax rates in Europe.
2. Withholding tax on interest payments is low at i) 5% within the European Economic Area and ii) 10% to all other countries unless reduced …