Benefits
- 10% corporate tax
- 5% tax on dividends paid to Bulgaria resident individuals
- 5% withholding tax on dividends paid to non-residents (may be reduced by treaty)
- Traditional bank account with personal visit
- Duty-free access to EU internal market & tax directives (e.g. EU Parent Subsidiary Directive)
- Eligible for Stripe payouts in EUR within 7 business days, and PayPal Business account
Compliance Obligations
- Must file annual financial statements and an annual report with BCCI
Formation Requirements
- Limited liability for all shareholders
- Minimum of 1 company manager (director), who must be a natural person
- O.O.D. requires minimum 2 shareholders, E.O.O.D can be formed with 1 shareholder
- Minimum share capital of 2 BGN / €1
- Must provide registered office address in Bulgaria