Tax heaven, Bulgaria????

[FlyDu]

Hi,

I'm running a small business in Belgium and wish to find out more about so called "Tax heaven" in Bulgaria. A friend of mine introduce me the idea of relocating my business by establishing a company in Bulgaria and then benefit from the bulgarian tax legal framework (10% corporate tax etc.).

Is it true that if I pay my business taxes in Bg, as a local entity, I could "slip off" the Belgian authorities? I mean under the Double Taxation Avoidance Agreement , no illegal association. In addition to this as a proprietor of a local company I'm allowed to buy real estate. Am I wrong???

Let me know your opinion on the issue.

Best

 

[Hubba Bubba]

Hi there,

I did register my company in Bulgaria 2 years ago and i am pretty happy with the result - saving quite a percent from my taxes, because as you know in the corporate tax in Bulgaria is 10%. ( i am originally from Belgium)

My expenses in Bulgaria now are some small spendings on a monthly basis for accounting services. I do this with the company with which i registered my firm. They are pretty cool, i suggest you call them and discuss your situation
they are called Bulgarico ( bulgarico. com)

Of course before you do any of these, consult your lawyer. Maybe there is something specific in your business that requires special service, I don't know

Hope this helps

:elefant: