- No exchange rate risk, the local currency is pegged to the euro at the level of 1 euro = 1.95583 BGN
- Most favorable tax regime in the European Union
- 10% corporate income tax rate
- income tax for individuals 10 %, flat rate
- 5% tax at source on dividends and liquidation quotas
- 2-year VAT exemption for imports of equipment for investment projects over €5 million, that create at least 50 jobs
- Favorable Depreciation plan for equipment
One of the key factors to make a business successful is to have an appropriate tax strategy tailored to your specific business. Premium Lyseis will help you get acquainted, plan, and optimize your tax expense to reduce the tax burden in line with tax law. We will assist you and advise you on issues related to the implementation of the Business and Income Taxes Department, the Social Security Law, the Value Added Tax Law and the Double Tax Avoidance Agreement.
We will take an active part in developing a strategic plan to achieve an optimal financial result.
After the Strategic Plan Execution, we will share the pleasure of analyzing your favorable financial situation.
The heart of Bulgaria
Sofia is the perfect strategic location within an hour from Eleftherios Venizelos Airport in Athens and three hours drive from Thessaloniki. Besides the favorable tax climate in Bulgaria, the physical presence of the Company’s manager is not necessary due to the fact that the law permits the headquarters and the address of management to be in an accounting or attorney’s office, which greatly reduces the cost of managing the business. Last but not least, we point to the fact that all companies registered in the VIES system can trade with other EU Member States at a tax rate of 0% for Intra-Community transactions. Taking note of the advantages, we will also note the signing of the “Double Taxation Avoidance Agreement” between Bulgaria and Greece.
