Tax Monkey is a small tax consultancy company, based in Sofia, Bulgaria. Our services are mainly focused on tax optimization and planning for corporate and private clients. Our team of specialized tax attorneys also represents clients in tax disputes with local tax authorities.
For foreign clients we focus on tax optimization through the outsourcing of business activities. Make sure to check our offers and take a look at our services below.
Company registration in Bulgaria
Bulgarian companies enjoy a corporate tax rate of just 10% and the dividend tax for shareholders is just 5% of the distributed profit after tax. In Bulgaria, unlike in other countries, there is no requirement for the appointment of local directors or representatives and a company can be registered with an operating bank account in less than 2 weeks. The total costs for the registration of your company should not exceed €750.
If you have questions we have the answers. Tax Monkey offers free conference calls with our tax attorneys.
Business in Bulgaria as a freelancer
Freelancers in Bulgaria enjoy an effective fixed personal income tax rate of just 7.5%. In Bulgaria, there is no progressive personal income tax and local tax residents enjoy some additional tax benefits for underage children, house repairs and even early tax filings. The total costs for registering as a freelancer amount to €500 and the procedure takes ~ 2 weeks.
Want to learn more about taxes as a freelancer in Bulgaria. Give us a chance to impress you in a free conference call or check out this article that provides more information on taxes, social security contributions and procedures for EU citizens.
Bulgarian tax residency
Bulgaria offers perhaps the most beneficial tax regime for corporate tax, dividend tax and personal income tax in the EU. However, we are familiar with the problems EU citizens face with double taxation of personal income from abroad in their own countries. Our team can assist with obtaining a long-term and permanent residence permit as well as a local tax resident status.
Do you need more information on the issues of Bulgarian tax residency? We will gladly answer your questions.
Currently, our clients are predmoninantly based in the EU. We are most frequently contacted by tax residents of countries with high income or corporate tax like France, Belgium, Germany and the Netherlands. They are mostly self-employed freelancers or owners of small businesses that are looking to achieve at least some form of legal tax optimization within the EU.
Why choose Tax Monkey?
Or contact us at 00359887345666 or firstname.lastname@example.org