“…in this world, nothing is certain except death and taxes”
Benjamin Franklin, 1879

At Tax Monkey we focus on taxes.

book a free online meeting

“…in this world, nothing is certain except death and taxes”
Benjamin Franklin, 1879

At Tax Monkey we focus on taxes.

book a free online meeting

About us

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 €400 and the procedure takes ~ 1 week.

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.

Bulgarian tax residency
BOOK A free meeting with the tax monkey team

Our clients

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.

Brexit has also been a huge deal for British citizens who are actively involved in doing business with European customers. Clients in the UK are often looking to establish subsidiary companies in Bulgaria in order to still make use of the benefits associated with the EU membership.

Why choose Tax Monkey?

  • We care about you. In Tax Monkey we focus on the long-term relationship with our clients and we always start building it from day one.

  • We focus on taxes and specialize in this particular area of law. This makes us good at what we do.

  • Tax Monkey is a small company. By choosing to use our services you are helping us develop our own business in Bulgaria. Your trust means more to us than you might image.

Or contact us at 00359887345666 or info@taxmonkey.bg