BULGARIAN RESIDENCY : ALTERNATE ROUTE TO EUROPEAN CITIZENSHIP

Bulgaria is a country that offers opportunities for settled residence and work. In recent years, there has been greater economic potential, lots of investments, including made by foreign companies. The political system and environment is peaceful and calm.

Bulgaria offers Extended Residency in 2 ways:

  1. Registration of a Trade Representative Office of a foreign company in Bulgaria.
  2. Registration of a Bulgarian commercial company employing at least 10 local citizens.

Bulgaria has got the most favorable tax regime in Europe and one of the most competitive costs of labor in Central and Eastern Europe. The Corporate income tax rate is 10% which is one of the lowest in the EU, Personal income tax is only 10 %, VAT rate is 20 % and the 5% withholding tax on dividends and liquidation quotas is 5% (0% for EU tax residents).

Key facts about business environment in Bulgaria:

Bulgaria has the most favorable tax regime in Europe. It has one of the most competitive costs of labor in Central and Eastern Europe. Corporate income tax rate is 10% and is the lowest in the EU. Personal income tax is 10 % as well. VAT rate is 20 %. 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents).

Minimum capital for company registration (for Limited Liability Companies) is 1 EUR.

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