Establishing in Bulgaria
We are delighted to gain your interest in company formation. Interest in such only follows individual or group success; congrats!
Everything you need to know
Income Tax is as low as 7.5%.
Registration is finalized in three days
Included in our package is Bulgarian resident documentation ( Needed for local establishment)
Dividends Tax is 5%
What is the process?
Select a package
Our package includes everything you need to establish in Bulgaria from 1yrs postal address to banking. The only decision you need to make is whether you want to include 1yrs accountancy.
Decide on a Company or Freelancer Establishment
We will run the numbers to see whether establishing as a Freelancer or Company is most tax efficient. The basic decision tree flow is shown below.
Leave it with us
It is that simple. A member of our team will create a shared folder and a open line of communication to inform you when your company is registered. Note: Unlike HK or Georgia we will require you to visit Bulgaria for 3 business days.
Company Vs Freelancer Establishment
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What are our clients saying about us?
100% of Freedom Formations clients were glad they used us to maximize their economic and geographical freedom
Excellent
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4.8 out 5 based on 10 reviews
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I am a US citizen. I was looking for the best company structure to help me accomplish my dream of living in Europe. FF helped me acquire my Irish passport (my Grandparents are Irish) to gain EU citizenship; from there, the process was straightforward. Very happy with the service.
Brian Williams
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Flawless experience, perfect setup - What a fantastic experience working with the team of Freedom Formations. All the steps required to set up your company and benefit from the incredible tax benefits were laid out and prepared to the T. All steps needed were explained carefully and thanks to the guidance of Yordan and Maria the only care I had was being on time and placing my signature on the various paperwork.
If you have a (online) business, this is a no-brainer to do.
Jan
I was unsure of where to register my company and I was over paying taxes. I am glad I came across Freedom Formations and they gave me the information I was looking for and they got me set up right away.
Asher Kennedy
A Game Changer for Businesses
I recently teamed up with Freedom Formations and was genuinely impressed. They offer a smart way for EU business owners to cut their tax rates to just 10%, all while giving you the freedom to choose where you live. It's a big promise, but they actually deliver, focusing on both financial savvy and lifestyle freedom.
If you're looking to optimize your taxes without being tied down to one location, Freedom Formations could be worth a look. They blend professional tax expertise with a genuine understanding of the entrepreneur's need for flexibility and simplicity.
Harry Battersby
Client Case Study
Reduced income tax from 50% to 10%
Happy with the on and offboarding
Geographically Sovereign
Business Formed in 4 Days
Dedicated Account Manager
Packages
Pay 50% now an 50% upon completion.
Once deposit is paid a member of team will reach out immediately.
Complete Establishment Package
Bulgaria
€3,950
Company Establishment
Resident Card
Dedicated chaperon for Government Admin meetings
Dedicated Account Manager
Online Signature creation (Saves non-essential travel to Bulgaria)
First Year's Apartment Fee (Needed for Global Travel)
Corporate Bank Account
Insurance
Complete Establishment Package
BGN & Accountancy
€200 p/m
Everything from the company formation package plus annual accountancy
Frequently Asked Questions
What businesses CANNOT establish and operate under Bulgairan's tax system?
The short answer is none. Offline brick-and-mortar business structures are more complicated but possible. Online E-commerce, Agencies, Stock/Crypto traders, etc., are more straightforward. The free conversation with our legal team will give you a clearer picture of the possible business structure.
Can I keep my citizenship while being a Bulgarian resident?
Yes. This is not an issue.
What is the typical timeline to establish a company in Bulgaria?
It takes up to four days to establish the company in Bulgaria. If a visa is required, that can take an additional three days.
Do I need a visa to setup a company in Bulgaria?
While only sometimes mandatory, a visa can provide legal residency and enhance your business prospects. We can guide you on the appropriate visa options based on your goals. EU citizens can work in all EU countries, including Bulgaria.
Can I operate multiple business activities under the one licence?
Yes, you can sometimes engage in multiple business activities under a single license in Bulgaria. This flexibility allows you to diversify your business offerings without needing separate permits.
How can your business services expedite the process for me?
Our business setup service streamlines the entire process through extensive knowledge, experience, and personal relationships with administration parties. We handle paperwork, liaise with authorities, and expedite approvals, ensuring a swift setup without compromising accuracy or compliance. We offer a complete hand-holding premium service.
Do I need to permanently live in Bulgaria?
The answer is NO! Another great benefit you have as an entrepreneur migrating to a Bulgarian tax residency is the non-requirement to spend most of your time in Bulgaria to be considered a resident.
Can I have a property in my current country of tax residence and still become a Bulgarian tax resident?
A property in your current country of tax residence may affect the process. We need to know the details to judge if this is an issue and to offer potential solutions. Book a free call today to get clarity on your unique situation.
Can I own company shares in my current country of tax residence and still become a Bulgarian tax resident?
We need to know the exact details to advise. Please book a free call today. Regardless, there is always a seamless workaround regarding company shares, which we'll discuss on the call.
Can I keep my personal bank account in my current country of tax residence and still become a Bulgarian tax resident?
Yes, from a Bulgarian perspective, it is not an issue, but having a personal bank account in your current country of tax residence can also be seen as a reason to be taxed there. Keep that in mind when deciding whether to keep your personal bank account rather than use a Bulgarian account (which we will set up) or use Revolut.
What about if I have children (below the age of 18)
Having children in your current country of tax residence may affect the process as this can interrupt proving your vital interest in Bulgaria. We need to understand your unique situation. Please book a free call today.
Is the Bulgarian baking system safe?
Yes, Bulgaria is part of the EU. Bulgaria has a stable banking system because the Bulgarian Lev has a fixed rate to the Euro. PayPal, Braintree, and Stripe are all available in Bulgaria.
Can I avoid paying high social securities in Europe?
Yes, According to the European Union laws and guidelines, one can only use a single country’s social security laws at any time. Therefore, you are required to pay your social security contributions to one country at a time. This is a massive bonus for Bulgaria because Bulgaria has the lowest social contribution fees. For approximately only 70 euros per month, you are completely covered by the nation’s insurance. The public national insurance fee is €200+ compared to Belgium and others.
What will happen if I am aboard and I need urgent medical support? Does Bulgaria cover me in case I am a tax resident there?
If you are insured in Bulgaria (see above), you are entitled to obtain a European health card (the blue one) that proves you are insured in another EU country, allowing you to use urgent medical support free of charge.
What should I do after switching to a Bulgarian tax residency in my country?
Once you obtain your tax number in Bulgaria and residency card, you should inform the authorities of the previous country of tax residency, separating old ties. Usually, there are special government bodies for citizens residing abroad. For instance, the one in Italy is called the Registry of Italians Resident Abroad (A.I.R.E.), which is handled by MAECI. This can also be handled by the local Embassy of the foreign country in Bulgaria.
Should I submit a tax declaration in my current country of residence if I switch to a Bulgarian tax residency?
It depends on the local legislation, but generally, you will only declare and pay your taxes in Bulgaria.
Testimonials
"Setting up my company in Bulgaria was a breeze thanks to this outstanding agency. From start to finish, they handled every detail, making the process smooth and stress-free. Now, with my company established, I have the flexibility to live anywhere globally while enjoying the benefit of only paying 10% tax. Highly recommended!"
Stefano Tutti
Founder & CEO
"This agency is a game-changer! They guided me through the company setup in Bulgaria effortlessly. Now, with the freedom to live anywhere in the world, coupled with the advantage of a 10% tax rate, my global living dream has become a reality. Kudos to the team for their expertise and efficiency!
Adam Fitz
Business Owner
"Choosing this agency for my company setup in Bulgaria was the right decision. Their transparency and efficiency set them apart. The process was clear from the beginning, and now, with my company established, I can live anywhere globally and enjoy the perk of a 10% tax rate. Thank you for making it so straightforward!"
Elaine Wilson
Co-Founder - CMO
"Thanks to this agency, the dream of setting up a company in Bulgaria and enjoying the freedom to live anywhere in the world has become a reality. The process was not only easy but also transparent. Now, with my company in Bulgaria, I can live a global lifestyle while benefiting from a 10% tax rate. Truly a fantastic service!"
Jason Paul
Co-Founder - CEO
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