Terms & Conditions

These Terms and Conditions govern the use of the www.freedomformations.co website and the services offered by Freedom Formations. By accessing or using the Site, you agree to be bound by these Terms.

1. Use of the Site
By using the Site, you represent and warrant that you have the legal capacity to enter into these Terms and that you will use the Site in compliance with all applicable laws and regulations.

2. Services
Freedom Formations offers services related to company formation, tax planning, and related consultancy. The specific details of the services provided, including costs, will be outlined in individual service agreements or proposals.

3. Payment
Payment terms and conditions will be provided in the service agreement or proposal. Failure to make payments in accordance with the agreed-upon terms may result in the suspension or termination of services.

4. Confidentiality
Freedom Formations acknowledges the confidential nature of information provided by the user. We will take reasonable measures to protect the confidentiality of such information in accordance with our Privacy Policy.

5. Intellectual Property
All content on the Site, including text, graphics, logos, images, and software, is the property of Freedom Formations and is protected by intellectual property laws. Users may not use, reproduce, or distribute any content from the Site without prior written consent.

6. Third-Party Links
The Site may contain links to third-party websites. These links are provided for convenience and do not imply endorsement or approval of the linked sites. Freedom Formations is not responsible for the content or practices of linked sites.7. Limitation of LiabilityFreedom Formations will not be liable for any direct, indirect, incidental, consequential, or punitive damages arising out of the use or inability to use the Site or services, even if advised of the possibility of such damages.

8. Indemnification
You agree to indemnify and hold harmless Freedom Formations and its affiliates, officers, employees, and agents from any claims, liabilities, damages, and expenses arising out of or in connection with your use of the Site or services.

9. Governing Law
These Terms are governed by and construed in accordance with the laws of Bulgaria. Any legal action or proceeding related to these Terms shall be brought exclusively in the appropriate courts, and you consent to the jurisdiction of such courts.

10. Changes to Terms
Freedom Formations reserves the right to modify or replace these Terms at any time. It is your responsibility to review these Terms periodically for changes. Continued use of the Site after any modifications indicates acceptance of the changes.

Contact Information
If you have any questions or concerns about these Terms, please get in touch with us at contact@freedomformations.com

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Our Packages

Take yourself serious, choose a package that promises success for you.

Our Starter Package

Essential

Company Establishment

Resident Card

Dedicated chaperon for Government Admin meetings

Dedicated Account Manager

Transport to all Governement

Appointments

Talk To An Expert

Premium

Everything from Essential

First Year's Appartment Fee (Needed for Global Travel)

Corporate Bank Account

Insurance

24/7 Availability

Top Tier

Everything from Premium

Personal EA

Airport Pick up Service

VIP Status (No Queuing)

Hotel Booking Service

Flight Booking Service

Dedicated Accountant (Year 1)

Talk To An Expert

Testimonials

Frequently Asked Questions

What is the typical timeline to establish a company in Bulgaria?

It takes up to 4 days to have the company established in Bulgaria, suppose a visa is required, you will have to come to Bulgaria and that process takes up 1 week max. This will involve 2 appointments, the remaining time is needed for the government to issue the documents

Do I need a visa to setup a company in Bulgaria?

While not always mandatory, a visa can provide you with legal residency and enhance your business prospects. We can guide you on the appropriate visa options based on your goals.

Can I operate multiple business activities under the one licence?

Yes, in some cases you can engage in multiple business activities under a single license in Bulgaria. This flexibility allows you to diversify your business offerings without the need for separate licenses.

How can your business services expedite the process for me?

Our business setup service streamlines the process through our extensive knowledge and experience. We handle paperwork, liaise with authorities, and expedite approvals, ensuring a swift setup without compromising accuracy or compliance.

Can I have a property in my current country of tax residence and still become a Bulgarian tax resident?

Having a property in your current country of tax residence may affect the process. We advise transferring your real estate to parents/children or other relatives or friends.

Can I own company shares in my current country of tax residence and still become a Bulgarian tax resident?

Owning company shares in your current country of tax residence may affect the process. We advise transferring the shares to parents/children or other relatives or friends.

Can I keep my personal bank account in my current country of tax residence and still become a Bulgarian tax resident?

From Bulgarian perspective that it is not an issue but having a personal bank account in your current country of tax residence can be seen as a reason to be taxed there as well. So, keep that in mind when deciding whether to keep your personal bank account there rather than having a Bulgarian one or using Revolut/TransferWise instead.

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 as a resident.Once your company and/or personal residency are set up, you will only need to visit the country once a year (for 1-2 days) for renewals.

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. To be discussed.

Is the Bulgarian baking system safe?

Yes, Bulgaria is part if the EU. Bulgaria has a stable system for banking because there is no risk in foreign currency. Why is this so? The Bulgarian Lev has a fixed rate to the Euro. PayPal and Braintree are also available and soon also Stripe.

Can I avoid paying high social securities in Europe?

According to the European Union laws and guidelines, one can only use only one country’s social security laws at any given time.Therefore, you are required to pay your social security contributions to only one country at a time.This is more of the reason you need to settle on Bulgaria because this country has the lowest social contribution fees. For approximately only 70 euros per month, you can be completely covered by the nation’s insurance.Compare this to Belgium, for example, where the public national insurance fee is about 200€ or more and you will understand why many entrepreneurs like you, already moved to Bulgaria.

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?

In case 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 which allow you to use urgent medical support free of charge.

What shall I do in my local country once I switch to a Bulgarian tax residency?

Once you obtain your tax number in Bulgaria along with your residency card you shall inform the authorities of the previous country of tax residency. Usually, there are special government bodies for citizens residing abroad. For instance, the one in Italy is called Registry of Italians Resident Abroad (A.I.R.E.) handled by MAECI. This can also be handled by the local Embassy of the foreign country in Bulgaria.

Shall I submit a tax declaration in my current country of residence in case I switch to a Bulgarian tax residency?

It depends on the local legislation there, but in general 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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