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Bulgaria is a very good solution. Bulgaria has a standard 10% tax on profits, plus 5% if/when you pay dividends. There are at least 2 accounting firms that I f
by atmosx 10y ago
Bulgaria is a very good solution. Bulgaria has a standard 10% tax on profits, plus 5% if/when you pay dividends.
There are at least 2 accounting firms that I found through freshbooks with which you can work remotely and they are fluent in English. I didn't work with them, but exchange a few emails, their rate is about 1.200 EUR/year for up to 20-25 invoices per month AFAIK.
You'll have to pay yourself insurance which is extremely low, I don't know the exact figure but it's a non-issue.
Banks... Banks have higher fees than any Bulgarian country but at the same time they are way more loose. You can open an account with your passport. I did the mistake to go with Raiffeisenbank which gives only Electron Visas to foreigners. Should you choose a bank in BG, go with Unicredit. They'll give you a proper visa (the electron is for children, many websites do not accept the electron VISA).
It's very common for companies in Bulgaria to use a lawyer's address as their official address for paperwork. That's extremely cheap too.
The thing with Bulgaria is that the financial setup is rather stable. Their tax rates doesn't go up and down like an elevator. Banks are considerably easier to deal with compared to Estonia for non-Estonians for example.
If you want more info drop a mail, good luck!