How to Get Tax Residency in Bulgaria

Bulgaria is becoming an increasingly popular destination for individuals and businesses seeking a more tax-efficient lifestyle. With its low tax rates, strategic location within the European Union, and growing reputation as a business-friendly environment, obtaining tax residency in Bulgaria offers many financial benefits. This guide will walk you through the process, explain the advantages, and highlight the professional support we offer to make securing Bulgarian tax residency simple and hassle-free.

Why Choose Bulgaria for Tax Residency?

Bulgaria boasts one of the most attractive tax systems in Europe. With a flat personal income tax rate of just 10%, and an equally competitive corporate tax rate of 10%, Bulgaria is an ideal destination for individuals, freelancers, and businesses looking to minimize their tax obligations. This makes Bulgarian tax residency particularly appealing for digital nomads, consultants, entrepreneurs, and larger companies aiming to reduce their tax burden.

Beyond tax advantages, Bulgaria provides an affordable cost of living, a stable economy, and full access to the EU market, making it a strategic base for business expansion. By obtaining tax residency in Bulgaria, you can enjoy a lower tax regime while living or running a business in a country that offers excellent infrastructure, a highly educated workforce, and a pleasant quality of life.

Steps to Obtain Tax Residency in Bulgaria

To secure tax residency in Bulgaria, individuals must meet certain criteria, such as residing in the country for at least 183 days within a calendar year or having the “center of vital interests” located in Bulgaria. For businesses, establishing a permanent presence or conducting significant economic activities within Bulgaria is necessary.

We offer two primary options for obtaining tax residency:

Freelancer Registration: If you are a digital nomad, freelancer, or independent consultant, we can assist you in registering as a self-employed individual in Bulgaria. This will allow you to take advantage of Bulgaria’s low tax rates while retaining the flexibility to operate your business independently. Freelancers registered in Bulgaria are subject to the flat 10% income tax, making it an extremely cost-effective option.

Company Registration: For entrepreneurs or businesses looking to establish a foothold in Bulgaria, we provide comprehensive company registration services. By registering your business in Bulgaria, you will benefit from the country’s low 10% corporate tax rate, as well as favorable treatment of dividends. Whether you want to set up a limited liability company (LLC) or another business structure, we handle all the legal paperwork and ensure full compliance with Bulgarian laws.

Professional Accounting and Legal Services

The process of obtaining tax residency in Bulgaria involves understanding complex legal, financial, and administrative requirements. That’s where our team comes in. We specialize in providing full legal and accounting services tailored to your needs, ensuring that your transition to Bulgarian tax residency is smooth and fully compliant.

Our Services Include:

Legal Consultation: We guide you through the requirements for residency, explain the legal framework, and help you determine the most suitable approach based on your specific circumstances.

Freelancer and Company Registration: We handle all aspects of registration, from preparing legal documents to completing applications with the relevant Bulgarian authorities. Whether you need to register as a freelancer or set up a company, we’ll ensure the process is efficient and stress-free.

Ongoing Accounting and Tax Support: Once you’ve obtained Bulgarian tax residency, we offer continuous accounting and tax filing services to ensure you remain compliant with local tax laws. Our experienced accountants manage your tax obligations, allowing you to focus on growing your business without the administrative burden.

By partnering with us, you can rest assured that every step of the process will be handled by professionals with a deep understanding of Bulgarian tax law and residency regulations.

Why Choose Us for Bulgarian Tax Residency Services?

We pride ourselves on offering personalized, professional service to clients who want to benefit from Bulgaria’s tax advantages. Whether you are looking to register as a freelancer or set up a business in Bulgaria, our legal and accounting experts will guide you every step of the way. Our goal is to make the transition to tax residency in Bulgaria as seamless as possible while ensuring that you can fully enjoy the benefits of the country’s low tax rates and business-friendly environment.

Contact us today to learn how we can help you establish Bulgarian tax residency and take advantage of one of Europe’s most attractive tax regimes.

The original article about tax residency in Bulgarian can be found on our website:

https://bi-lawfirm.com/en/how-to-get-tax-residency-in-bulgaria/