/Tag:Bulgaria

Inheritance Taxation in Bulgaria Extremely Low

Bulgarian citizens who inherit property worldwide and foreign individuals who inherit movable and immovable property located in Bulgaria are subject to Bulgarian inheritance tax. Inheritance taxation in Bulgaria is governed by Articles 29 to 43 of the Local Taxes and Fees Law. Who is paying inheritance tax? The following persons are subject to inheritance tax: (1) [...]

Bulgaria eases restrictions on offshore ownership

While numerous countries all over the world are imposing new restrictions on companies registered in tax havens, the Bulgarian government has recently eased the laws governing offshore ownership. Following the recommendations of the European Commission, the new amendments of the Bulgarian Offshore Law now permit offshore entities to own up to 10% of Bulgarian companies engaged [...]

Thousands of Greek companies relocate to Bulgaria

Due to its attractive tax regime, low labor costs, and political stability, Bulgaria is one of the most compelling countries in the EU to outsource business activities.The advantages of Bulgaria are positively evaluated not only by West European countries, but also by neighboring Eastern European countries. One of the most active countries in out flowing business [...]

Offshore firms own 40.000 properties in London

A research conducted by the British newspaper The Guardian demonstrates that the offshore ownership of properties in London has increased with 9% over the last 10 months. At present, companies registered in tax havens, such as Panama, Liechtenstein, Cayman Islands, and the British Virgin Islands, own around 40.000 commercial and residential buildings in Greater London. The [...]

The Belgian Cayman Tax

In the beginning of 2015, a look-through tax, also known as “Cayman tax”, became applicable in Belgium. According to the Belgian tax legislation imposing the Cayman tax, certain natural or legal persons who are founders or third-party beneficiaries of offshore legal structures are obliged to pay tax on the income received through those legal structures. The [...]

BULGARIA INVITES INVESTORS WITH 0% CORPORATE TAX

Bulgaria is a well-known tourist destination for those who are looking for a golden tan and enjoyment on the coast of the Black Sea. Moreover, it is an even more attractive strategic location for business investors. Especially, when the country’s taxation system provides investors with an opportunity to pay a 0% corporate tax. Foreign investors choose [...]

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