BULGARIA

In summary, Bulgaria offers a favorable tax and legal environment for company formation, being a member of the European Union and having a low corporate income tax rate. The most common type of company formed in Bulgaria is the LLC which requires a minimum of one shareholder and one director and has a minimum share capital of BGN 2. The incorporation process typically takes around 10-15 days. Additionally, there are various incentives available for businesses operating in certain sectors such as research and development, renewable energy, and innovation. Bulgaria has strict regulations in place to prevent illegal activities and companies are required to maintain accurate records and provide information to relevant authorities as and when required. Additionally, Bulgaria has implemented the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) to ensure compliance with international tax regulations... Bulgaria is a European country located in the Balkans,..

Primary location: Dover United States