COMPANY CONSTITUTION, LICENSES AND RESIDENCES:
Balkan Europe Business spa specializes in corporate constitution under Bulgarian limited liability and joint stock companies (Nominative or Anonymous). The time to set up a limited liability company is only 2 days, while for joint stock companies the duration is on average 3 days. We carry out all duties at the Bulgarian Chamber of Commerce of Sofia, activating ourselves for each service at the competent offices for the territory, thus allowing our clients not to dwell on their presence abroad for the management of the constitutive practice concerning the company constitution. The limited liability companies acquire the tax identification number in 4/6 days and the subsequent international Vatin code in order to operate, in just 7/9 days, while for joint stock companies, obtaining vatin can on average involve a 12/18 days. For a clear interpretation of the acts, the corporate constitutions, the realization of the statute as well as any other attachment are drafted in double language, ITALIAN / BULGARIAN or ENGLISH / BULGARIAN by qualified personnel certified by the Civil Court of Sofia, in order to always guarantee the maximum transparency regarding the transcribed content. Subsequently our collaborators will assist you in choosing the bank that best suits your needs, opening all the social and personal positions necessary to make you work in complete tranquillity and with the right tools. (social debit cards, personal debit cards, Homme Banking, licenses, Eori number etc ..)
ESSENTIALLY, COMPANIES CAN BE DIVIDED INTO TWO TYPE
- Economic Operative
- Dormant assets
The economic operating companies are identified in all those juridical personalities that carry out in all respects a commercial or service activity, operating at a national or international level by issuing invoices for their own work and making a substantial return to their Business. There are many categories that can bring huge economic benefits in delocalizing their business; those who carry out a service activity (architects, engineers, surveyors, experts, insurers and any freelander) but also all those artisans (electricians, maintenance workers, plumbers and generics) or resellers of products and services online regardless of the type of service or product offered. Dormant property companies identify themselves as all those legal entities that purchase movable and immovable property for the sole purpose of securing a capital safe against foreclosures, or executory actions by any creditors in the country of residence of the natural person. If the company is set up as S.P.A. with anonymous bearer shares, even the simple view of the ownership of the Bulgarian company shares would become impossible for those who are active in a search on the debtors’ property. The establishment and accounting prices of dormant companies are more contained than those of operating companies Regardless of the corporate constitutions carried out, the economic and financial tax advantages compared to your previous Italian, German, Austrian or French company are innumerable.
LICENCES AND RESIDENCE
In addition to offering assistance in company constitutions, Balkan Europe Business spa also offers you the service of registration of patents and licenses with Bulgarian certification, the acquisition of specific licenses in various sectors, the opening of the EORI code for international customs clearance of the goods and the RESIDENCE application abroad with simultaneous registration at the competent consulate. The company constitution for companies under Bulgarian law demonstrates that having known how to perceive the problems afflicting your business, you have focused the changes to be implemented and had the courage to evolve professionally to grow and give you a new and strong impulse towards success. Those who argue that relocating is a defeat, most likely does not consider that choosing to extinguish their business in order not to relocate only confers certainty about what we have lost, opening a question about what we could have achieved if we had the courage of our choices. If we were to give a broader meaning to the term “delocalize” we would argue that its deeper meaning is “to look elsewhere for the social, economic and fiscal conditions that allow us to make our business prosper” Lastly, new companies are domiciled free of charge in our Sofia offices for the first calendar year.
The corporate constitution for Bulgarian companies is proof that you have been able to perceive the problems afflicting your business, you have focused the changes to be implemented and have the courage to evolve professionally to grow and give you a new and strong impulse towards success.
Who claims that delocalization is equivalent to a defeat, most likely does not consider that choosing to extinguish their business not to relocate gives only certainty about what we lost, opening a question about what we could achieve if we had the courage of our choices.
If we were to give a broader meaning to the term “delocalize” we would argue that its deeper meaning is “look elsewhere for those social, economic and fiscal conditions that allow us to thrive our business”
Lastly, the new companies are domiciled for free taking our offices in Sofia for the first calendar year.
We also offer
Balkan Europe SPA offers a complete service for every type of company from 0 to a company ready to be top on the market!
Frequently asked questions
Can a citizen open a company abroad while residing in his or her state of birth?
Yes, every citizen is free to open companies in countries other than the one where he physically resides.
Does open society have to pay taxes in Italy?
If the fiscal and implementation fees of the company constitution respect the limits of the foreign vesting law, the company will pay the taxes exclusively in the State where it resides for tax purposes.
Members as an individual where they pay taxes on dividend profits?
In the State where they reside.
If foreign personal incomes are NOT declared, is the omission punishable or civilly punishable only?
It is almost exclusively civilly sanctionable.
Is it possible to seize current accounts of citizens who have opened foreign personal bank accounts?
Obviously, the attachment of a current account in a foreign country is more complicated and is conditioned by the amount, but not impossible when the credit is the Taxation because the Revenue Agency Collection has in hand multiple tools to force the tax payers to pay the folders tax collection.
Does open society have to pay taxes in Italy?
The purpose of this article is to provide a tax return for the company.
Do the members have the obligation to communicate the income or profits deriving from foreign activities to the Italian tax authorities?
Yes, the Law provides for the obligation to declare it on the appropriate framework concerning the personal foreign profits of the income statement.
Sofia – Bulgaria – Cap 1000
Boulevar Nikola Petkov 52
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