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"The minimum 15% tax rule is designed to apply to large multinational groups that earn annual consolidated revenue of at least EUR 750m." https://www.ey.com/en_bg/tax/tax-di...Te minimum 15% tax rule,of at least EUR 750m.For special countries like Estonia with 0% on non-distributed profits...

https://www.numbeo.com/cost-of-livi...a&city2=Monaco&tracking=getDispatchComparisonMonaco is out of question for 99% of folks here. Regarding the Andorra active vs. passive residency: I looked into that option because Andorra is especially attractive for equities traders with 0% tax but the...

As a rule of thumb, when having a nomadic lifestyle, it is better to have a "base" somewhere in a low tax country and to have a permanent residence with long term rental there or better to own either property and/or a company/business there and to spend more time there than in any other country...

You don't risk anything in Bulgaria. The tax authorities here don't care much. Pretty every Bulgarian small business owner here is cheating by selling products/services black for cash without booking it. I have never heard of anyone here having issues with the tax office but I hear a lot of bad...

This is for "non-EU citizen". In that case, it's much more complicated anyway. Best way to obtain a D visa for non EU nationals in Bulgaria is to have a company setup abroad and register a trade representative office in BG.

I'm looking for a Bulgarian tax accountancy which can handle high frequency securities trading myself. Without success so far. Some names I came across: germania.bg, bsiservice.eu, mystartbulgaria.com, cocompany.io, Sb Accounting & Consulting, Kreston BulMar, Zaharinova Nexia The less complex...

Neither, Just had a friend here getting a residence permit with freelancer status without any Bulgarian language skills.

It really depends on your case, i.e. whether you have any substance in Andorra etc.. "Following the EU directive, the CFC rules will not be applicable where the controlled company carries on “substantive economic activity” supported by staff, equipment, assets, and premises." Here you will...

What is if I want to keep my personal fiscal residence in Bulgaria and have a company setup for crypto/FX/Futures trading with second residence in Dubai (spending only a few weeks/months there but >183 days in Bulgaria). Bulgarian tax authorities would not care about CIT of the Dubai business...

No, lots of my friends here have a normal freelancer setup without any bulgarian language skills. Can also be done via umbrella company of service provider billing clients abroad. Only higher education diploma in the field of practice was necessary. Check out websites of service providers in...

If you are controlling a company abroad from Bulgaria as an individual it won't be taxed on CIT in Bulgaria except for distributed dividends to you as a private person: https://taxfoundation.org/controlled-foreign-corporation-cfc-rules-europe-2021/But there's a change that got introduced lately...

Lots of my friends here got freelancer setup without language certificate. You just have to do it via a Bulgarian service provider with umbrella company. They only had to provide a higher education certificate. With sole proprietorship you will pay more tax (15%) than with freelancer setup...

The picture is only about Govt debt but more interesting is the total debt-to-GDP ratio (including financial debt) which can be found here: https://www.ceicdata.com/en/indicator/total-debt--of-gdp

To stop runaway inflation, central banks will have to rise interest rates above the inflation rate (like Paul Volcker did in 1981) to the point where the entire economy crashes into a deep depression. Until that happens, inflation rates will only persist or keep growing. Homeopathic increases in...

I wonder how it works if you trade via a local IBKR branch or a via a white label/introducing broker. I guess US shares/ETFs are held in custody in the US but the client and account management is done via the local branch or white label partner, meaning if the juristinction country wants to...

There is a significant increase in young athletes dying for sure (check 'List of association footballers who died while playing'). I'm checking usmortality dot com and euromomo dot eu on a regular base but don't see abnormally high death rates in the general population yet. Last year, excess...

I have chosen Bulgaria over Cyprus mainly because of the insane restrictions they had in Cyprus last winter (at some point they didn't allow people without vax to go to supermarkets). So far, it has been a good choice as the Bulgarian prime minister just announced that there wouldn't be any new...

I think consulting doesn't fall into the sole trader category, although I'm not 100% sure. It should apply only to merchant/trading activities. "According to the Bulgarian Commercial Code, the sole proprietor is a person that by occupation effects one of the commercial transactions listed in...

Depends also on the nature of your activity. For certain types of activity you will be considered a sole trader and pay 15%.

Tax is only one aspect. Another question is whether you will be able to open/maintain foreign brokerage accounts with your Cyprus Ltd.. Many traders there create the company only to get the non-dom status and trade with their private account because it is much easier.