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I just wanted to add, that in Ireland banks don't understand that you do offshore. They consider you are an onshore company. Don't talk about Offshore to your Irish bank representative if you have one, they are very very very uncomfortable about it. On the other hand, in Cyprus, people are much...

I wanted to give you some news about my Irish company. Back in June, I have returned my 12,5% corporate tax. I did it online but everything was blocked because in Ireland if you are the only directory, you have to hire a secretary that must countersign every administrative paper you produce...

I wanted to thank you c4labs, I simply blocked him on Skype and ghost him and got no news from this individual. For other people in the same situation, I have a message. if someone wants to work with you, this person has to bring something on the table. You can't judge people's words, only...

C4labs, it is exactly my situation. I wanted to pair with him for some skills that i was lacking of. However, i told myself that it was not worth it since his profitability value is real. Some people encouraged me to put him on a fair trust level and bring him some job. After thinking about it...

I have heard that some people lowered their tax by getting paid using income tax and expenses since it comes prior to profit. For example, I have heard of a German lady who lives under the nonhabitual resident programme in Portugal where she does not pay any income tax. She has an Estonian...

Your comments make sense. I document the story here because it may be useful to somebody else. Let me explain the background. This individual told me that he was a business owner. So I started to check his credentials, on LinkedIn, he had no details about his education or past positions, only...

Thank you very much Negon I will follow your advice. Quite interestingly you described the personality of this individual. He did couch surfing for sometimes, traveling rather than doing anything. He was into personal development. In fact, He mirrors what i tells him to make me believe he knows...

I have an issue. One of my potential business partners pretended he was a successful entrepreneur. However, after investigating I discovered that he did make little money and lived on welfare. he has no work experience in other businesses in my field (Information Technology). And at the 30 years...

From what I know everywhere in Europe, tax authorities have the same obsession VAT VAT VAT. They want to be sure you pay VAT if you are VAT registered. Bulgarian tax authorities inspect distance sellers regarding VAT registration

Rnk i know global consult, they speak and understand english very well. They are located in Plovdiv, the second city in the center of bulgaria. Their website is not appealing, but they have a real team behind it. You can ask them to give you a quote for bookkeeping. Please let me know in this...

I know that in some countries, they encourage you to have a local bank account in their country so that they can have access to your bank account in case of fiscal investigation. Here is an example, this is just an example. You incorporate a company in France and you open a bank account in...

i also advise raiffeisen, they speak english well, their forms are in english, the process to open a business account is straight forward, they don't bother you with unnecessary financial products.

Here some accounting fees from ZARA consult from Sofia Bulgaria: Jav you pay 300 euros / year, here they offer this service for 250 euros per month... This seems like a big SCAM to me.

Do you think that some bulgarian accounting company increases their price only for foreigners?

I also had an issue with the mobile phone company EIR. I needed a mobile phone to open the business bank account. I went to an EIR phone store in Dublin. Some seller told me to go for a monthly subscription. I ended up paying 35 euros / month for a phone number that was useless because after...

Explanation here: Ireland vs Cyprus for offshore company formation

I d like to second Marin Everson, the setup that I heard about Malta was about people who decided to move to Malta and be resident there in order to get the Tax refund. I know for sure that the administrative process for Malta is much more complicated than in Cyprus.

Back in 2016 it was the cast @auric here is forum thread discussing the issue Invoices in different languages | Invoice Ninja

I must mention that in Bulgaria, since you have 2000 transactions, it will cost a significant amount of money in accounting because 1/ every invoice has to be translated in bulgarian 2/ invoices has to be converted in BGN. You will not set up the BGN currency on your website for sure. Thats...

3000 euros isn't expensive for a 700k turnover ! Cypriot auditors, knowing your turnover could take advantage of it by increasing their fees. That's what I saw in Latvia and Bulgaria.