Hi there my new friend 🙂 Ahahah we are all in the same page︉ trying to don't live a shitty life as slaves of our idiotic governments rules.
Sometimes I think how much stupid is this! Letting thousands of successful minds flying away from︊ your country with money and willing to work hard grow the economy, is the dumbest︋ things you can actually do while managing a country.
Btw coming back to our own︌ business, let's discuss a bit further into the matter.
I was fascinated by Malta, I︍ lived there for 2 months but I've got discouraged for many reasons (some are those︎ you also talked about).
So I started looking into Cyprus but it seems even worst️ as we said.
Comparing Romania to Bulgaria, as far as I know it's like this:
ROMANIA:
Romania company + Romania residency (3% tax rate on total turnover but only 1% if you have an employee + 5% on dividends. It’s also quite cheap to setup and maintain and doable without problems I think. Someone blame that Romania is corrupted and high level of burocracy but if you have a digital business you won’t have much problems imho. In this case you can also rent a car from your company and use it all around Europe. Company setup 1k + 1k for annual accountancy. Personal︀ address cost: virtual address or subletting 500€/year, real apartment around 3000/year. Very good flights connections︁ with almost everywhere.
BULGARIA:
Bulgaria company + Bulgarian residency (10% tax rate on profits +︂ 5% on dividends. More or less same issues and advantages like in Romania about the︃ car, the social contributions, etc, they also don’t check your 183 days. Here you won’t︄ understand anything about Bulgarian. I think Romanian language is easier). Company setup 1.5k/2k + 1k/1.5k︅ for annual accountancy. Personal address cost: virtual or subletting 700€/year, real apartment around 3500-4000/year. Very︆ good flights connections.
So I'm a bit confused about the 0% you mentioned on capital︇ gains. They told me it's 10%. Isn't it? Which is still fine btw.
Indeed this︈ could be a good thing for me, since i'm trading stocks a bit lately.
In both countries you can find enthusiasts expat community and you have plenty of choice about︉ the cities where to relocate, despite maybe in Bulgaria you can't reach them easily by︊ plane, except Sofia and Varna. In Romania you have better flights connections with many places︋ (Bucarest, Timisoara, Iasi, Cluj, etc...). From Bucarest you are close to the mountains and the︌ sea as well, and you have a pretty good lifestyle there (i've been many times︍ and I can say it's a fine place to spend some time). People are usually︎ nice and the food is good. I never been in Bulgaria, so I don't have️ a clear picture of how my life can be over there. Did you ever been there?
Based on this comparison would you still choose Bulgaria instead of Romania? If so please, I beg you, convince me!
I need to take a decision asap and I would go for the best one 😀
Sometimes I think how much stupid is this! Letting thousands of successful minds flying away from︊ your country with money and willing to work hard grow the economy, is the dumbest︋ things you can actually do while managing a country.
Btw coming back to our own︌ business, let's discuss a bit further into the matter.
I was fascinated by Malta, I︍ lived there for 2 months but I've got discouraged for many reasons (some are those︎ you also talked about).
So I started looking into Cyprus but it seems even worst️ as we said.
Comparing Romania to Bulgaria, as far as I know it's like this:
ROMANIA:
Romania company + Romania residency (3% tax rate on total turnover but only 1% if you have an employee + 5% on dividends. It’s also quite cheap to setup and maintain and doable without problems I think. Someone blame that Romania is corrupted and high level of burocracy but if you have a digital business you won’t have much problems imho. In this case you can also rent a car from your company and use it all around Europe. Company setup 1k + 1k for annual accountancy. Personal︀ address cost: virtual address or subletting 500€/year, real apartment around 3000/year. Very good flights connections︁ with almost everywhere.
BULGARIA:
Bulgaria company + Bulgarian residency (10% tax rate on profits +︂ 5% on dividends. More or less same issues and advantages like in Romania about the︃ car, the social contributions, etc, they also don’t check your 183 days. Here you won’t︄ understand anything about Bulgarian. I think Romanian language is easier). Company setup 1.5k/2k + 1k/1.5k︅ for annual accountancy. Personal address cost: virtual or subletting 700€/year, real apartment around 3500-4000/year. Very︆ good flights connections.
So I'm a bit confused about the 0% you mentioned on capital︇ gains. They told me it's 10%. Isn't it? Which is still fine btw.
Indeed this︈ could be a good thing for me, since i'm trading stocks a bit lately.
In both countries you can find enthusiasts expat community and you have plenty of choice about︉ the cities where to relocate, despite maybe in Bulgaria you can't reach them easily by︊ plane, except Sofia and Varna. In Romania you have better flights connections with many places︋ (Bucarest, Timisoara, Iasi, Cluj, etc...). From Bucarest you are close to the mountains and the︌ sea as well, and you have a pretty good lifestyle there (i've been many times︍ and I can say it's a fine place to spend some time). People are usually︎ nice and the food is good. I never been in Bulgaria, so I don't have️ a clear picture of how my life can be over there. Did you ever been there?
Based on this comparison would you still choose Bulgaria instead of Romania? If so please, I beg you, convince me!
I need to take a decision asap and I would go for the best one 😀