Cedric Ballet
Jul 28, 2017 · 1 min read

I think this article is misleading; I am not a Bulgaria specialist but the gneral rule is that if you are not a EU resident or national you won’t be able to work or live in the country unless you qualify for some kind of qualified investor or special competence visa program.

The second point is that unless your business is fully digital and that you do not do business within other countries, you will have to pay taxes where you work.

Bulgaria is inching toward joining the Schengen area so you can bet that the Visa and residency requirements will become radicaly more stringent within a year of so.

Also remember that wherever you come from tax residency is conditional to spending at least 180 days a year in the country. Your home country tax administration can claim taxes if you are not able to prove that you genuinely lives there. You will have to produce lease contract, utilities bills, passport, etc.. As of today, Bulgaria being not in the Schengen area, your in and outs are recorded on your passport and by the immigration authorities and will be subject to heavy scrutinity from the EU immigration services

The bottom line is that unless you really plan to live in Bulgaria, i think there is no point setting up your residency there as any residency fraud will be very easily exposed. I think setting up in a low tax Schengen country is a much more desirable approach to the problem especially if the point is to be able to travel freely within the EU

    Cedric Ballet

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