Bulgaria LLP

Bulgaria Limited Liability Partnership (LLP) is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. In other words, it is an alternative corporate business vehicle in Bulgaria that provides the benefits of limited liability of a company, but allows its members the flexibility of organizing their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.

Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals.

Key Features of Bulgaria LLP

Bulgaria (Limited Liability Company).	Corporate Details
General
Type of Entity	Limited Liability Partnership.
Registered Office in Bulgaria	Yes
Shelf company availability	Yes
Access to Double Taxation Treaties	Yes
Share capital or equivalent
Standard currency	Euro
Permitted currencies	Any
Minimum paid up	€2
Directors
Minimum number	One
Local required	Yes
Publicly accessible records	No
Location of meetings	In Bulgaria
Corporate directorship allowed	Yes
Members
Minimum number	One
Publicly accessible records	No
Corporate members allowed	Yes
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	No
Migration of domicile permitted	No

Tax treatment

A Bulgarian LLP is Tax exempted.

Duration for set up the Company

One month.

Distinctive Advantages of Bulgaria LLP

A Bulgarian Limited Liability Partnership can be incorporated within two weeks, with a minimum of one shareholder and one director ,who may be foreigners residing outside the country.
Registering a Business in Bulgaria enables a client to legally minimize tax because.
Bulgaria tax rate is flat 0% on Global Profits for a partnership, the second Lowest in European Union.
Additional Government Incentives for Investment projects.

The Valsen Advantage

Speedy, Efficient and consistent Services.
Relentless effort to obtain bank accounts.
Expert advice on structuring options.
Dedicated ongoing compliance support

Bulgaria Offering