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L12 Limited
Page no: L12
Question / Problem
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Solution
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Limited Bulgaria
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| Type |
Swiss |
BG |
Estonia |
US Delaware |
Sole Proprietary
(unlim. Liability) |
George Company
Sells Software to
Stock OwnerComp |
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| Key Elements |
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| Limited LLC |
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min 2 leva |
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| Profit Taxes |
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Taxes on Profit: 10%
(200.000 € get a control)
1500€ —> 0€ (with salaries) |
Profit remains
in company |
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| Dividend Tax when paying out |
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5%
Div = 0€ (Consultant George) |
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| Avoid Using Salary possible |
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Pay 1500€ to Niki as salary
Or use a bonus to put profit to 0 |
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1500€ = 3000L |
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| Insurance for employees |
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10% (like a tax) =
First 3000L = 1000L (twice year)
2000L = 10% = L
1200L twice, other 400L |
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| Private Tax |
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10%
2500L Net Salary after
250L for taxes
———-
2250L Net Net Salary |
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Questions:
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- Capital Increase? to 100.000L
Founders will pay 4% = 4000L
- Below is this the same?
- Must we make profit? What do they with company that does make
- Safety in BG stock-ownership (example identity theft, take money from the bank)
- Bank must in BG?
- Accounting complicated?
- Internet banking?
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Limited in Bulgaria
Idea:
- Replace company in Switzerland with BG Company, because of the bank
- Can explain to bank that I invested in a startup company
- Better than my own Swiss company
- Limited Liability, LTD without access to persons
Bookkeeping:
BG need to a lot of detail, each booking of credit card, but Swiss do not need much detail, do not need invoices.
Example: can put all Paypal from China, because the Paypal itself counts as invoice.
Conclusion
Swiss bookkeeping will be cheaper and easy than BG bookkeeping.
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Prices for Ltd. company in BG
Prices for non-vat company
| Expenses |
Amount |
Billing period |
| Creating company – legal stuff and governments taxes |
400 BGN |
once |
| Accountant |
100 BGN |
monthly |
| Government taxes |
10% of the profit |
early |
| Needed time: 1 week |
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Prices for VAT company |
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