↑ Return to L10 Legal Form

L12 Limited

George Morgan
My articles
Follow on:

Page no: L12
Question / Problem

Limited Bulgaria





Type Swiss BG Estonia US Delaware
Sole Proprietary
(unlim. Liability)
George Company
Sells Software to
Stock OwnerComp
Key Elements  
Limited LLC min 2 leva
Profit Taxes Taxes on Profit: 10%
(200.000 € get a control)
1500€  —> 0€ (with salaries)
Profit remains
in company
Dividend Tax when paying out 5%
Div = 0€ (Consultant George)
Avoid Using Salary possible Pay 1500€ to Niki as salary
Or use a bonus to put profit to 0
1500€ = 3000L
Insurance for employees 10% (like a tax) =
First 3000L = 1000L (twice year)
2000L = 10% = L
1200L twice, other 400L
Private Tax 10%
2500L Net Salary after
250L for taxes
2250L Net Net Salary



  • 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?

Limited in Bulgaria


  • 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



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.


Swiss bookkeeping will be cheaper and easy than BG bookkeeping.



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


Prices for VAT company



See more for L1x Legal Form