A situation is possible where company shares of the capital of a limited liability company (LLC, Ltd.) have been transferred from one partner to another not with the usual purchase and sale contract, but with a donation contract. Accordingly, in this situation, the question arises whether the company shares as an object of donation are subject to taxation according to the Bulgarian legislation.
Continue reading “Tax treatment of shares transferred by donation in Ltd.”
When executing a contract for property management and maintenance in Bulgaria, a question arises for the tax treatment of the funds received by the company which manages and maintains the property in connection with the contract.
The types of business organizations, most often used in Bulgaria are a Limited Liability Company (LTD/LLC), a Joint-Stock Company (JSC), a branch and a trade representation.
It is the business type most popular among investors and entrepreneurs because of the minimum capital requirements, simplified structure and management. LLC can be established by one or more persons – individuals and/or legal entities. Shareholders in LLC may be Bulgarian and/or foreign individuals and/or legal entities. Continue reading “Types of business in Bulgaria”
