English
DISSOLVE and LIQUIDATE YOUR COMPANY
REDUCE YOUR FUTURE EXPENSES
IF:
You are an EU citizen and you own a Bulgarian Company registered for purchasing of a property in Bulgaria, now you can reduce your future expenses by dissolving /liquidating/ your company and transferring the property to your personal name.
ARE YOU AWARE THAT:
According to the Bulgarian Legislation since 01.01.2012 all EU citizens are allowed to acquire regulated land plots on their personal names and since 01.01.2014 EU citizens also are allowed to buy agricultural lands on their personal names WITHOUT the need of forming of a company.
IT IS INDISPUTABLE:
EU citizens do not need to form a company in order to acquire /purchase/ land in Bulgaria.
IT IS A FACT THAT:
During past 10 years many companies were registered only for the purpose of purchasing of houses along with plots of land or only for purchasing of land plots in Bulgaria. For 2 years this legal requirement has been changed and foreigners can freely acquire ownership over land plots in Bulgaria.
THE PROBLEM IS:
That there are many companies registered only for purchasing of land plots. These companies have annual obligation to submit their Tax Declarations and Financial Reports. These accountancy documents are related with accountancy expenses, which owners of such companies can avoid in the future.
WHAT WILL HAPPEN?
In case you have decided to dissolve your Bulgarian company you will have to transfer the property to your personal name in order to leave an ‘empty’ company.
THE SOLUTION OF THIS PROBLEM:
- Transfer the property to your personal name;
- Dissolve the company;
- Stop paying accountancy fees every year;
- Reduce the amount of your property council taxes.
Contact us in order to receive an additional free consultation on this matter.