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Anybody running an online business from Macedonia or Bulgaria around here?

Discussion in 'BlackHat Lounge' started by Frankie4Fingers, Jan 15, 2016.

  1. Frankie4Fingers

    Frankie4Fingers Power Member

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    Just curious how smooth is running an online business over there as the tax rate is really low in those countries. First hand experiences would be great

    Thanks in advance!
     
  2. albaniax

    albaniax Elite Member

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    You need to tell first where you life, how much you pay currently?

    Estonia is a nice place with their E-Citizenship. You just have to go once to open up a bank account.
    Then taxes are paid only once when you get money out of your company.

    From Macedonia I know that opening a company at the first place cost's around 5.000 Euro.
    Taxes wise should be still less than you pay where you life now, but more hassle I guess.

    Waiting days for documents and stuff, getting credit cards/paypal for the bank acccount, yada yada stuff like that.
     
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  3. Frankie4Fingers

    Frankie4Fingers Power Member

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    Thanks for mentioning that about Estonia, had no idea and I'll try to gather more information about it
     
  4. Eternal1912

    Eternal1912 Power Member

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    Hello, mate!

    I'm from Bulgaria and here the taxes are 10% on your income. To open a company you will need something like 250 euro and no more than 500 to prepare all documents and registrations, maybe even less.

    I work as a freelance writer and until now i haven't payed any taxes.
     
  5. vBakardzhiev

    vBakardzhiev Junior Member

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    Hello,

    I'm also from Bulgaria. Company running costs here depend highly on what kind of company you want. Most people here register LTD's for about 250 Euros so that they may avoid any issues that may come from bankruptcy.
     
  6. Jointer

    Jointer Registered Member

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    I'm also from Bulgaria and i can confirm what the dudes above me said.
     
  7. Gigidus

    Gigidus Registered Member

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    well i am from MKD and i can say that is just wrong. Opening a company cost around 300 EUR max.
    5000 EUR here you can live like Brad Pit hehehe
     
  8. obiwan69

    obiwan69 Junior Member

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    UAE has no income tax + "Currently, the United Arab Emirates does not have a federal corporateincome tax (CIT) regime; however, most of the Emirates introduced income tax decrees in the late 1960s, and taxation is therefore determined on an Emirate-by-Emirate basis."

    However, I'm not sure how easy it is to register a company in UAE

    Edit: Pakistan might be an easier option. Will be following this and seeing how thing go as I need to start thinking about this soon.
     
  9. TWdesigns69

    TWdesigns69 Regular Member

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    This is interesting. How much do you need to live in Macedonia?
     
  10. niel96

    niel96 Regular Member

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    Can i open a business as a foreigner?
     
  11. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Yes you can open a business in Bulgaria, many foreigners do this to get around the foreign(non eu) ownership of land in bulgaria