Sofia, Bulgaria - New developments

U

UrbanDev

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The Bulgarian parliament have cut the country's company tax rate to 10% this year, which makes Bulgaria the country with the lowest corporate tax rate in the European Union (along with Cyprus).
For tax reasons, we would like to open a Bulgarian branch of our company.

I've start a search of new developments in Sofia via real estate websites for an apartment (not an office), but nothing what I've seen excites me too much.

We would like our Bulgarian branch activated in September '07, so if anyone knows about a cool Sofia project in a nice neighbourhood finishing one of the coming months, please drop a little line. Thanks!
 
Urbandev, Can you to explain whether you have interest in selling Eastern European property?
 

Apart from the obvious plug for more Bulgarian garbage, the issue of lower corporation tax is not relevant for 99% of "investors" in this kind of project. It´s very simple, you have to make profits to be elegible for tax, so the victims of these selling marathons won´t have to worry about taxation, regardless of the rate of tax
 
A previous post by urbandev..

The neighbourhood is middle class - will get better over time.
As a long term investment, I think it's a clever decision, as prices are on the rise.
If you want to be sure you got the sharpest deal from therightmoveabroad, you can always give a call to Romanian Properties, and see what they can offer.
Success!

My guess is that they are Romanian Properties-no disclosure was made that there is no link!
 
UrbanDev said:
which makes Bulgaria the country with the lowest corporate tax rate in the European Union !
Click to expand...
I am not even sure if it is true.
In Estonia there is no company tax on profits as long as you leave them within the company so it is a great country in which to build up assets. You only pay tax if the money is paid out to the shareholders.
And no I do not have any interest is plugging Estonia. Still have a company based there (for obvious reasons) but nothing left to sell.
 
gearoid said:
Urbandev, Can you to explain whether you have interest in selling Eastern European property?
Click to expand...

Hello,
This must be a misunderstanding - I don't want to sell, I want to buy
I'm not into real estate, I work in the visual communication sector.
 
I can vouch for UrbanDev here that this is a genuine query on his behalf. He mentioned to me before that his business would like to set up an office in Sofia.
 
I stand corrected then!!
There are just so many property agents and other similar that seem to use these threads to camuflage sales pitches for various developments. Most mus think that Ireland is a nation of suckers who believe everything they read about overseas property-then again, perhaps that is true!! ;-)
 
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