HK or USA LLC for a bulgarian resident ?

[JustAnotherNomad]

Nope, bulgaria is less strict, i know lot of people here with USA LLC, without issues with the tax administration for example - they not treat it like a local business, like what the france, spain and germany can probably do

There are some possible explanations for this:

1. Bulgaria has actively decided not to enforce their own laws, in exchange for people spending time there and spending money (same as e.g. Portugal, Thailand, maybe Cyprus)
2. They don't have the resources to properly investigate this, so they go after the big fish, not some small freelancer making 4k a month

But I can guarantee you, they haven't actually written into their tax code that "register a US LLC, run it from Bulgaria and we won't tax it" - 100%.
You will see that if you're a Bulgarian citizen making $$$ with a US LLC, they will tax it.

 

[daniels27]

1. Bulgaria has actively decided not to enforce their own laws, in exchange for people spending time there and spending money (same as e.g. Portugal, Thailand, maybe Cyprus)

Yes, and this does not apply to people that cannot and will not move. They can tax them quite a lot before they leave their mother and god alone. And they are doing it. See my post here:

D

Post in thread 'Best Global Locations for Minimizing Personal and Business Taxes with a 190K EURO Budget'

Monday at 10:09

However, I feel bad for the locals because they pay more taxes than foreigners.

Hahaha! The world is simple. The more you travel and the less local you are, the less you pay and the more you get. Always been like that, always be like that. The reason why foreigners pay less is not discrmination, it is just a result of them being able and willing to move. it is a free market.

• daniels27

• 

 

[baliz71]

So, what about to have an LLC here in bulgarie (for example to enter Amazon FBA in USA) then just pay the 10% company tax here in Bulgaria (like a bulgarian company?) - at the end this is the same, but with less paper and hassle with administration from USA side, no ? I just pay a profit from the LLC in bulgaria, pay the 10% tax on profit, and done ?

 

[daniels27]

So, what about to have an LLC here in bulgarie (for example to enter Amazon FBA in USA) then just pay the 10% company tax here in Bulgaria (like a bulgarian company?) - at the end this is the same, but with less paper and hassle with administration from USA side, no ? I just pay a profit from the LLC in bulgaria, pay the 10% tax on profit, and done ?

Not really because most likely, the Bulgarian tax guys want to see the whole accounting as for a Bulgarian company.

 

[baliz71]

Not really because most likely, the Bulgarian tax guys want to see the whole accounting as for a Bulgarian company.

Okey, i was not thinking it was working like that. Just maybe that they asked the profit of the US LLC then tax it and bye. It can be a nightmare if they treat the accounting also like as an bulgarian company.

 

[daniels27]

Okey, i was not thinking it was working like that. Just maybe that they asked the profit of the US LLC then tax it and bye. It can be a nightmare if they treat the accounting also like as an bulgarian company.

The everybody would be doing this and pay all their holidays and cars on company cost.