We know, because it is our job and because we have talked about it many times, that many entrepreneurs choose to open a company in Bulgaria because moving from Italy to this nation is the only possibility for their company or business to survive. This happens mainly for fiscal reasons: you don't have to be a financial genius to understand that any economic activity, be it an industry or a professional firm, has a greater chance of survival where taxes erode only 10% of profits. (coincidentally, Bulgaria) rather than in a nation where the tax burden on profits quickly exceeds 50% (coincidentally, Italy). Having said this, it is clear that migrating, oneself and one's business, from Italy to Bulgaria is not a game that can be played with one's eyes closed. It is easy to open a company in Bulgaria, but it can be difficult to have to move away from loved ones, family and friends. However, it is on this point that a strong misunderstanding arises which derives from the lack of knowledge of the subject.
A lack of knowledge that we can remedy quickly and with the following information. The first: the fact that tomorrow you move your tax residence to Bulgaria does not mean that you no longer have to set foot in Italy. The second: there are precise limitations that help us understand how much time it is possible to spend in Italy after taking Bulgarian citizenship. Let's try to be clearer about this second point below. Suppose you are an entrepreneur who, thanks to our business services, quickly and in a few days manages to obtain the desired tax residence in Bulgaria. What happens from that moment? Well the first effect, not least, is that he will have to communicate to his accountant (who in turn will have to communicate it to the local tax authorities) that from that moment on the profits of his business will no longer be taxed in Italy, as they more resident.
From that moment on, once our collaborators have completed all the formal procedures, you will be registered in the Bulgarian tax registry, and to your joy, you will join the advantageous tax regime present in this nation where profits are taxed at a single rate 10% regardless of your income. Once this is done, all you have to do is "avoid" losing recognition (by Italy) of your new residence in Bulgaria. As? Simply remembering the golden rule that applies to those who take up tax residence in Bulgaria or any other foreign country coming from Italy: in order for the Italian tax authorities not to automatically reinsert you in their registry, you must spend less than six months in Italy. 'year. And pay attention to one last but interesting point. If, for example, you have taken up tax residence in Bulgaria, it is not necessary for you to spend any minimum time in Bulgaria to avoid the risk of being considered Italian taxpayers again. You will, as mentioned, have to be outside Italy for at least six months of the year, regardless of where you are or go. In Bulgaria as in the United Arab Emirates. If you spend at least 6 months outside the Bel Paese every year you will no longer be subject to the Italian tax regime.
