Thanks to its favorable legal and financial environment, Bulgaria presents a compelling destination for establishing trusts and foundations. The country’s commitment to maintaining a stable economic climate is evident in its attractive tax regimes and financial incentives.

These benefits and Bulgaria’s adherence to EU directives and international financial standards make it an ideal location for establishing trusts and foundations. Thanks to its efficient legal processes and advantageous tax policies, investors find Bulgaria’s system conducive to long-term financial planning and asset protection.

Establishing and operating trusts and foundations in Bulgaria are subject to a comprehensive legal framework encompassing national laws and international regulations. This framework ensures transparency, reliability, and integrity in managing these entities. Bulgarian trust law integrates elements from the EU directives, particularly financial compliance and anti-money laundering measures, aligning with broader European standards.

Compliance with these laws is crucial to uphold legal obligations and maintain the trust’s or foundation’s reputation and operational efficiency. At Novo Solution, we ensure that all trusts and foundations we manage fully comply with these regulations, providing peace of mind to our clients and beneficiaries.

At Novo Solution, we provide comprehensive services for establishing and managing trusts and foundations in Bulgaria. Our offerings include:

• Legal Assistance: Our team of experienced legal professionals offers guidance through the intricacies of Bulgarian trust and foundation laws. We ensure full compliance with all legal requirements, from initial setup to ongoing administration.
• Asset Management: We understand the importance of asset protection and growth. Our asset management services are designed to maximize the financial potential of your trust or foundation while ensuring security and sustainability.
• Administrative Support: We provide end-to-end administrative support, including documentation handling, regulatory filings, and liaison with Bulgarian authorities. We aim to streamline the process, making it seamless and hassle-free for our clients.
• Personalized Solutions: Recognizing that each client’s needs are unique, we tailor our services to meet your objectives. Whether your focus is on wealth preservation, philanthropy, or estate planning, we craft solutions that align with your vision and goals.

In every aspect of our service, we strive to uphold the highest standards of professionalism and dedication, ensuring that your trust or foundation in Bulgaria is established and managed effectively and efficiently.

Setting up a trust or foundation in Bulgaria involves several critical steps in which Novo Solution provides expert guidance:

• Initial Consultation: Understanding your needs and objectives to tailor the trust or foundation accordingly.
• Drafting of Trust Deed or Foundation Charter: Preparing the necessary legal documents outlining the entity’s structure, purpose, and management.
• Registration with Bulgarian Authorities: Submit the trust deed or foundation charter to the relevant Bulgarian court and ensure all legal requirements are met for registration.
• Administrative Setup: Establishing an organizational framework for the trust or foundation, including appointing trustees or directors and setting up a management system.
• Tax and Legal Compliance: Ensuring the trust or foundation complies with Bulgarian taxation laws and EU directives, including necessary registrations for tax purposes.
• Ongoing Management and Reporting: Providing continuous management services, including financial reporting, compliance monitoring, and administrative updates.

Each step involves detailed procedures and documentation, for which Novo Solution offers comprehensive support, ensuring a smooth and compliant establishment process.

The taxation landscape for trusts and foundations in Bulgaria has numerous advantages and financial benefits, making it an appealing option for international investors and philanthropists. Key highlights include:

• Favorable Tax Regime: Trusts and foundations in Bulgaria benefit from a reasonable tax regime, including potential exemptions and reduced rates in certain circumstances.
• Exemptions and Incentives: Depending on the structure and purpose of the trust or foundation, there may be specific tax exemptions, especially for those pursuing charitable, educational, or cultural goals.
• Recent Tax Law Updates: It’s essential to stay abreast of the latest changes in Bulgarian tax laws. Novo Solution informs clients about any significant amendments that could impact their trusts or foundations, ensuring optimal financial planning.

Our team of experts at Novo Solution is adept at navigating the complexities of Bulgarian tax law, ensuring that your trust or foundation is not only compliant but also positioned to take full advantage of available financial benefits.

At Novo Solution, we pride ourselves on our proven track record in managing trusts and foundations in Bulgaria. Our expertise and experience in this field are unrivaled:

• Expertise and Experience: Our team of professionals has extensive knowledge and experience in setting up and managing trusts and foundations, ensuring that each entity is structured and operated efficiently.
• Success Stories and Client Satisfaction: We have numerous success stories from satisfied clients who have benefited from our bespoke services. Our client testimonials reflect our commitment to excellence and client satisfaction.
• Case Studies: We provide detailed case studies illustrating our approach to various scenarios, showcasing our ability to handle complex situations and deliver optimal outcomes.