Do you want to transfer your vessel to a Bulgarian company and to save taxes?
We advise on the matter of transferring a vessel to a Bulgarian company. In order to transfer a boat you will need:
A Bulgarian company has to be incorporated
Our lawyers can assist and advise you in setting up a Bulgarian company. It generally takes no more than one week to register a company in the Trade Register. The minimum starting capital of the limited companies is 1 Euro.
We will help you to choose the most suitable corporate form for your business, prepare the company documents and represent you during the registration procedure in front of the Bulgarian commercial register, as well as to open company accounts, apply to the competent tax authorities for a Value Added Tax Identification Number for your new company.
You can learn more about the company incorporation in Bulgaria here.
The Bulgarian company has to purchase the vessel
We advise our clients to conclude a Vessel purchase contract with notary verified signatures. With the contract, The Seller agrees to sell and the Buyer agrees to buy the boat free from all mortgages, debts, claims, and charges of any kind, together with all her gear and equipment. On the other side, the Buyer agrees to pay to the Seller the purchase price.
Register the vessel in the Bulgarian Register
After the acquisition of the vessel, it has to be deregistered from the previous register and it has to be inspected by the Bulgarian authorities before it could be registered in the Bulgarian ship register.
It is very important to know that the vessel does not need to physically travel to Bulgaria. Estimation period for the whole procedure – 1 month.
Please, feel free to contact us for more information.