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gcbirzan

I am 100% sure long term residents also pay health insurance. Are you an EU citizen?

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I'm not an EU citizen, no. And while I was living there as a long-term resident, I didn't pay 8% health insurance.

Perhaps it's indeed different for EU citizens, I'm not sure. I should probably mention it there.

The question is - Do you have to? You may have not paid it but that doesn’t tell if one has to.

This was confirmed by at least two reputable accountants, so yeah, I'm 100% sure I didn't have to pay 8% health insurance while being a long term resident (and not an EU citizen).

Actually, I _did_ pay some health insurance, but it had nothing to do with the business and it wasn't 8% or anything like that. It's like the same kind of health insurance that even tourists have to get.

Ah, I see where the confusion comes from. I assumed you meant you don't have to pay any. Though, I'm curious, how much is it? I went to check in the "Ordinance on the General Terms and Conditions, the Minimum Insurance Amount, the Minimum Insurance Premium and the Procedure for the conclusion of the mandatory medical insurance of foreigners who reside shortly or prolonged in the Republic of Bulgaria or transit through the country" (such a title), it says the price of the premium is determined according to article 65 of the insurance code, but that one is referring to something else. Oh, well.

> Though, I'm curious, how much is it?

I was buying just some bare minimum required insurance, and it was very low, less than 200 BGN per year.

It seems weird you are forced to distribute the dividend in BGN. Pay the withholding tax, yes. But the dividend itself? Most accountants can calculate the corresponding currency equivalent for the dividend being declared on the payout day. Worth looking into.

Also, does Bulgaria support interim dividends? The loan set-up, while not an issue, can perhaps be avoided by use of interim dividends.

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