Reason for this visit

The Bulgarian government implements a foreign exchange management policy that is freely convertible under the current account and capital account. Foreign-funded enterprises can freely open foreign exchange accounts and freely remit foreign exchange after local registration. For companies registered in mainland China, according to the "Avoidance of Double Taxation Agreement" signed by the two parties, the company does not need to pay taxes when it remits foreign currency after going through relevant procedures. For companies registered in Hong Kong and Macau, a 5% tax is payable on repatriation of profits, and a 10% tax is payable on repatriation of loan interest or service charges. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in Bulgaria, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to Bulgaria to visit the foreign exchange dealer BULBROKERS as planned, and the survey address was 7 Sheinovo Street Sofia 1504 BULGARIA.

According to the above address, the survey personnel came to the destination of this survey - the commercial area of Sofia, the capital of Bulgaria. A professional and luxurious office building can be seen. There are many well-known companies on the water sign outside the building, but there is no BULBROKERS.

The investigators asked the receptionist of the building if the trader BULBROKERS had an office here. She said that the company had moved out of the building three years ago, and that the company did not provide a new address so its whereabouts were unknown. The investigators confirmed that the trader BULBROKERS does not have an office here.

Conclusion

The investigators went to Bulgaria to visit the foreign exchange dealer BULBROKERS as planned, but did not find the dealer's office at its publicly displayed business address. The dealer may have just registered a company at this address without a real business venue. Please choose this dealer carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.