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 DeltaStock as planned, and the survey address was MeGapark OFFice BuildinG (OFFice Area E, Floor 6) 115 G TsariGradsko shose Blvd SoFia 1784 BULGARIA.

The survey personnel came to the destination of the current survey according to the above address. Megapark Office Building is a recently completed commercial building with water signs outside the door and in the lobby. There are quite a lot of restaurants and shops around the building, the transportation is very convenient, and it is quite lively. There are many logos of companies in the building on the water sign at the entrance, but the investigators did not find the trader's name on the water sign.

The investigators could not find DeltaStock on the water sign in the lobby, whether on the 6th floor or other floors. They asked the building's front desk staff if the dealer DeltaStock had an office there, who said that the company had moved out of the building four months ago without providing a new address, and its whereabouts are unknown. The investigators confirmed that the dealer DeltaStock does not have an office here.

Conclusion

The investigators went to Bulgaria to visit the foreign exchange dealer DeltaStock 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.