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 visited the dealer BenchMark in Bulgaria, with the specific address at 19, Viskyar Planina STr. Floor 2.

Based on the above address, the survey team went to the destination of this survey, a small street in Sofia, the capital of Bulgaria. The street was under repair, dirty and badly affected by traffic. Arriving at the above address, the surveyors found that No. 19 did not exist and that there was a building with No. 15-17. The dealer BenchMark was not in the building, and after asking the security guard the same answer was given.

In case anything was missed, the surveyors proceeded to the corner at the end of the street and stumbled upon the logo of BenchMark. Finally, the surveyors confirmed the presence of the dealer BenchMark's office, but were unable to gain access to the interior of the company due to the epidemic.

Conclusion

The survey team went to Bulgaria to visit the dealer BenchMark as planned, and the dealer's logo could be found on its publicly displayed address, indicating that the dealer has a real place of business. Unfortunately, the surveyors were not able to visit and photograph the interior of the company, so the exact scale of its operations was still unknown. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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