How does Bulgaria compare with Malta, Cyprus or Hungary?

It depends on the question, and the honest answer is: not ahead everywhere. Retain profits in the company and Hungary is cheaper at 9 percent. Distribute large profits as a shareholder resident in the country of seat and Malta arrives at 5 percent on paper. Bulgaria's strength lies elsewhere: one company, one legal system, one rate. No second tier, no refund mechanics, no audit requirement for small companies, and the lowest ongoing compliance costs among the EU countries compared. At smaller profits the structural costs elsewhere consume the advantage. General information, not tax advice.