'There has been a significant trend to relocate to countries in Eastern Europe. For non-Europeans, it corresponds to the desire of settling in Europe. For Europeans, the attraction comes from wanting to remain in Europe while enjoying very attractive tax rates.
'Bulgaria has one of the lowest tax rates in Europe. Non-Europeans living in Bulgaria can then freely travel throughout Europe. For non-Europeans, the residency process occurs through an investment of 511,295 euros in Bulgarian state bonds. The investment must be maintained for five years. Europeans do not have to make this investment.
'In addition to Bulgaria with a 10% income tax, also note the increase of Hungary (16%), Lithuania (15%), and Romania (16%).'
Personal income tax rate: 10%