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Corporate exit cost, Moldova vs CY, EE, BG

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Slide revenue, margin and dividend extraction. The comparator stops at the corporate exit, before any personal tax in the founder's country of residence.

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Founder country

Annual revenue €900,000
€0€1M€2M€3M€4M€5M
Profit margin 35%
0%20%40%60%80%
Dividend extraction 50%
0%25%50%75%100%

Net to founder under winner

€0

Indicative based on inputs.

MD SRL€0
MD 0% SME€0
Cyprus€0
Estonia€0
Bulgaria€0
Show breakdown

Total corporate-layer tax

Moldova SRL (12% + 6%)€0
Moldova 0% SME€0
Cyprus (12.5% + 0%)€0
Estonia (22% on distributed)€0
Bulgaria (10% + 5%)€0

All-in effective rate (on profit)

MD SRL0%
MD 0% SME0%
Cyprus0%
Estonia0%
Bulgaria0%
Methodology and assumptions
  • Moldova SRL. 12% CIT, 6% dividend WHT (Codul Fiscal al RM, Law 1163/1997). Treaty rates may reduce WHT.
  • Moldova 0% SME. 0% on undistributed profit; on distributions, 12% CIT plus 6% WHT, an effective ~17.28% on the distributed share.
  • Cyprus. 12.5% CIT, 0% WHT on dividends to non-resident shareholders.
  • Estonia. 0% on retained profit; 22% on distributed profit applied as 22/78 of the net distribution.
  • Bulgaria. 10% CIT, 5% dividend WHT.
  • The comparator stops at the corporate exit. Personal tax in the founder's country of residence is governed by the relevant double-tax treaty.

Disclaimer

Indicative figures based on tax statute as currently in force. Not legal, tax, or investment advice. Your actual liability depends on residence, substance, treaty position, and filing choices we have not modelled.

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