There are different types of companies. An offshore company is a body corporate formed in an offshore financial center or tax haven and governed by specific legislation that ensures full exemption from taxes, except a government fee, and high confidentiality. It is a kind of company specifically created for use by nonresidents only.

In reply to the statements by BSP Member of Parliament Milko Bagdasarov, published in some national and regional media, Hydro Energy Company Gorna Arda would like to make the following clarifications...