Why choose Bulgaria?

Over the last several years, Bulgaria has become one of the most attractive destinations where you can form a company. Exceptionally low expenses of your business operations is only one of the numerous advantages for registering your company in Bulgaria.

A number of European businesses conduct their activities through Bulgarian companies. These are main reasons for this:

  • Establishing a company in Bulgaria is associated with minimum formalities and can only be done in two business days. Since 2007, Bulgaria has been a full-fledged EU member and as a foreign national you are entitled to absolutely the same rights in Bulgaria as are Bulgarian citizens.
  • The government of Bulgaria is strongly dependent on foreign investors and for this reason Bulgarian legislation in the area of company registration by foreign nationals and firms is exceptionally favourable.
  • As a EU member state, Bulgaria makes use of the absence of borders, free movement of capitals, goods and services and all other advantages.
  • Our legislation has been subjected to and harmonised with the legislation of the other EU member states. Therefore, performing your activity through a Bulgarian company you will take advantage of all benefits that you are currently enjoying – but you will save yourself expenses and will make your business a lot more competitive.
  • The owner of the Bulgarian company could be you as a natural person, or your current foreign company.
  • Corporate tax in Bulgaria is only 10%. It is the same as the income tax rate which is also 10% - the lowest in Europe. The reason for that is once more the ambition of Bulgarian government to attract foreign investors. Performing your activities through a Bulgarian company, you will be paying significantly smaller corporate tax compared to any other EU member state. This will have a strong positive effect on your competitiveness.
  • Performing your activities through a Bulgarian company is absolutely the same as doing it through a company which has been registered in any other EU member state. Along with your registration, you will receive a European EU VAT tax number – to be able to do transactions with your EU and global contractors.
  • The minimum required capital for registering a business entity in Bulgaria is only 1 EUR. The meaning of this is once again to stimulate foreign investors.
  • After the registration of a business entity, you are accountable before creditors, contractors and the state within the size of the capital of your company. You can run an existing business or put into practice your new business idea easily, quickly and with no risk in Bulgaria.
  • You will have the right to perform any activity permitted by the law with your new company. Globalisation, free market, modern technologies and the Internet are now making possible the migration of your business to the most advantageous location, concurrently preserving existing business relations and trade channels.
  • The average monthly salary in Bulgaria is 350 EUR – the lowest in EU. Naturally, costs of life are twice as low compared to other EU countries. It is a fact that working in Bulgaria you have much lower costs compare to any other country.
  • All low-cost airlines have regular flights to Bulgaria – a London-Sofia airplane ticket can be bought for as much as 20 EUR too.
  • It is not only corporate tax which is low in Bulgaria. Generally, the entire taxation and social insurance rate is a lot lower. For example, the insurable earnings rate is only 420 BGN (215 EUR).