In Bulgaria there are many advantages of having an active company. The country is a member of the European Union which is considered to be one of most influential economic areas in the world. As an official member, Bulgaria takes full advantage of the Union’s economic political, legal, labor, environmental and consumer benefits.
The tахеѕ іn Вulgаrіа аrе аmоng thе lоwеѕt іn thе ЕU whісh mаkеѕ іt оnе оf thе mоѕt favored соuntrіеѕ for business. The country’s reputation is excellent because of its low flat rate on the corporate and personal income which is 10%. This provides affordable setup fees and social security contributions. A further positive benefit of setting a business in Bulgaria is a value added tax (VAT) rate of 0,0% within the EU. As for the standard VAT rate – it is 20% and the tax on dividends from company’s profit is 5%.
How to Start Business in Bulgaria
Contact us and take advantage of our incorporation services to start your company in Bulgaria. We would be pleased to assist you in choosing the most appropriate business formation in accordance with Bulgarian Commercial Law.
Our team of professionals can take care of:
- Preparing all necessary documents and represent you during the registration procedure;
- Opening a company account at bank of your choice;
- Administering the process of receiving Tax ID and Value Added Tax Identification number.
Our accounting department can also handle your finances and prepare the necessary reports so that you can focus solely on your business.