There are numerous good reasons to do business in Bulgaria: In particular, the fact that the country was admitted to the European Union in 2007 offers a secure basis. However, there are some special features to be observed on site that make professional support when founding and establishing your business sensible. Here is a compact overview.
PROFILE - Republic of Bulgaria
Capital: Sofia
Area: around 111,000 km²
Population: around 7 million
Currency: Lev (BGN) – 1 BGN corresponds to around 0.51 euros
The tax framework
One of the most important arguments: you can benefit from the special tax legislation. A flat tax applies in the Republic of Bulgaria, ie regardless of the amount of your income, a uniform tax rate of 10% is applied to income and corporate tax. The situation is similar for liquidation shares and dividends – here only 5% is applied as withholding tax.
Special feature:
If you want to establish a manufacturing industry in the Balkan state and focus on a region with high unemployment, you can reduce the tax burden to almost 0.
The infrastructural framework
At the same time, you can count on low wages and ancillary wage costs, although the level of education of the population is high. The situation is just as favorable in terms of purchase and rental prices for commercial real estate and energy costs. The infrastructure leaves nothing to be desired - right down to the fast internet that is available to you here. So it can be summarized that in the Bulgarian Republic you will find optimal employment and production conditions, so that you can reduce the running business costs as well as your liability risk.
Convenient selection of suitable corporate forms
Depending on your specific business concept, you can choose from one of the following corporate forms:
. ООД (OOD) – corresponds to the GmbH, i.e. a limited liability company, which can also be founded as an EOOD by a shareholder. Minimum share capital: 2 BGN
. АД (AG) – corresponds to the joint-stock company, which can be established with a minimum capital of BGN 50,000
. КД (KG) – corresponds to the limited partnership, which is a mixture of unlimited and limited partners
. с-ие (OHG) – corresponds to the OHG as an association of several shareholders, each of whom is personally liable
. Едноличен Търговец - corresponds to the registered merchant and can be used for all commercially run businesses
In particular, the OOD or EOOD are considered fully-fledged structures recognized within the EU. You don't even have to travel to the Balkan state to found a company - our professional office service can guarantee this for you, as can the representative office, should you get involved here but do not want to stay in the country permanently. Of course, you can rest assured that your business will be conducted as desired in the Bulgarian Republic, so there will be no problems with regard to tax liability.
Alternatively, you can use a well-known business address to place your international business on a solid footing: since we work with excellent lawyers and tax consultants, you can rely on correct processing. Your Bulgarian company is therefore just as capable of acting in Europe as a German company. It is best to discuss your goals with us personally – we will find the right solution and implement it first-class.
company – fast, professional and inexpensive
Here we can draw on profound experience, so that we accompany our clients from A to Z during the founding process. Of course you can not only rely on customer friendliness and high quality, but above all on discretion. The processes are so well-established that you can expect quick completion at a reasonable price. A wide variety of companies use this service – from small entrepreneurs to solid companies and private individuals.
The Bulgarian Republic is a suitable location in many respects, in particular the benefits that you can take advantage of with your company are important arguments: companies today have to act globally, can optimize the tax burden and benefit from the comfortable banking laws in the Balkan Republic . Create the basis for interesting growth - we are at your side competently and professionally.
Individual tailoring of the company structure
In addition to the uncomplicated foundation, you can make your organization advantageous: For example, if you outsource part of your business processes, you can significantly optimize the costs - your expenses decrease, your profit increases and your company can grow strongly. Of course you can discuss your plans with us and our cooperation partners. Together we will develop a viable strategy and support you in its implementation.
In view of this enormous potential, founding a company in the Bulgarian Republic is an option for a wide variety of projects. In particular, freelancers who work from home and are not fixed in terms of the center of their lives will find optimal conditions here. Experience has shown that programmers and web designers, copywriters, translators, editors and bloggers, but also traders and many other people who work on the Internet are interested in such an alternative. In any case, it is advisable to involve a professional service provider on site in order to be able to successfully master all upcoming challenges - you can rely on our experience.
company successfully and correctly
In order to fully exploit all aspects of Bulgarian law and to take into account the interests of your company and the shareholders, we call on experienced lawyers and tax consultants on site in Sofia for the company formation and organization. In this way we can ensure that all steps are completed in accordance with the law. Should you decide on another location in the Bulgarian Republic, this is not a problem: we work together with specialists in all regions of the Balkan Republic. Of course, we would be happy to explain our procedure to you in detail – simply use our free callback service.
As an innovative service company, we offer a wide range of services, but we also know exactly the limits: We do not provide any legal or tax advice ourselves. To do this, we rely on the appropriate specialists who ensure that the company is founded correctly and in line with your ideas and projects. The most important benchmark for our work is your satisfaction - in every respect: If you are considering founding a company or relocating to the Bulgarian Republic, please contact us right away - we will be happy to take care of your concerns.
The important preparation: tailor
-made founding of a company It makes sense to prepare the founding of a company comprehensively: On the one hand, this is of course about the business idea itself, but on the other hand it is also about realistically calculating the costs and taking into account impassable events that can impair a project. Whether you initially set up a sideline or rely on the company in the Bulgarian Republic as your main source of income, the specialists networked with us will advise you and accompany you professionally on your way - contact us with confidence.
Professional office service in Bulgaria - we are your partner
You can relocate your company's registered office to the Bulgarian Republic just as smoothly as you can use a well-known office address as a point of contact for all transactions that arise - the range of options is enormous: if you travel a lot, the office and personnel costs can be reduced with a competent office service, for example reduced to a minimum without damaging your company's reputation. The mail is quickly forwarded to a destination specified by you - alternatively you can open the mail, scan it and send it to you immediately or have it done directly. So you won't miss any important information, even when you're travelling.
In our experience, accessibility by telephone is just as important, which you can also ensure with our office service: Your business partners can reach us during the agreed business hours without you having to hire extra staff. Of course, we will inform you immediately about all incoming calls so that you can concentrate on your business undisturbed. This service not only supports start-ups optimally, but also companies that work nationwide.
So we accompany you far beyond the founding of the company. As a service company with a tightly knit network of specialists from tax and legal advice, we are happy to ensure with our office service that your company runs smoothly when you are travelling. It is best to discuss your project with us in peace, so that we can make you a suitable proposal - simply request our expertise.
INFORMATION ABOUT TAX SYSTEM IN BULGARIA
Corporate income tax – 10% of net profit per year;
Dividend tax 5% – only in case of real payment of dividends;
VAT – 20%.
Intra-Community deliveries and exports are exempt from VAT; Personal income tax 10%. The dividends are tax-free if distributed among the shareholders and if the 5% dividend tax has been paid.
