Bulgaria is a country with favorable tax rates – lowest in the European Union and amongst the most profitable worldwide. This creates an appropriate business environment with perspectives for successful entrepreneurship.
The geographical situation of Bulgaria as a border between Europe and Asia contributes for the development of international trade, logistics and production with export purposes. A big advantage is also the fixed exchange rate of the BGN to the EUR. All these benefits make the destination a favorite place for outsourcing many international companies.
The registration of a company in Bulgaria takes not more than 3 days.
The administrative expenses are approximately 76 BGN / 38 EUR
The minimum capital requirement for the establishment of a limited liability company is only 2 BGN / 1 EUR, and for joint-stock companies – 50 000 BGN / 25 000 EUR
Issuance a VAT identification number is for free. The procedure is carried out within about 2 weeks.
With a registered VAT identification number the company can easily trade on the European Market.
The advantage of the VAT identification number in Bulgaria is that if there is a tax credit, the unused VAT can be refunded every three months.
Summary:
Registration of a company – 3 days;
Administrative expenses – 76 BGN / 38 EUR
Minimum capital requirement for Ltd – 2 BGN / 1 EUR
Minimum capital requirement for JSC – 50 000 BGN / 25 000 EUR
Issuance of VATIN – 14 days – 0 lv.
Information about tax and insurance rates:
Corporate tax – 10%;
Dividend tax – 5%;
Personal income tax – 10%;
Social Securities (employee) – 13.34%;
Social Securities (employer) – 18.36%;
VAT – 20%.
We organise, optimise and realise the necessary administrative processes and services for the fast and easy start of your business in Bulgaria.
You are free to use the services we offer. And if you have any questions or want to get consulted on a certain issue, simply get in touch with us.
We provide services in English, Greek, Italian and Bulgarian.
If you have questions or want to meet for a consultation, contact us directly or send us an enquiry with your email and/or phone number and we will get in touch with You.
