The real question here is: Why not Bulgaria?
Bulgaria, a member to the European Union, is an economic attraction for many businesspersons around the globe and many consider it the “Silicon Valley of Europe”. The Corporate tax, the dividend tax and the additional incentives by the government of Bulgaria, create a significant catalyst for any business in choosing Bulgaria for a company setup.
The qualified and affordable workforce Bulgaria is, in fact, a significant cost saver. The economic growth and the tourist industry of the country on the one hand, and the willingness of the government to promote the entry of foreign investors into Bulgaria on the other hand, make it more attractive to any company that would like to have business relations in Europe, develop and penetrate the international business arena and widen their geographical footprint.
General information about Bulgaria and its economic development:
Bulgaria borders Greece, Turkey, Romania, Serbia and Macedonia. The population of the country is about 7.1 million inhabitants and it has been a member of the European Union since 2007. The local currency is called “lev” (translated as a lion) (BGN) and is fixed to the Euro currency at a fixed rate of 1.95583 levs for a euro.
The political stability of Bulgaria, along with its progressive trade policy, and Bulgaria’s membership to the EU create a very good business platform. That is why there is an influx of high-quality professionals who come to work in Bulgaria and businessmen from all over the world who chose the country to set up their companies.
Bulgaria is also a convenient platform for international activities (outside Bulgaria). It is a major corridor of access to Europe, to many opportunities for investment and cooperation in various business fields, that we would be happy to reveal to you. The World Bank rates Bulgaria 39th for easy of doing business. A T Kearney ranks Bulgaria as number one in Europe and ninth globally as an outsourcing destination and offshoring destination.
Corporate tax in Bulgaria is only 10%!
As a policy, Bulgaria collects a low corporate tax of 10% only. Dividend tax is only 5%. The government offers even more tax reliefs, especially in areas of high unemployment rate and more. This policy creates a significant focal point of attraction for foreign businesses wishing to maximize profits and grow, and they respectively do so by setting up a company in Bulgaria.
Setting up a company in Bulgaria – an excellent business opportunity for you!
S. R. Management offers you all the solutions to a company setup in Bulgaria in an easy and fast manner, with a personal business representative who speaks your language, and with a professional team of experts, who are familiar with the intricacies of the local bureaucracy. We are capable of leading the whole process for you in the most professional way.
We will be happy to tell you more about the business opportunities that Bulgaria can offer and explore your needs. To set up an appointment with us and receive more information, please, contact us and we will gladly assess business opportunities for you.