Discover a whole new world of low taxes and good business environment within EU
Our lawyers can assist and advise you in setting up a Bulgarian company. It generally takes no more than one week to register a company in the Trade Register. The minimum starting capital of the limited companies is 1 Euro.
We will help you to choose the most suitable corporate form for your business, prepare the company documents and represent you during the registration procedure in front of the Bulgarian commercial register, as well as to open company accounts, apply to the competent tax authorities for a Value Added Tax Identification Number for your new company.
We also provide accounting support for your company through an accounting partner firm.
Types of companies in Bulgaria
Advantages of company registration in Bulgaria
A Bulgarian limited liability company can be incorporated within one week, with a minimum of one shareholder and one director, who can be of any nationality and place of residence. Conveniently, the minimum paid up share capital is only €1 and there is an option for our Client not to travel to complete Bulgaria business setup.
Lowest taxes in Europe
We’ll let the fact speak for itself:
- Corporation tax: 10% (the average corporation tax rate in Europe is 25%)
- Personal income tax: 10% (the average personal income tax rate in Europe is 40%)
- Dividend tax: 5% (0% when the European parent/subsidiary directive applies)
Of considerable importance is the fact that the company registration can be also done from another country, without the investor coming to Bulgaria physically, via a power of attorney. The PoA should be notarized in front of the Bulgarian Embassy or Consulate.
Unlike the laws of some foreign countries, the law in Bulgaria does not require a minimum number of people employed in one company. The company may have only one owner and the owner can be a foreigner. The owner himself may also be a manager and to sign for the company – in this case there is no need to appoint a manager. The manager can be appointed at the discretion of the owner and can be given only certain representative powers, which are controlled entirely by the owner so as to minimize the opportunities for abuses.
VAT registration is not mandatory under €25,000 annual turnover of taxable goods.
Bulgaria boasts VAT refund agreements with 10 countries outside of EU. Moreover, tax losses can be carried forward up to 5 years.
Licensed real estate investment trusts (REITs) are fully tax-exempt.
Our clients should know that companies incorporated in municipalities with higher level of unemployment can receive up to 100% tax retention.
The rate of Bulgarian currency (Lev) is fixed to the common European currency (Euro) and has remained unchanged for more than 10 years.
The initial business costs are one of the lowest in the EU.
Bulgaria has a highly-qualified, well-motivated, flexible and multilingual labour force.
The wages in Bulgaria are among the lowest in Europe. The minimum salary is also the lowest in the EU. Furthermore, the social security contributions on salaries are very low.
Desislava DimitrovaWhy us. Legal issues can very easily get in the way of running a business. Having to take time out of a busy schedule to address these situations can take attention away from important issues at hand. Experienced business law attorneys can help to minimize these distractions and let business owners to concentrate on what they do best: run their businesses.