WHY CHOOSE BULGARIA FOR YOU BUSINESS ACTIVITIES?

 

• According to Forbes magazine, Sofia is one of the top 10 world-class cities for start-up companies.
• Bulgaria has the lowest costs for establishing a company in the European Union.
• Low Taxation for physical persons and companies: 10% (Flat Tax)
• Dividend tax 5%
• VAT 20% for national transactions and zero (0%) for exports and acquisitions.
• Minimum capital required 2 Leva = 1 Euro.
• There is the possibility to forward losses and enter them in the accounts next year, for up to five years
• Automatic refund of VAT (DDS) within 30 days.
• 0% tax on trade within the European Union.
• The seat of the administration does not have to coincide with the address of the Bulgarian company, thanks to our virtual office services.
• Social security for the entrepreneur in Bulgaria costs about 65 € / month (calculated on the basis of his income, the amount mentioned refers to the minimum wage). Insurance years are normally calculated as years of pensionable service.
• As long as you are insured with the respective Bulgarian insurance company you can get avoid the compulsory insurance EFKA in Greece, even if you have a company/companies operating in Greece.
• Low social security payments for the hired staff, about 60 euros.
• Low labor costs, starting at 180 €/month.
• A stable banking system.
• Avoidance of double taxation
• High rates of tax depreciation – for 2 years for computers and new equipment.
• Bulgaria is a member of the European Union with all the benefits this has.
• The invoices issued by the Bulgarian companies are recognized worldwide
• Bulgarian companies are NOT offshore companies.
• Exemption of 20% VAT for 2 years for equipment imports or for investments over €5,000,000, if you create at least 50 jobs (employers’ social security payments for the staff count as double the amount in areas with high unemployment).