How long does it take to form a company in Bulgaria?
The process typically takes 3-5 business days, assuming all necessary documentation is provided.
What are the tax advantages of starting a business in Bulgaria?
Bulgaria offers a low corporate tax rate of 10%, a flat personal income tax rate of 10%, and has double taxation treaties with over 70 countries.
Why is it important to have a trusted accountant for my business ?
A trusted accountant can help ensure compliance with local laws and regulations, provide tax planning advice, and help your business run smoothly and efficiently.
What are the requirements for opening a bank account in Bulgaria?
To open a bank account in Bulgaria, you’ll typically need to provide proof of identity, a registered address in Bulgaria, and proof of business registration.
What industries are popular for starting a business in Bulgaria?
Popular industries for starting a business in Bulgaria include IT, tourism, real estate, and manufacturing.
How can I choose the right legal form for my business in Bulgaria?
The right legal form for your business in Bulgaria depends on a number of factors, including your business goals, ownership structure, and tax considerations.
What is the minimum share capital required to form a company in Bulgaria?
The minimum share capital required to form a company in Bulgaria is 1 Bulgarian lev (BGN), equivalent to roughly 0.5 euro.
What are the requirements for obtaining a Bulgarian residency permit?
Requirements for obtaining a Bulgarian residency permit vary depending on the type of permit. In general, you’ll need to provide proof of income or investment, health insurance, and a clean criminal record.
Can I register a vehicle for my business in Bulgaria?
Yes, as a business owner in Bulgaria you can register a vehicle for commercial use and personal use.
Are there any incentives for foreign investors in Bulgaria?
Yes, Bulgaria offers a number of incentives for foreign investors, including tax exemptions and reductions, grants and subsidies, and streamlined administrative procedures
