Why Bulgaria

Bulgaria has become a very popular choice for opening business during the last years due to many internal and external factors. The main advantages of the country can be classified as follows:

Less risks

Bulgaria joined the European Union in January 2007. Since 1998 the local currency rate is fixed to the euro: EUR/BGN = 1.95583. It is expected that Bulgaria will introduce the euro as its official currency in 2012.

Tax benefits

Bulgaria has the lowest taxation within the EU. Bulgaria tax legislation is completely synchronized with the EU legislation. Government policy is focused on building favorable business climate for foreign investors.

Fast and easy procedures

It takes only several days to register new company. The minimal start-up capital was reduced to only 1 EUR. International VAT registration takes 10 days.

Double tax avoidance

Bulgaria has signed Double Taxation Treaties with 58 countries all over the world.

Low business costs

Low-cost high-trained employees, very affordable rents, excellent value for real estate.

Good location

Situated on the main road between Europe and Asia and in the center of the Balkan Peninsular Bulgaria is more than good business choice. There are 4 Pan-European transport corridors that cross the country and 3 of them make their connection in Sofia.

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