Bulgaria is not popular only for its ski and beach resorts, but for the low taxation for individuals and corporate.

A flat 10% rate for corporate or individual profit apply, plus a 5% on dividends, if you are a company of course.

Bulgaria is attractive if you are interested to establish a manufacture business, or a distribution centre, they don’t like shell companies or generally, companies with its registered address in Bulgaria and physical address in Outer Mongolia.

They follow the German-French model of company law, which means that visits to a public notary for changes e.g. to our constitution, or address, or nomination of new officers would be regular.

Incorporation it’s a bit bureaucratic and two to three visits required in order to sign the necessary documents and open the Bank account.

Wages ans salaries are cheaper that in the rest Europe but don’t believe the rumors that you hire staff with 200 Euro, especially the jung Bulgarians are well educated and speak foreign languages.

If you have plans to invest in Bulgaria we advice you to discuss it with us.