There are a lot of benefits to having an active company in Bulgaria. The country is a member of the European Union which is considered to be one of the most influential economic areas in the world. As an official member, Bulgaria makes use of all the economic, political, legal, labor, environmental and consumer benefits of the union.
The tахеѕ іn Вulgаrіа аrе аmоng thе lоwеѕt іn thе ЕU whісh mаkеѕ іt оnе оf thе mоѕt favored соuntrіеѕ for business. The country has an excellent reputation for its low flat rate on corporate and personal income which is 10%. It offers affordable setup fees and social security contributions. The value-added tax (VAT) rate at 0% within the EU is yet another good advantage of setting a company in Bulgaria. Regarding the standard VAT rate here it is 20% and the tax on dividends from the company’s profit is 5%.
LOW BUSINESS COST
Bulgaria is blessed with low business costs such as cheap rental prices for business properties and low utility costs. Real estate and rental prices in Bulgaria aren’t only much cheaper than in leading EU countries, they’re also cheaper compared to the rest of the Eastern European countries.