Three reasons to start a business in Bulgaria

Over the past few years, more business owners have chosen to #invest in and establish operations in #Bulgaria. Sofia, the capital of the country, has started to be referred to as the Silicon Valley of Europe since a significant portion of recently established enterprises are producing software goods or software as a service.

Low tax rates

Bulgaria has very low taxes. While the capital gains tax is only 5%, the corporate income tax is fixed at a flat rate of 10% each year, making it one of the lowest in Europe. This indicates that overall, you pay less than 15% in annual tax on the income from your business.

In addition, Bulgaria's VAT is set at 20% for all goods and services, with the exception of tourism, where the tax is only 8%.

Actually, Bulgaria has the most business-friendly tax policy in the entire European Union.

Market entry into Europe is simple

Since joining the EU in 2007, Bulgaria has benefited from the open European market. This period of time has been close to ten years. In other words, neither taxes nor customs duties apply to the import or export of commodities into or out of EU member nations.

It is easy and affordable

In less than a week, you may open a limited liability company in Bulgaria, and you are not even required to be in the country when you do so. Note that for the creation of a limited liability corporation, the minimum capital required by law is just one euro. The entire registration process is reasonably priced, and the cost of accounting services is fair, too.

These are but a few justifications for investing in Bulgaria.

If you have already made the decision to locate your business in Bulgaria, MP Group is always willing to assist you. Please get in touch with us if you have any questions about the #company #registration process in Bulgaria.

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