Why set up a company in Bulgaria

• It has the lowest cost of establishing a company in the European Union.
• Low Taxation of Natural and Legal Persons 10% (Flat Tax)
• Dividend tax 5%
• 20% VAT on National transactions and Zero (0%) for exports and Community acquisitions.
• It may be a single-member company with one shareholder or more.
• Minimum investment capital required 2 Leva = 1 Euro.
• There is the possibility of loss transfer to the next fiscal year up to five years
• VAT refund (DDS) within 30 days.
• 0% tax on intra-Community trade.
• Multiple use of the company’s activity.
• The administrative address does not have to coincide with the headquarters of the Bulgarian company.
• The insurance of the entrepreneur in Bulgaria (like OAEE in Greece) costs about 65 € / month. The years of insurance are normally counted as retirement years.
• If you are insured with the respective Bulgarian insurance company you can get exemption from compulsory insurance (OAEE) of Greece even if you have a company / companies operating in Greece.
• Low insurance contributions (like IKA in Greece) about 60 euros.
• Low labor cost from 180 € / month.
• Tax depreciation in 2 years for purchase of production equipment and new PCs.
• Fixed banking system.
• Avoidance of double taxation
• Multidimensional object of activity of the company
• Low insurance contributions. Possibility of selecting a country for insurance and exemption from the payment of insurance contributions in Greece.
• High rates of tax depreciation – for 2 years for purchase of computers and new production equipment.
• Avoiding the Greek tax and insurance system.
• Bulgaria is a country of the European Union
• The invoices issued by the Bulgarian companies are recognized worldwide
• Bulgarian companies are NOT offshore companies
• Exemption of 20% VAT for 2 years for equipment imports or for investments over € 5,000,000, creating at least 50 jobs (employers’ contributions are double counting in areas with high unemployment).
• According to Forbes magazine, Sofia is one of the ten best cities WORLDWIDE for establishing new companies (start-up companies)

Indicative example: