Advantages and Disadvantages of a Bulgarian Company
What are the main Advantages and Disadvantages of owning a Bulgarian Company? This is a frequently asked question on our website and customer support staff.
Therefore, in this article we would like to go over some of the main things that one may face when considering opening a company in Bulgaria. These are all drawn from our 20 years of experience in the field.
First it is the stable economic environment.
The economy in Bulgaria has been growing with a steady pace from the past 5 years. Something that should show investors certainty and predictability for their future business endeavors. Something that should be of supreme importance for all business owners.
The second major factor are taxes.
With a flat corporate tax of 10% from the net profits and income tax of 10% the country is currently the tax haven of Europe.
Therefore, by registering a company in Bulgaria investors and business owners can take advantage of this tax jurisdiction. This will allow them to gain a significant advantage over their competitors.
So what are the disadvantages of such a decision?
If you do not speak the language or you are not familiar with the legal system a move of this kind may seem worrisome. However, there are legal companies who are experienced and offer clients the service to incorporate a company in Bulgaria remotely without the clients even having to visit the country.
At Bulgaria Law we have 20 years of experience in the field and a dedicated team of lawyers, accountants, solicitors and economists. We can help you at every step of the way.
Let us assist you in making the best move for your business. Contact us.
More information about our company and team can be found on our corporate web site.
If you have any further questions please use the contact button or call us for free.