Official working hours in Bulgaria

Information about the official working hours in Bulgaria, holidays, pay for overtime work

Different company forms:

EOOD	Sole-shareholder Limited Liability Company
OOD	Limited Liability Company
ET	Personal Unlimited Liability Company
AD	Joint-stock Company
EAD	Sole-owner Joint-stock Company
SD	Unlimited Partnership
KD	Commendam, Limited Partnership, Responsibility is according to Agreement
KDA	Partnership Limited by Shares

How to start business in Bulgaria?

If you are thinking about starting business in Bulgaria ,the following information is important:

• Bulgarian national currency  is BGN(lev), fixed exchange currency – 1EUR = 1,95583 BGN
• There is a possibility for exchange of goods and services within the EU countries without double taxation.
• The minimum capital for registration of company is 1 EUR.
• The process of registration of company is no longer than 10 days.
• Corporate income tax is fixed and equal to 10%.
• Value added tax is equal to 20%.
• Dividend tax is equal to 5%.
• The manager of the company is obligatory to be local or foreign individual and the owner of the capital could be local or/and foreign individual or legal person.

To start business in Bulgaria you need:

• Unique name of the company
• Real current address of the company on the territory of Bulgaria
• Bank account in Bulgaria
• Accountant or accounting company for the taxation
• If the manager of the company is foreign individual, it is obligatory to have issued personal account of foreigner- we can support upon request.
• To have company seal

More for How to start business in Bulgaria?

Tax Rates in Bulgaria

• Personal income tax- 10%. The rate is charged on gross salary minus social contributions payable by the employee 
• Social security contributions for the employee - 12,9%. Min chargeable amount is 420 BGN and maximum is 2 400 BGN. 
• Social security contributions for the employer- 17,8 – 18.5%. The rate may vary depending on the employer’s type of business. Min chargeable amount is 420 BGN and max is 2 400 BGN 
• Corporate income tax - 10% 
• For legal entities Dividend tax - 5% 
• VAT - 20%

More about starting a business in Bulgaria

or

e-mail:  office@leadconsult-bg.com
facebook page: https://www.facebook.com/BusinessAdvantagesBulgaria 
skype: lead.consult

Tel: ( 359 2) 426 40 25
Mob:  (359) 888 833 408

Comparison - Tax Rate

Only Bulgaria and Cyprus have a total tax liability 30% or lower in comparison to all other countries.

About Bulgaria?

Location- Europe, Balkans

Capital and largest city – Sofia

Official language – Bulgarian, Second language – English

Currency- BGN (lev), fixed exchange currency – 1EUR = 1,95583 BGN

Population - 7 364 570 millions

Parliamentary republic with 73% urban population

Countries bordering- Romania, Turkey, Macedonia, Greece, Serbia and Sea border-Black Sea