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

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