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Q&A: 8 Answers for Establishing/Expanding a Company in Bulgaria | Case of Bulgaria

Η ΕPIDOSIS has a physical presence in 3 countries,

tell us a bit about this and your company.

The company EPIDOSIS has offices in Greece (Athens and Thessaloniki) and abroad in Cyprus and Bulgaria (Sofia and Petrich). We employ 43 staff with various specialties across all countries, managing and serving over 1000 businesses in both Greece and abroad.

What is your opinion on choosing the right location for an entrepreneur?

In modern financial developments, businesses constantly seek new opportunities. The choice of the right location for establishing or expanding a business is more critical than ever, and Bulgaria stands out in this regard. You mentioned Bulgaria.

Why should someone choose Bulgaria for their company’s establishment? What advantages does its external orientation provide?

Bulgaria offers favorable conditions with a low tax rate of just 10% and a stable tax system. As a member of the European Union since 2007, it has signed double taxation avoidance agreements with most member states. Notably, low operating costs combined with minimal bureaucracy make Bulgaria an attractive choice.

Can you provide an example (case solution) of one of your clients?

Mr. Vasilis R. from Thessaloniki approached us to establish a drop-shipping company through his e-shop for selling watches. After a comparative tax analysis between Greece and Bulgaria, he would gain an additional profit of 8.000 euros by choosing Bulgaria, which he did.

What should one pay attention to when establishing a company abroad, specifically in Bulgaria?

It’s crucial to align the company with the local tax and insurance legislation. To ensure the proper functioning of your business, we provide necessary services for the Physical Seat of your Company, including office space rental, utilities, internet connection, shared office services in the name of the company, website creation in Bulgarian, and more.

You mentioned financial analyses through a comparative table. What other useful tools do you use to guide the entrepreneur correctly?

Financial analysis doesn’t stop at the comparative table; we delve into Cash Flow Planning and Monitoring.Our financial advisory team at EPIDOSIS, with extensive experience, oversees the cash flow of your business, ensuring liquidity and effective cash flow planning tailored to your business activity.

We create the appropriate financial tools exclusively adapted to the specifics of your activity which capture your cash situation on a daily, monthly and yearly basis. Our goal is for you to know in detail where the company’s money is going, whether it is collections or payments. But above all, you will know what is left “at the end of the day” to exploit.

Why should someone chooseEPIDOSIS for establishing a company in Bulgaria?

Simply put, if an entrepreneur wants to acquire the opportunities offered by Bulgaria EPIDOSIS is the perfect partner! Our years of experience, hundreds of clients, and physical presence in two cities in Bulgaria, Sofia & Petrich, demonstrate our commitment to helping, guiding, and supporting clients at every step of their business journey. As always, our clients’ success is our success!

You can send us a message on the Contact Form  or you can call at our offices in Athens   2106810690 on in Thessaloniki 2310477725 to set the date of the seminar.

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