1. What is the suitable location for an entrepreneur?

In modern financial trends, businesses are constantly seeking new opportunities and possibilities. The choice of the right location for establishing or expanding a business is more critical than ever. And this is where Bulgaria comes to the fore.

2. Why choose Bulgaria for establishing one’s company? What advantages does this extroversion provide? What advantages does its external orientation provide?

Bulgaria creates the appropriate conditions with a low tax rate of just 10% and a stable tax system. As a member of the European family since 2007, it has signed double taxation avoidance agreements with most member states. Of course, we cannot overlook the low operational cost combined with minimal bureaucracy.

3. 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 watch trading. Through a comparative tax analysis between Greece and Bulgaria in his case, the gain was an additional €8,000, because he chose Bulgaria.

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

Next, we proceed with building the company’s presence in Bulgaria, as it is important for the company to align with the current tax and insurance legislation. To ensure the proper functioning of your business, we suggest ways to establish the Substance of the Company, which is strengthened by:

• Renting a professional office space
• Electrical and water supply for it
• Office common expenses in the name of the company
• Internet connection
• Mobile phone connection
• Creating a website in Bulgarian
• Registering a domain name & hosting
• Corporate email account expenses associated with your company’s website
• Business catalogues
• Office equipment purchase
• Creating corporate identity

All of the above are business tools that provide substance to your business in terms of the tax mechanism

5. What process is followed after the establishment of a company in Bulgaria?

Immediately after the company is established, we conduct a tax seminar for the entrepreneur, adjusting the Tax and Insurance obligations to the state of Bulgaria. The tax seminar is repeated annually and ad hoc, in case there are changes and modifications.

We proceed with an analysis of the comparative chart illustrating the tax and insurance burdens, resulting in the net income of the entrepreneur.