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Bulgaria

Bulgaria Flag

Country: Bulgaria
Region: Europe
Currency: Lev (BGN)
Languages: Bulgarian
Time Zone: UTC +2

Phone Code: +359

Communications: Good

Formation Cost: 3000 - 5200 USD$
Formation Time: 4 - 6 days
Maintenance cost: 1800 - 2800 USD$

Executive Summary: Bulgaria suffered from high inflation, mismanagement of the economy and corruption after the fall of the Soviet Bloc in 1989. However, effective economic reforms were forced on the country prior to accession to the EU. Although inflation has fallen, at an average rate of 4% it still remains a problem. The transport infrastructure of the country is less advanced than in other emerging European countries. Taxation is low, and a 0% corporation tax rate is available to manufacturing companies willing to locate in areas of high unemployment, while state grants and tax credits are also available in certain circumstances. A real estate boom in the early years of the century has gone into sharp reverse.

Suitable for: Shipping, Yachting, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, general partnerships, limited partnerships, branches and sole proprietorships

Capital primary business districts: Sofia

Good Relationships: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 10%, PIT 10%, VAT 20%

Treaty Jurisdictions: Albania, Algeria, Armenia, Austria, Azerbaijan, Bahrain, Belarus, Belgium, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Gabon, Georgia, Germany, Greece, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Republic of, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Mongolia, Montenegro, Morocco, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Russia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Syria, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Vietnam, Zimbabwe

TIEA Jurisdictions: None

Information Links:

 

 

 

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