When someone thinks of launching a start up overseas or expanding an existing business unit in another country, Bulgaria may not be the first option to come to your mind. It is because it wasn't until a few years ago that this economy started attracting the attention of businessmen. But now people are realizing that this country has such a huge set of advantages to offer to companies.
The procedure of company formation Bulgaria happens to be less tedious and cumbersome than any other European site. It is one of the low risk countries in terms of conducting business. It has an extremely stable political environment and the overall risk is lower than anywhere else. Politically speaking this country has NATO membership as well as EU membership. It doesn’t end here. One of the most attractive features why people are drawn to this country for starting a corporate entity is because of the extremely favorable tax routines here.
The rate for corporate income tax is ten percent. Areas where level of unemployment is higher there are no corporate taxes at all. The person has to pay a personal income tax of flat ten percent. There is a five percent tax on liquidation quotas and dividends and zero percent taxation policy on dividends for EU tax residents.
The cost of company creation in Bulgaria and operating it is relatively lower. The workforce here speaks multiple languages which removes communication barrier. Workforce here happens to be highly skilled too. If yours is going to be a priority investment project you may get great financial aid and support from government. Bulgaria is a country that is seen as one of the best destinations for outsourcing business activities.
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