Let say that you have a successful business in your country. Perhaps you are in some developed European country. You have demands, your business is growing, you want reinvest your profit but taxes, wages, social security expenses are so much they ate almost everything you get.  Do you know that you can move your business to some other country without living your office, your factory? You can relocate your company in another country with lower taxes, less social security payments, cheaper workforce.

Here you ca see the corporate tax rate in Europe. As you see Bulgaria has the lowest tax rate.  Income tax for individuals is also the lowest with the rate of 10%. The VAT is 20%.

Many companies from Italy, France, Spain relocate their businesses in Bulgaria. Those companies they still trade with their clients the same way, in the same offices and stores. They just provide invoices from Bulgaria, they received payments in their account in Bulgarian bank, they have virtual office in Sofia, with real accountant and lawyer that look after the paperwork and all details.

Here you can see more details about the the rates procedures corporate tax, income tax, property taxes, social security payments, VAT.

To have that we can help:

1. Register you company
2. Provide address of your company
3. Find office space of residential place for you
4. All necessary legal advice
5. Accountancy and bookkeeping

More detailed information in this article.

Visa regulations vary by passport country. Citizens of EU countries and few others, including the United States, Canada, Ireland, Australia, and New Zealand enjoy visa free travel in Bulgaria for up to 90 days in any six month period. See the Bulgarian Foreign Ministry visa requirements chart to find out the specific rules for your country.

There is more English being spoken every day. In the major cities, you can almost always find someone who speaks a little English. In Sofia, almost all young people understand some English, even if they are shy about speaking. English is a rarity among the older generations, and less common outside the major cities and resorts. It is not uncommon in towns and villages to have no English speakers around.

Persons crossing the borders of the Republic of Bulgaria in either direction must fill out and present to the customs authorities a "currency customs declaration" if they import or export the following: Cash/Currency Travelers entering Bulgaria with more than 5,000 Bulgarian Leva or the equivalent in either foreign currency or traveler's checks must declare the cash and/or checks to Customs officials upon arrival. You may check the daily exchange rate here. The declaration should be filled out in three copies (items 1.1 and 1.2 of the declaration must be completed). Travelers who attempt to leave the country with the equivalent of 25,000 Bulgarian Leva or more must complete a Customs declaration, on which they must state the origin of the money, and present a certificate from the Bulgarian regional internal revenue service proving they do not owe taxes, unless the sum is less than the amount originally declared when brought into the country. In the latter case, travelers must present to the customs authorities the customs declaration that was endorsed at the time of their last entry into the country; this declaration is considered to be valid for export of Bulgarian and foreign currency until the person leaves the country. Precious metals Precious metals, including articles made from precious metals, in quantities exceeding (item 2 of the declaration):

• 37 g of raw and semi-processed gold and platinum, including coins
• 60 g of jewels and accessories made of gold and platinum
• 300 g of raw and semi-processed silver, silver coins, jewels and accessories.
• Unmounted precious stones not incorporated in the above-mentioned jewels and accessories (item 2 of the declaration)

Other forms of precious metals or stones, or articles made from them, for example, powdered precious metals, articles made from precious stones and others (item 2 of the declaration). A declaration must also be completed and presented to the customs authorities if travelers are exporting any articles made of precious metals and stones (no matter what kind or size), which are considered to be of cultural value (item 2 of the exit declaration). The export permission number and date of its issuance must be entered in the specific field provided for this purpose on the exit declaration.

Every foreigner is obliged to carry his passport (or Bulgarian residency permit) while staying in Bulgaria. Every Police office has the right to stop you for a routine check on the street and you need to present him both, your passport and the address card. In case you do not have a valid passport the Police officer has the right to detain you for up to 48 hours with the purpose of identification. IMPORTANT NOTE: You need to carry your passport (or Bulgarian residency permit), not a copy of it and not any other type of ID.

While you are traveling in Bulgaria, you are subject to its laws and regulations. Foreign laws and legal systems can be vastly different from our own. Persons violating Bulgarian laws, even unknowingly, may be expelled, arrested, or imprisoned. Penalties for possessing, using, or trafficking in illegal drugs in Bulgaria are severe; convicted offenders can expect long jail sentences and heavy fines. In Bulgaria, driving under the influence could land you immediately in jail. If you break local laws in Bulgaria, your foreign passport will not help you avoid arrest or prosecution.

While in Bulgaria, individuals with disabilities may find accessibility and accommodation very different from what you find in your own country. Local law requires improved access to buildings for people with disabilities, and new public projects take this requirement into account; however, this law is rarely enforced in older buildings. Bulgarian law prohibits discrimination against people with physical and mental disabilities in employment, education, access to health care, and the provision of other state services.

Bulgarian medical providers are trained to a very high standard, but most hospitals and clinics, especially in village areas, are not equipped or maintained to Western European standards. Basic medical supplies, over-the-counter and prescription medications are widely available, but highly specialized medication and/or treatment regimens may be unavailable. If you are in need of emergency services for an infant/child, please call ahead to ensure those services will be available. Additionally, if you are calling the Bulgarian Emergency Services (telephone number 112) and requesting an ambulance, please be aware that response times can take a while.

The currency in Bulgaria is the Bulgarian lev (BGN). The economy is primarily cash-based. Euros are widely accepted and may be exchanged at recognized establishments. Automated banking machines are widely available and credit cards are widely accepted. Major hotels accept foreign-currency traveller’s cheques. The Banks in Sofia can process money transfers from abroad.