Why Invest in Bulgaria

Bulgaria is a growing EU market offering attractive conditions for Italian SMEs.
- Flat tax: 10% corporate, 5% dividends. No wealth or inheritance taxes.
- Low operational costs: energy, rent, and services.
- Strategic location between Europe and Asia.
- Integrated European banking system.
- Business-friendly and digitalized public services.

Company Formation and Management

Opening a company in Bulgaria is simple, fast, and affordable.
- Forms: Ltd. (OOD), Sole Ltd. (EOOD), JSC (AD).
- Setup in 5–10 working days.
- Minimum capital: around 1 EUR.
- Foreign managers allowed.
- Accounting can be outsourced.

Import/Export and Logistics

- No intra-EU duties.
- Developed infrastructure: ports, airports, highways.
- Economic zones with incentives.
- Rail links to European corridors.

Labor and Human Resources

- Skilled, multilingual workforce.
- Up to 60% lower labor costs than Italy.
- Strong technical education.
- Flexible social security system.

Recommended Investment Areas

- Sofia: capital, financial hub.
- Plovdiv: manufacturing and logistics.
- Varna & Burgas: ports and tourism.
- Others: Ruse, Stara Zagora, Veliko Tarnovo.

Legal and Tax Aspects

- EU-harmonized regulations.
- Double taxation treaty with Italy.
- VAT: 20% standard, 9% for tourism.
- Contracts valid in foreign languages with translation.

Real Estate and Operational Spaces

- Affordable rents and purchase options.
- Foreigners can buy via local company.
- Furnished offices, coworking, and industrial sites available.

Marketing and Local Sales

- Language and cultural adaptation.
- Advertising on local media and social platforms.
- Trade fairs and online marketplaces.
- Customer service in native language.