Company Registration Services
Advantages to Register in Bulgaria
Bulgaria as a member of EU since 2007 has a strong currency (LEV), economic freedom, positive trends and perfect location (SE Europe).
-EU member since 2007;
-Strong currency (LEV);
-Positive economic trends;
-Perfect location (SE Europe);
-Low costs and taxes for employees;
-Perfect English and Russian speaking staff.
Bulgaria has become a very interesting choice for opening a business due to the geographical positioning, bordering the Black Sea to the east, Romania to the north, Serbia and Macedonia to the West and Greece and Turkey to the south. The country positions itself in south-eastern Europe, with a territory of 110,994 sq. km., being the 14th largest European country.
Simplified registration process
When it comes to opening a business in Bulgaria, one may benefit from many advantages, such as a symbolical minimum required capital, worth 1 Euro, and the simplified registration process. It usually takes a few days for a company to register in Bulgaria, but in some cases, it can take up to two weeks.
However, a key advantage in opening a business in Bulgaria lies in the possibility of using a power of attorney to open the company and it is not mandatory for the founder to be present in Bulgaria when registering the company.
Another important factor is that there are no running costs for the company; therefore, if the company was registered but it does not have any activity, it is not subject to financial obligations. However, the company must submit an annual tax return, a very simple process that can be made using accounting services or directly by the company’s manager.
Companies in Bulgaria use current accounting as costs are not high, but generally companies choose to use services of an accountant once per year, action permitted by the Bulgarian law.
Lowest taxes in Europe
Corporation tax: 10% (the average corporation tax rate in Europe is 25%)
Personal income tax: 10% (the average personal income tax rate in Europe is 40%)
Dividend Withholding Tax: 5% (0% when the European parent/subsidiary directive applies)
Bulgaria has various high rankings, including being the 4th fastest growing economy of the European Union (source: European Commission), fifth place for math specialists (source: world bank), 3th place for the amount of qualified IT specialists per capita (source: American embassy in Sofia) and the 2nd place on the European ranking list for favourable locations for transport companies.
Other Advantages to consider
Promotion for investments in certain sectors
Competitive advantages on the Bulgarian market
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.