Our own experience has shown us that starting a business in another country and in new markets can be a challenging task, often accompanied by unexpected surprises and obstacles. That’s precisely why we established ABBA – to share our experience, advice, and valuable contacts to support and guide those embarking on this journey. With our expertise, we can help you navigate the process, identify the essential first steps, and adhere to best practices to avoid common mistakes.
Did you know that:
Bulgaria has one of the lowest corporate tax rates in the world. Only 10% is the amount of the so-called flat tax, which is levied on all profits, regardless of their size.
In Bulgaria, for the purposes of establishment of a company (regardless of the form - joint-stock company, collective company or limited liability company), a specially designated account called “collection account” must be opened in a bank that has a branch in our country. However, in order to be opened a collection account on behalf of a foreign person, a mandatory check under the Anti-Money Laundering Measures (AML)Act, analysis, verification and identification of the ultimate beneficial owner of the capital and a number of other formalities are required, which require time, knowledge and resources. Our team of lawyers will help make the process go smoothly.
If a significant investment is made in Bulgaria, the investor may receive investor class certification, which provides significant advantages, such as a simplified regime for receiving administrative services, reduction of the amount of social security, etc.
Bulgaria is among the countries with the fastest mobile internet in the world.
Bulgaria becomes more and more popular on the international business market each year especially for the IT sector, quite often Bulgaria is also called “the IT hub on the Balkans”.
