TKEG Expat ™ Business Guide

Republic of Bulgaria

Corporate Services in Bulgaria
Business-Friendly Environment:

Bulgaria offers a low corporate income tax rate (10%) and personal income tax rate (also 10%), which are among the most competitive tax rates in the European Union. Additionally, Bulgaria has signed double taxation avoidance agreements with nearly 70 countries, further reducing the tax burden for multinational operations and providing a stable and predictable tax environment for international companies conducting business in Bulgaria.

Supportive Governance:

The Bulgarian government has implemented a range of support measures for foreign direct investment, including favorable tax policies and low social security contributions, which help companies reduce overall labor costs. Bulgaria's stable currency (the lev, pegged to the euro) also provides a highly predictable financial environment for businesses.

Close Ties to the European Market:

As a member of the European Union, Bulgarian businesses can benefit from convenient access to the EU market and trade advantages, making Bulgaria an ideal gateway to entering the European market.

Tax and Fiscal Support:

In addition to low tax rates, Bulgaria also offers various business-friendly tax incentive measures, such as a lower value-added tax rate (9%) applicable to hotel services, and various tax relief policies designed to promote investment and innovation. These policies collectively create a favorable tax environment for business growth and innovation.

Administrative Regions

01 - Blagoevgrad Province
02 - Burgas Province
03 - Varna Province
04 - Veliko Tarnovo Province
05 - Vidin Province
06 - Vratsa Province
07 - Gabrovo Province
08 - Dobrich Province
09 - Kardzhali Province
10 - Kyustendil Province
11 - Lovech Province
12 - Montana Province
13 - Pazardzhik Province
14 - Pernik Province
15 - Pleven Province
16 - Plovdiv Province
17 - Razgrad Province
18 - Ruse Province
19 - Silistra Province
20 - Sliven Province
21 - Smolyan Province
22 - Sofia City Province
23 - Sofia Province
24 - Stara Zagora Province
25 - Targovishte Province
26 - Haskovo Province
28 - Yambol Province

Belonging Jurisdiction

Republic of Bulgaria
BG - Bulgaria
Republic of Bulgaria
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European Economic Area
EEA - European Economic Area
European Economic Area
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European Union
EU - European Union
European Union
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Earth
WORLD - Global
Earth
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