Starting a business in Bulgaria offers significant advantages for foreigners. Bulgaria has one of the lowest corporate tax rates in the European Union — 10%, much lower than the European average of around 23.5%. Dividend tax is also very low at 5%, compared to the European average of around 20%. The growing demand for quality businesses in Bulgaria, especially for small and medium-sized businesses, offers a unique opportunity to enter a market that is still developing and not saturated with high-end businesses.

Starting a business in Bulgaria poses several challenges for non-Bulgarian residents. Navigating the business laws and legal requirements in Bulgaria can be difficult without local knowledge. Non-Bulgarian residents need to prepare and submit a variety of documents, including ID cards and business plans, and the translation and recognition of these documents adds to the complexity. Opening a business account can also be challenging due to strict requirements and potential delays. Understanding the local market and establishing contacts can be complex without local experience.

At Kontinum, we simplify the process of starting a business in Bulgaria for small and medium-sized businesses. We provide professional advice on business laws and legal requirements in Bulgaria, ensuring efficient navigation at every stage. Our team helps with the preparation, translation and recognition of all necessary documents, ensuring they meet local standards. We also assist with opening a business account, resolving potential issues and speeding up the process. We provide valuable recommendations on the local market, helping to understand demand, establish contacts and successfully stabilize your business.