Types of companies in Bulgaria
- Limited liability company (OOD)
- Responsibility
- Minimum capital
- Min. number of shareholders
- Generally, recommended for
- Limited liability company (OOD)
- Limited
- 1 €
1
SMEs
- Joint-stock company(AD)
- Limited
- 25,000 €
2
Big companies
- Partnership(SD)
- Unlimited
- No
2
SMEs
- Limited partnership(KD)
- Limited
- No
2
SMEs
- Private company limited by shares (KDA)
- Limited
- No
5
Big companies
Corporate tax rate in Bulgaria
Corporate tax rate in Bulgaria is at 10%. It is the lowest rate in the European Union.
Questions
Why should I incorporate my company in Bulgaria?
- Public debt is low.
- It is a country attractive for tourists.
- Production coast are low, that is why there is a great price / competitiveness ratio.
- Industries are varied.
Which difficulties can be encountered in Bulgaria?
- Bulgaria is touched by political instability.
- Corruption and organized crime are pervasive in Bulgaria; underground economy is estimated to be worth around 20% of GPD.
- Public services and the judicial system are underperforming.
- There is not enough qualified workforce and the population is financially quite poor.
Which are the cultural specificities of the world of work in Bulgaria?
- Nonverbal communication is very important.
- It is common to share business cards.
- Bulgarians like direct communication. It is not advised to talk to them only using emails.
