Reasons Why You Should Start A Company in Bulgaria

Bulgaria is a business hub that is attracting many companies from all over the European Union and offering them conducive environment to expand and grow their business. The country is least affected by the high property process, high fuel costs, and high business running costs and this makes it a best place to start a company in Bulgaria. One of the biggest reasons why Bulgaria is attracting foreign investors is that the property is available at affordable prices. Even the government is favoring the growth of economy and has made the laws conducive for the expansion of foreign businesses. The government facilitates the opening or setting of companies by lowering the business taxes and capital gain taxes. The country has controlled laws that encourage the foreign investors.

The biggest advantage of starting a company in Bulgaria is that the corporate laws do not discriminate with the foreign firms. Any foreign firm that establishes itself in this part of the European Union enjoys the same privileges as enjoyed by locally-owned companies. They are even subjected to the same regime, regulations, policies, laws, and taxation. If you are willing to get a company registered in Bulgaria, then you have another reason to invest that is you need low capital to start a company in Bulgaria. You require only 2BGN to register a limited partnership company or a single member limited liability company. This is quite low and affordable as compared to other countries that charge hefty registration charges.

The process of registering the company is quite simplified and you can even register a company in Bulgaria without actually being present in the country. You can do this through a power of attorney. The foreign companies are not even required to be registered members of any organizations or trade unions. Once your company begins operations and starts earning profits, you can send the profits back to the home country without any legal restrictions and hassles.

Many companies assist investors with the starting of company in Bulgaria. Olsen and Partners is a firm that helps you in company creation and offers all types of support in establishing a business in Bulgaria. They can handle the entire company creation task on your behalf and do the needful. They strive to make your company functional within 5-7 business days. The company helps you save money and effort. You can contact the team for effective creation of company and help you deal with other aspects of business such as accounts and taxes, etc.

Olsen and Partners is a reputed company that offers payroll services, accounting services, tax services, business finance and advisory services, etc. They even help with company formation in Bulgaria. They strive to offer personalized services.