There are a lot of reasons to start a business in Bulgaria, one of the most obvious concern the income tax that doesn’t exceed the 10%,but it does not stop there. In fact, Bulgaria benefits from a straightforward and uncomplicated bureaucracy designed to generate wealth. It’s only when you start doing a business that the advantages offered by Bulgaria become apparent. Just to name a few, Romania boasts an efficient, yet not oppressive, tax system and salary levels that are 70% lower than in Italy. Vehicle tax and management cost for a business powerful engine vehicle doesn’t exceed €300,00 per year. .
Currently, Bulgaria tax system is the lowest in Europe. Indeed, the attitude of the state treasury, contributes to generate a relaxed working environment between businessmen and employees. However, there are instruments created to counteract tax evasion. Some fiscal advantages are: 10% company income tax (IRES) applicable to all local society regardless of the state origin of administrators and associates. 0% company income tax in areas with high level of unemployment. 5% tax on dividends for associates as natural person. 0% if the associates are legal person with a resident status in a different EU country. Tax concerning dividend, if the associate is not resident in Bulgaria for tax purposes, but in Italy, it is likely that the norm against the double taxations finds a field of application of duty in addictions to the Bulgarian tax legislation Our experience in this field, allowed to guarantee you a quietly accounting management. reducing the fiscal pressure. .