There are many great reasons for setting up a business in Bulgaria.
One of them is that Bulgaria has one of the lowest corporate tax rates in the European Union, at just 10%. This makes it an attractive option for businesses looking to reduce their tax burden. Also, Bulgaria has a highly-educated and skilled workforce, with a large pool of computer scientists, engineers, and other professionals.
Another great reason is that Bulgaria is that the country is centrally located in the Balkans and has access to many of the key markets in the region, including Turkey, Greece, and Romania.
Furthermore, Bulgaria ranks highly in the World Economic Forum’s Global Competitiveness Report, with a strong focus on business innovation and technology.
Also, Bulgaria has several government and private funding programs available for businesses, making it easier to finance new projects.
Other great reasons for setting up a company in Bulgaria are the low labour costs and low cost of living. Bulgaria has some of the lowest labour costs in the world, making it an attractive option for businesses looking to reduce expenses. Also, Bulgaria has a relatively low cost of living compared to other European countries, making it an attractive option for entrepreneurs and investors.
Additional benefits for setting up a business in Bulgaria include Rolling Currency, EU Membership, Infrastructure and Efficient Government.
The Bulgarian lev is pegged to the euro, making it easier for businesses to manage their finances and transfer money internationally. Also, Bulgaria is a member of the European Union, allowing businesses to benefit from the free movement of goods, services, and capital. Furthermore, Bulgaria has excellent infrastructure, with good roads, railways, and ports, making it easier for businesses to transport goods and services. Additionally, Bulgaria has a well-functioning government that supports businesses and provides a stable and predictable business environment.
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