🇧🇬 Country Guide — Bulgaria
Doing Business in Bulgaria — Complete Guide 2025
Bulgaria offers the lowest corporate tax rate in the EU (10%), a strategic location at the crossroads of Europe and Asia, and a growing pool of skilled professionals. Eastrategies® has been supporting foreign investors in Bulgaria since 2000.
Why Bulgaria?
The EU's Most Competitive Tax Environment
Bulgaria joined the European Union in 2007 and offers one of the most business-friendly tax regimes in Europe. With a flat 10% corporate income tax and 10% personal income tax, it consistently attracts foreign direct investment across multiple sectors.
Sofia, Plovdiv and Varna are emerging as technology and business hubs, with a young, educated workforce fluent in English, German and French. Labour costs remain significantly below Western European averages while productivity continues to improve.
- EU member since 2007 — full single market access
- Lowest corporate tax in the EU (10% flat rate)
- Strategic location: gateway to Balkans, Turkey and Middle East
- Growing IT and outsourcing ecosystem
- Competitive real estate and operational costs
- Improving infrastructure and logistics network
Company Setup in Bulgaria
Choose Legal Structure
OOD (LLC equivalent) is most common for foreign investors. Minimum capital: BGN 2 (approx. €1).
Register with Trade Register
Registration takes 3–7 business days via the Bulgarian Commercial Register.
Tax & VAT Registration
Mandatory VAT registration above BGN 100,000 turnover. Corporate tax filing is annual.
Open Corporate Bank Account
Local banking with major Bulgarian and international banks. Remote opening possible.
Hire & Operate
Eastrategies® handles HR, payroll, accounting and ongoing compliance.
Tax Overview — Bulgaria 2025
Key Sectors
Where Bulgaria Excels
IT & Software
Bulgaria is a leading IT outsourcing hub with a highly skilled, English-speaking workforce and competitive costs.
Manufacturing
Automotive components, electronics and textiles benefit from low costs and EU market access.
Business Services
Shared service centres and BPO operations thrive thanks to multilingual talent pools.
Agriculture & Food
Fertile land and EU subsidies make Bulgaria attractive for agri-food investments.
Ready to Enter the Bulgarian Market?
Our team has been operating in Bulgaria since 2000. Book a free consultation with Marc Pascal Huot and get a tailored market entry plan.