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When it comes to doing business in Bulgaria, the country stands out as a dynamic and attractive market for businesses seeking expansion in Eastern Europe. With a skilled workforce powering its leading industries such as telecommunications, logistics, retail and manufacturing, the country offers robust opportunities for growth and innovation.
The favourable regulatory environment is reflected in streamlined company formation processes, competitive corporate and personal tax rates, and a range of investment incentives prioritising key sectors like retail, real estate and energy. Bulgaria’s labour laws facilitate easy access for both EU and non-EU talent, while its transparent tax system supports both established enterprises and new ventures.
Collectively, these advantages make Bulgaria an appealing destination for investors and entrepreneurs aiming to capitalise on a growing economy and stable business climate. In our infographic, we provide a brief overview of they key areas for better decision-making.
Our free eBook on international expansion was created in cooperation with our global business community, Accace Circle, providing basic yet valuable information from 17 countries. Breeze through the specifics of doing business across different markets and compare key data that may be crucial for your ambitions of international expansion.
Most common industries:
Industries favoured by investment incentives:
Most common legal form of business: Limited liability company
Required no. of shareholders: at least 1
Required no. of directors: at least 1
Official company registers: www.portal.registryagency.bg/
Who are tax residents: companies incorporated in Bulgaria
Tax period: calendar year
Due date for CIT return: between March 1 and June 30 of the year following the calendar (tax) year
0% applies to services explicitly regulated by law
VAT registration for residents: mandatory if taxable turnover in Bulgaria exceeds BGN 100,000 in any 12-month period.
VAT registration for non-residents: mandatory when they are planning to perform activities in Bulgaria for which VAT is due, regardless of threshold.
Other applicable taxes:
Who is entitled to work in Bulgaria:
Types of employment contract:
* On income acquired in a seafarer capacity
Who are tax residents: Individuals who have a permanent address in Bulgaria, stay in the country longer than 183 days in a 12-month period, who are sent abroad by the Bulgarian government, or whose centre of vital interests is situated in Bulgaria.
Tax period: calendar year
Due date for PIT return: between 10 January and 30 April for most, or 1 March to 30 June for sole traders and farmers.
Taxable incomes in Bulgaria: employment and self-employment income, capital gains, rental and other income, e.g., sale of agricultural products
Expanding internationally or entering the Bulgarian market can be straightforward when you have the right support. Doing business in Bulgaria presents unique opportunities and challenges, but with the guidance of experienced professionals, you can navigate the local landscape with confidence. Whether you’re launching your business for the first time or looking to grow your existing company, our team of local Bulgarian experts is here to help you create tailored business solutions.
We offer comprehensive advisory and BPO services in Bulgaria to ensure your tax, legal and corporate matters, as well as accounting, reporting, payroll and HR operations, are not only efficient and precise, but also fully compliant with all Bulgarian regulations and requirements.
Market entry support | Tax advisory and compliance | Legal advisory | Accounting and reporting | Accounting portal | Payroll outsourcing | Payroll portal | Attendance portal | HR administration | Transaction advisory | Transfer pricing | Company registration | Corporate and secretarial services | ESG reporting | Online consulting | Fixed service packages
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and approximately 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
