Are you tired of paying high corporate taxes and dealing with complex tax systems? Bulgaria might be the solution you’ve been looking for. With a corporate tax rate of just 10%, Bulgaria offers one of the most competitive tax systems in Europe. But that’s not all – Bulgaria’s strategic location in Southeast Europe makes it an ideal hub for IT and logistics companies looking to expand their business.
Bulgaria’s IT industry has been growing rapidly over the past decade, and it has become one of the fastest-growing sectors in the country. The country is home to a highly skilled and affordable workforce, with a large pool of tech talent that speaks English and other languages. Bulgaria has a thriving tech ecosystem, with a growing number of startups and established companies. Some of the world’s leading tech companies, such as HP, VMware, and Cisco, have established offices in Bulgaria. The country is also home to a number of world-class tech universities and research centres.
For IT companies, Bulgaria provides access to a highly skilled and affordable workforce, as well as a favourable business environment. The country offers a low cost of living and doing business, which translates into lower operating costs for companies. In addition, Bulgaria’s tech companies benefit from various government programs and incentives, including a reduced tax rate for research and development activities.
Logistics companies also find Bulgaria an attractive destination due to its strategic location at the crossroads of Europe and Asia. The country has modern infrastructure, including major highways, airports, and seaports, making it easy to connect with other parts of Europe and beyond. Bulgaria’s ports offer access to the Black Sea and the Mediterranean, which are important routes for trade with Asia and the Middle East. Bulgaria is also a member of the European Union, which means that companies can take advantage of the EU’s customs union and free movement of goods.
Of course, as with any business decision, there are risks and considerations to keep in mind. Our team of experts can help you navigate the legal and regulatory landscape in Bulgaria and develop a tailored strategy that meets your specific business needs. We offer a free consultation to help you understand the benefits and risks of incorporating your business in Bulgaria.
Don’t let high taxes and complex regulations hold your business back. Explore the benefits of offshoring to Bulgaria and take your business to the next level. Contact us today to schedule your free consultation.