BULGARIA COMPANY FORMATION

Bulgaria Company Formation

Setting up branches of existing company or register a new one in a foreign country may be on your mind. However, zeroing in on the right country may seem a tad difficult at times. Bulgaria is a good option in this regard. Like several other entrepreneurs you can start operations the country. The economic scene, favorable conditions and flexible tax norms make Bulgaria ideal for any business or company owner seeking expansion. The country has a moderate climate-all over the year. A number of large UK based companies like GlaxoSmithKline, William Hughes already operate here and more are spreading network.

When you plan for business expansion in any nation, analyzing the economy and growth trends is necessary. In this regard, Bulgaria is a good contender. The Bulgarian economy was affected big time in 2009 owing to global economic meltdown but things have changed for better since that time. The GDP growth reached 1.7% in 2014 which is indicative of sustained economic recovery. The sectors like tourism and services have shown signs of growth with consistency in last few years. The GDP of Bulgaria is expected to rise by a margin of 3.7% in 2018.

The government and political scene in the country is stable and this is definitely encouraging for venture owners seeking expansion and growth. The other factors that should work in favor of your business expansion include multilingual, skilled labor, high overall literacy rate and approachable people. The fact that Bulgarian currency lev has link with Euro is an assurance for stable monetary system.

Not all countries have similar trade agreements with leading countries. This is one factor you cannot overlook when thinking of taking business to different countries. The nice thing about Bulgaria is it is member of entities like the WTO and EU. It enjoys privilege of free trade agreements with a number of countries including Macedonia, Turkey, Croatia, Bosnia and Herzegovina, and Serbia etc.

The legislation of the country is similar to the EU legislation-which is ideal from business expansion or startup perspective. You can set up Franchises and legal protection for copyrights and trademarks are available. The tax rate for corporations is low. Cost of living is also on lower side.

Despite the numerous advantages of starting a venture in Bulgaria, you may need expert assistance to make the business profitable. In this context, the BRIS Group is the ideal companion. With our assistance, your dream of expanding business to Bulgaria will be a smooth affair.