Doing business in Bulgaria. Entering the Bulgarian market.

Our services

Save your business tens of thousands of dollars
when entering the Bulgarian market

Save your business tens of thousands of dollars
when entering the Bulgarian market

Learn more about our services Learn more about our services

Market research

We will conduct a comprehensive market study of Bulgaria to identify your target audience, competition, and market trends. We will provide insights into the preferences and buying behavior of Bulgarian consumers.

Market research

Business plan & strategies

We will set goals and objectives for your business in Bulgaria, develop a strategy to achieve them, and carry out financial planning.

Business plan & strategies

Business setup consultation

We will develop customized recommendations for entering the Bulgarian market. You will gain a clear understanding of your target audience, learn the strengths and weaknesses of key competitors, and get to know the specifics of the local market. We will explain in detail the key steps for a successful launch and sustainable growth.

Business setup consultation

Positioning strategies

We will create an accurate profile of your target audience, focusing on their needs, motivations, and behavior. This will help you better adapt your product, increase conversion, and build effective communications. We will also analyze key market trends and develop a positioning strategy that ensures stable growth and a competitive advantage in the market.

Positioning strategies

General information

Population
6,900,000 people
Official language
Bulgarian
Main religion
Christianity
Currency
Bulgarian lev (BGN)
Time zone
UTC+2

Economy of Bulgaria

GDP per capita
12,221 USD
Economic growth
3,9%
Unemployment
5,42%
Inflation
13%
Investment inflow
2.12 billion USD

Business in Bulgaria

Popular type of legal entity
Limited liability company (LLC)
Minimum number of shareholders
1
Company registration period
1 week
Minimum share capital
1 USD
Restrictions for foreigners on starting a business
No
A local director is required?
No. However, a legal representative must be appointed, who is either a Bulgarian citizen or a foreigner with permanent residence in the country
Corporate tax
10%
VAT
20%, with reduced rates of 9% and 5% for certain goods and services

Advantages and disadvantages

Advantages
strategic location, favorable tax regime, growing economy, affordable labor, access to EU markets, low cost of living and doing business
Disadvantages
corruption, bureaucracy, insufficient legal protection, shortage of skilled labor and language barriers, regional differences in infrastructure development