Business in Bulgaria



Are you eyeing the vibrant opportunities for your business in Bulgaria but unsure where to start?

Your journey to success begins here! At Indeso, we specialize in providing tailored services to guide businesses like yours through the intricacies of entering and thriving in the Bulgarian market.

How we can help

  1. Market Research:
    • Gain invaluable insights into the Bulgarian market landscape with our market research services. We delve deep into market trends, consumer behaviors, competitor analyses, and regulatory frameworks to furnish you with insights crucial for informed decision-making and effective strategy development.
  2. Business Plan Development:
    • Forge a robust business plan that lays the groundwork for the success of your business in Bulgaria. Our consultants collaborate closely with you to craft a customized business plan encompassing your objectives, market entry strategies, financial projections, and more. Armed with our guidance, you’ll possess a roadmap to navigate the Bulgarian market confidently.
  3. Marketing Strategy:
    • Set yourself apart from the competition and captivate the Bulgarian audience with a strategic marketing strategy. We aid in identifying your unique value proposition, delineating your target market segments, and devising compelling messaging that resonates with Bulgarian consumers.
  4. Coaching and Support:
    • Receive personalized coaching and unwavering support every step of the way. Our team of professionals offers expert guidance, actionable insights, and continual assistance to ensure your triumph in Bulgaria. Whether you seek aid with market entry strategies, business expansion, or overcoming obstacles, we’re here to empower you to realize your aspirations.

Eager to unlock the boundless opportunities awaiting you in the dynamic Bulgarian market? Contact us today to explore our services further and discover how we can bolster your endeavors. Together, let’s embark on a journey of prosperity and success in Bulgaria!

General information

Capital: Sofia

Population: 6,900,000

Official language: Bulgarian

Main religion: Christianity

Currency: Bulgarian Lev (BGN)

Time zone: UTC+2

Economy of Bulgaria

GDP per capita: $12,221 

Economic growth: 3.9%

Unemployment:  5.42%

Inflation: 13%FDI Inflow: $2.12 billion

Economy of Bulgaria

Popular type of legal entity: Limited Liability Company (LLC)

Minimum number of shareholders: 1

Terms of company registration: 1 week

Minimum share capital:  $1

Restrictions for foreigners to start a business: No

A local director required: No. However, a legal representative must be appointed who is either a Bulgarian citizen or a foreigner with permanent residency in the country

Corporate tax: 10%

VAT: 20%, with reduced rates of 9% and 5% for certain goods and services

Benefits and challenges 

Benefits: strategic location, favorable tax regime, growing economy, low labor costs, and access to EU markets​

Challenges: corruption, bureaucracy, insufficient legal protection, skilled labor shortage, and language barriers

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