Bulgaria

Bulgaria is the country with the lowest maintenance costs for the company and easiness of doing business. If your trade is outside Bulgaria, you will not have problems with obtaining VAT number of getting a bank account as it has become difficult in most of the other EU jurisdictions.  Bulgaria is competitive in a term of employing in the EU. They have very low minimum wage (around 230 EUR) and most population speaks English language.

The Bulgarian economy is in the development, so they are standing quite competitive on the market with similar countries. You will easily find the cheapest real estates here among all the EU countries. As the country is in development, this can be quite a good investment.  Bulgaria is in a plan to enter the Schengen area by no later then 2020.

Even though Bulgaria is on the high place in the list of most corruptive countries in the EU, their low tax regime and low maintenance costs are perfect in a term of entering EU market.

Corporate tax VAT
10% 20%

Limited liability company

OOD/EOOD

Minimum Share capital

2 BGN

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

No

Bank signatory must travel

In some cases

Timescale for company formation

10 days

Timescale for bank account opening

4 day

Timescale for obtaining VAT number

7 days

Statutory audit requirements

Yes

Shelf companies available

Yes

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