In recent years, economic relations between Bulgaria and Romania have grown deeper and deeper. There is also a growing need for competent accounting advice and services and legal protection.
Why choose Bulgaria to start a business and why exactly in Ruse? We traditionally call Ruse the most European city in Europe, the largest city on the Danube. It has a rich historical past. Founded during the reign of Emperor Vespasian, the city was called Segsaginta Prista – the city of 60 ships. It is famous for its many preserved architectural monuments from the late 19th, early 20th century. It is also known as Little Vienna. The first Bulgarian newspaper was printed here, the recipe for one of the best cakes – Garash – was created here, the first bank and insurance company was opened here, as well as the first cinema of the Lumiere brothers, the first pharmacy and the first open bookstore. To this day, Ruse has remained a benchmark for the cultural community of Bulgaria and a major logistics center. Strategically located 75 km away from Bucharest and 3 km away from Giurgiu, Romania.
Bulgaria has one of the lowest taxes in the European Union. This view is based on comparing the rates mainly of Corporate Tax and Income Tax with the corresponding ones in countries such as Germany or Denmark. The corporate tax due is 10% coinciding with the rate of the Income Tax. Dividend tax is 5%. Profit distribution is not mandatory. The law allows profits to be reinvested and then no corporate tax is due.
Taxes people are most concerned about are those that are deducted monthly from income. The actual tax burden that each of us bears includes social security payments, those “at employer’s expense” and those “at employee’s expense”, income tax. In Bulgaria, this burden is 38.39% whereas in Germany it is 52% and in Denmark it is 41%.
The value added tax is 20% in comparison with Germany 19% and Denmark 25%. In Bulgaria, the period for VAT refund is 1 month or 3 months depending on the percentage of intra-community supplies. In case of a good tax history, VAT is refunded without any verification.
Services related to the registration of companies, the field of accounting, permits, and other services in relation to the registration of companies Drawing up documents for registration of companies, corporations, company branches and agencies, including offshore companies after choosing the appropriate ...See more
Address: Ruse, 1 Bogdan Voyvoda Str. Gabrovo, 1 R. Karolev Str., Room 311 Sofia, Vitosha Blvd., № 1 Sofia, Pozitano Str., № 14 Contact phone numbers: Office: +359 82 593 212 Diana Dimitrova: +359 89560 38 28 Zornitsa Dimitrova: +359...See more
We are a team of jurists and accountants specialized in the legal and economic systems of the two states with seats in the two countries. This allows us to offer comprehensive and competent services to you and your economic activity in Bulgaria and Romania. Based...See more
Do you register companies? - DiZi Cont makes registrations of companies, drawing up all necessary documents according to the Commercial Law in conformity with the company's legal form, objects, share capital amount, and choice of managers and members, verifying and reserving the name of the company. What...See more