We help service providers operating globally from Bulgaria run smoothly.
Get in touch to learn how we can help your business grow.
A Trusted Partner for Foreign Service Providers in Bulgaria
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Foreign service providers
Tax Optimization
Accounting
Financial Management
Our Financial Services for service providers Include:
- Tax Minimization Strategies
- Business entity strategies
- Full accounting and payroll services
- Financial management (payments, invoices, etc.)
- Structuring and Negotiating Agreements
In addition to the low taxation rates Bulgaria offers:
- Relatively low overhead costs for your company (office rents, utilities, etc.)
- Low labor costs
- Inexpensive service sector – including accounting and legal services
- Fast registration process for new companies
- Stable banking system – there is no foreign currency risk since the local currency, the Bulgarian Lev (BGN), has a fixed rate to the Euro
- The common EU system of VAT applies to Bulgaria – the European framework is directly applicable and the directives are fully implemented in the internal legislation
- Bulgaria has signed agreements to avoid double taxation with 58 countries (including the majority of EU- member states) which prevents withholding tax for most transactions
- The legal system is based on the continental law
- Daily flights from/to most of the European capitals and major cities
Many service providers who have established their companies here are providing services worldwide. Using this business model foreign companies generate revenues internationally but pay 10% corporate tax in Bulgaria. Many other foreign investors have made significant investments in Bulgaria, taking advantage of the low labor cost, low cost of setting-up a new business and low overhead expenses.
Olsen and Partners is here to help you – to be your first long-term local partner in the country. We can assist you to create your new Bulgarian company, to initiate your first steps in Bulgaria and to develop your best business strategies. We are here to make your new venture in Bulgaria successful.
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