Buying a Company in Bulgaria
How to Profitably Buy a Company in Bulgaria
Today, Bulgaria offers a favorable business environment, largely due to the simplicity and convenience of most processes necessary for enterprises. Registering a new business in this jurisdiction is not complicated, however, starting operations in a foreign country, entrepreneurs often face a number of bureaucratic and legal challenges. Fortunately, all of this can be avoided, and business activities can be launched quickly by deciding to buy a company in Bulgaria.
The choice of business direction is limited only by the volume of planned investments. Today, you can find almost any options, from small shops to enterprises focused on the international market. Thanks to this, you can specify any conditions and requirements, and we will find the right option for you.
Why Entrepreneurs are Advised to Buy a Company in Bulgaria: Advantages
Often, the choice of Bulgaria as a business location is determined by the following factors:
- favorable taxation — corporate tax is 10%;
- economic and political stability;
- absence of racial and religious conflicts;
- possibility of duty-free trade with EU countries.
If you decide to buy a company in Bulgaria, the list of advantages expands:
- most organizational matters are already resolved;
- you can start generating profit immediately, it is enough to simply maintain the company’s current activities;
- the company already has a market, a stable client base, established supplier relationships, necessary equipment, etc.
Another advantage not to be overlooked is financing. Investors are rarely eager to invest in a new, untested business project. However, when purchasing a ready-made company, you will have a better chance of obtaining financing, since having an established business reputation is one of the key factors for both investors and bankers.
What to Keep in Mind Before Buying a Company in Bulgaria
Regardless of the legal form of the enterprise you choose to acquire, the country applies a similar taxation model for all businesses. Given that Bulgaria’s corporate tax is the lowest in all of Europe, entrepreneurs can focus on growing their business rather than worrying about tax burdens.
Which company to buy in Bulgaria and how to develop it later is a personal decision of each entrepreneur. However, companies with turnover exceeding 50,000 BGN deserve special mention. In such firms, accounting must be handled using VAT accounts, meaning it is recommended to hire a qualified employee to manage financial reporting without errors.
If the company has temporarily suspended operations, it is still necessary to submit annual reports confirming the absence of activity.
How to Buy a Company in Bulgaria: Procedure Steps
The process of purchasing a business in this country consists of several steps:
- Selection of an offer. Once you compile a list of requirements for the company you wish to acquire, we will prepare several options that meet your criteria.
- Obtaining detailed information. We will provide full information about the enterprise and its current operations.
- Economic analysis. After reviewing the company’s data, you will be able to assess its business reputation, growth prospects, and other project features.
After completing these steps, the purchase and sale transaction is carried out, involving the transfer of ownership rights. We provide support at all stages, offer comprehensive consulting services, and take care of all bureaucratic procedures.
Free initial consultation on legal issues, related to the daily activities of the business
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