Establish a Company in IT Sector in Bulgaria
Establish a Company in IT Sector in BulgariaUpdated on Sunday 02nd July 2017
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The IT sector in Bulgaria is represented by a number of successful companies in fields like 3D rendering or software solutions. Those to choose to establish a company in the IT sector in Bulgaria have access to a growing market with important potential for development.
Sofia is a preferred city for those investors in IT who want to launch a start-up in Bulgaria. The country has a low income tax rate, an important advantage for those entrepreneurs who are just starting their company. The country is an attractive regional hub for investments because entrepreneurs are able to access EU funds.
The experts at our law firm in Bulgaria are able to give you complete information on the investment environment in the country and the advantages for IT companies in Bulgaria.
Investing in the IT sector in Bulgaria
The information technology sector in Bulgaria is a growing ecosystem, encompassing a number of sub-sectors like software development, computer hardware or web design. A number of companies have emerged from the region, such as VRay, a company specialized in 3D rendering.
The country not only has a potential for investment for these types of enterprises but it is also a source of talented employees. Bulgaria has a low corporate income tax and a low tax on dividends. Investors who open an IT start-up in one of the major Bulgarian cities also have access to modern offices and co-working spaces as well as business accelerators.
A team of lawyers in Bulgaria can help foreign investors who cannot be present in the country at all times, and during the company incorporation procedures.
Conditions for opening a company in Bulgaria
Investors in IT in Bulgaria can choose between the available types of companies like the limited liability company and the joint-stock company or the partnerships.
The limited liability company is the preferred business form because it has a low minimum capital requirement and the shareholders are only liable to the extent of their contributions. Companies in Bulgaria are registered with the Commercial Register.
You can contact our law firm in Bulgaria for more information on the company formation procedure and the specific requirements for IT companies.