Table of Contents
- 1 What is good business in Bulgaria?
- 2 Is it easy to start a business in Bulgaria?
- 3 How can I start a business in Bulgaria?
- 4 What is the main business of Bulgaria?
- 5 How much does it cost to start a business in Bulgaria?
- 6 Is it worth investing in Bulgaria?
- 7 Is Bulgaria poor or rich?
- 8 What to do in Varna?
- 9 What is the maritime capital of Bulgaria?
- 10 Why is Varna the European Youth Capital?
What is good business in Bulgaria?
General Factsheet
| Bulgaria | General Facts |
|---|---|
| Memberships | Joined EU in 2007; NATO in 2004; WTO in 1996 |
| GDP | 44 billion EUR for 2015 |
| GDP growth | 3\% (2016) |
| Inflation rate | -0.1\% (Eurostat 2015) |
Is it easy to start a business in Bulgaria?
In line with that, Bulgaria’s standard of living is low compared to other countries in the region making it easy for start-up business purposes. Moreover, is its low minimum capital required for launching a business, worth 1 Euro, and its easy registration process taking usually only a few days.
Why is Bulgaria good for business?
Bulgaria is Open for Business Since they have a fast-growing economy, Bulgaria is able to offer a cost-effective and qualified workforce, reasonable office rental rates, low costs of production and transport. Bulgaria also offers a competitive rate for starting a business.
How can I start a business in Bulgaria?
Steps in opening a company in Bulgaria
- Choose, verify and reserve the business name for your OOD in Bulgaria.
- Appoint the representative agent for your company in Bulgaria.
- Deposit the minimum share capital of 2 BGN in a local bank account.
- Prepare and submit the Articles of Association for your company in Bulgaria.
What is the main business of Bulgaria?
Industry of Bulgaria
| Industrial production | |
|---|---|
| Main industries | Metallurgical industry, electricity, electronics, machinery and equipment, shipbuilding, petrochemicals, cement and construction, textiles, food and beverages, mining, tourism |
| Industrial growth rate | 5.5\% (2007) |
| Labor force | 33.6\% of total labor force |
What is the capital of Bulgaria?
Sofia
Bulgaria/Capitals
How much does it cost to start a business in Bulgaria?
Average cost of setting up a private limited liability company is around 500-800 Euros. Normally the registration process takes about 2-3 weeks to be fully completed. Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 1 Euro.
Is it worth investing in Bulgaria?
The economic and political stability in the country, the developed infrastructure, the awesome climate, the coastline, the mountains, the historical sites are all reasons why you should consider making an investment in Bulgaria.
How do people make money in Bulgaria?
The strongest sectors in the economy are energy, mining, metallurgy, machine building, agriculture and tourism. Primary industrial exports are clothing, iron and steel, machinery and refined fuels.
Is Bulgaria poor or rich?
Bulgaria has a well-educated workforce, but it is considered the poorest nation in the European Union. Among the challenges it faces are perceived problems of corruption and organized crime.
What to do in Varna?
Varna is an important centre for business, transportation, education, tourism, entertainment and healthcare. The city is referred to as the maritime capital of Bulgaria and has the headquarters of the Bulgarian Navy and merchant marine. In 2008, Varna was designated as the seat of the Black Sea Euroregion by the Council of Europe.
What is the significance of Varna in Bulgaria?
Varna is an important centre for business, transportation, education, tourism, entertainment and healthcare. The city is referred to as the maritime capital of Bulgaria and headquarters the Bulgarian Navy and merchant marine. In 2008, Varna was designated seat of the Black Sea Euroregion by the Council of Europe.
What is the maritime capital of Bulgaria?
The city is referred to as the maritime capital of Bulgaria and has the headquarters of the Bulgarian Navy and merchant marine. In 2008, Varna was designated as the seat of the Black Sea Euroregion by the Council of Europe. In 2014, Varna was awarded the title of European Youth Capital 2017.
Why is Varna the European Youth Capital?
In 2008, Varna was designated seat of the Black Sea Euroregion by the Council of Europe. In 2014, Varna was awarded the title of European Youth Capital 2017. The oldest gold treasure in the world, belonging to the Varna culture, was discovered in the Varna Necropolis and dates to 4200–4600 BC.