With the development opportunities that 21st century has to offer, the companies can benefit from reallocating or adding a new branch to another country. The benefits can include reduce production cost, reduce staffing, access another market, etc. Such an endeavor is now easily accessible to small and medium enterprises not only to the big entities. Read more
One great choice for a stable business environment with low expenditures is Bulgaria. Setting up a company in Bulgaria have its perks, which include flat tax - 10%, VAT within EU is 0%, the lowest set up fees within the EU, lowest tax in Dividends within the EU - 5%, and many more depending on the structure type of the business entity. The Bulgarian Constitution dictates that all foreign entities or individuals that conduct economical activities within the country have equal rights as the natives. Foreign investors have the same rights and can use the same assistance and privileges as the local investors. Key to note is that The Republic of Bulgaria have bilateral contracts with 60+ countries which include Belgium. If a foreign investor is in dispute with Republic of Bulgaria, the dispute is brought before the World Bank’s international center for settlement of investment disputes.