Menu
Expat.com

online business

Last activity 13 March 2018 by kristiann

Post new topic

sarahal

i am an owner of beauty store in Saudi Arabia. I want to move my business to Bulgari and complete form there. however I am not sure of what are the cost to start business and what are the requirements. thank you

i need 3 employee as a starter ,
what is the salary,
I need a developer and digital market employee.

looking for your advice

kristiann

Hello Sarahal,

Moving your company to Europe is a very good decision, and Bulgaria is one of the options with lowest costs.
Establishing a company here costs about 400 EUR - court registration, bank account, BULSTAT registration, listing at the Registry Agency.
In addition you will need a VAT registration, which can be achieved on a turnover base ( 50 000 BGN) and is then automatical, or you can request preliminary VAT registration which can be made within 2-3 weeks and costs some extra money. But it is necessary for international trade.
You will need an office, which would cost you another 300 EUR. Not sure whether you plan to have a physical shop and/or a small warehouse.
Hiring a digital marketing professional will start from 800 EUR and up.
Developers are more pricy, but they normally work on assignments and you can hire the developer just to complete your project, not as a full time employee. Anyway - 1000 EUR.
Also you will need an accountant, probably not a full time position, but it depends on the volume of work.  Plan additional 150 EUR for monthly accounting servicing.
Electricity, Internet, telephone - add another 100 EUR.
I guess you'll be having postal expenses for your shipments - here's a broad range of companies and prices and of course all depends on volume and numbers.

What you'll receive is EU based company, very fast Internet, good working environment, low corporate tax - 10%. Plan additional 5 % if you intend to withdraw funds from your company.

Basically that's the most important for a quick start. Additionally you might need some licencing fo your products, sanitary  and anti-fire requirements etc.

sarahal

Thank you for your replay.  the cost's are very Attractive regarding to my part of country. this information you gave me are very helpful. I wondering what are the requirements for exporting supplement  from Eurob  or USA or Russian?

kristiann

To export supplements from EU you probably do not need any special requirements. It could depend on the type of supplements.

From Russia - only God knows!!!!    anything related to that country is quite risky!

from the USA - probably just like EU.

But everything needs to be checked  for every specific product and country. If you need a check for Bulgaria - I can arrange it. I could probably help for Russia and the USA too.

lets switch to PM

Dr. Petrov

Kristian,
Please be careful when you advice people here. For example - the registration of company does not cost 400 euro, but much less! VAT registration is NOT automatically happened. VAT registration is voluntary and obligatory!
… and so on….

kristiann

Company registration costs less if you do it yourself, which is almost impossible for a foreigner, who has never been here.
Otherwise he/she has to hire a lawyer and an accountant, and this costs money. Exact amount varies, there are companies working to a far higher amounts. You can find lower amounts too.
VAT registration is AUTOMATICAL once you reach 50 000 BGN turnover, which means that your company automatically become a subject of the VAT act and cannot avoid VAT registration. And yes it is obligatory then.
And so on ??

daniele0410

@kristiann

i am interested to open a limited liability company in Bulgaria, please send to me a private message with your contact details so we can arrange a talk.

Thank you.

kristiann

Hello Daniele,

you have a PM.

Articles to help you in your expat project in Bulgaria

  • Work in Bulgaria
    Work in Bulgaria

    Find, in this article, an overview of the Bulgarian labor market and tips to help you find a job if you intend to ...

  • Internship in Bulgaria
    Internship in Bulgaria

    Looking for an internship in Bulgaria? Find information on the related conditions and procedures in this article.

  • Setting up a business in Bulgaria
    Setting up a business in Bulgaria

    Are you looking forward to set up a business in Bulgaria? Here is an overview of conditions to be met and related ...

  • Become a digital nomad in Bulgaria
    Become a digital nomad in Bulgaria

    Bulgaria is another name in the list of underestimated travel destinations, but things are changing. Having been ...

  • Work in Sofia
    Work in Sofia

    There are various ways to find a job in Sofia. Here are some tips to guide you through your job search.

  • Work in Plovdiv
    Work in Plovdiv

    Being Bulgaria's second biggest city, Plovdiv also provides many career prospects. Find out more about these ...

  • Work in Varna
    Work in Varna

    Looking for a job in Varna? Find out what are the most promising sectors for foreigners in this article.

  • Giving Birth In Bulgaria
    Giving Birth In Bulgaria

    If you find yourself pregnant in Bulgaria, you may be wondering if you will have to head home to have your baby. ...

All of Bulgaria's guide articles