De Busschere Law Firm

Our Practice Areas

Starting a business in Bulgaria by registering a company is fast and cheap. Bulgaria is developing as one of the best outsourcing destinations in EU, providing low overhead of the companies with affordable office space, utilities, travel expenses, equipment, accounting, etc. Our law firm provides wide variety of legal services for your business in Bulgaria, such as:

Buying property

Buying property in Bulgaria offers great value for money as real estate prices and costs of living could be very low. In case you want to buy a property in order to resell it at a later stage, this is also a very good investment as in recent years the property market in Bulgaria has been developing rapidly and it is very dynamic, with high demand and interest both from local and EU citizens... more

Taxation in Bulgaria

It is important to note that after obtaining a residency status in Bulgaria, all taxes and social security contributions are due in Bulgaria, where the rates are much lower than almost all EU countries (i.e. maximum 500 EUR / month for the social security, 6% to 10% for the personal taxes and 5% for the taxation of the dividends)... more

Residence card

A citizen of the European Union can enter and leave the territory of the Republic of Bulgaria with a valid identity card or a valid passport and can stay up to 3 months. If you plan to stay longer you should apply for residence in Bulgaria... more

Administrative registration

We can represent you before municipal or state bodies in relation with your business. We can provide legal assistance with registrations required by law, appeals against administrative acts, penal decrees, revision acts, etc. and representation until the final conclusion of the relevant procedures... more

Case Results

The rate is constructed on average gross income: 100.000€

Panoramic photo from a high building in Sofia

12 x 428€ = - 5.136€

Your social security costs

The social security tax rate is one of the lowest in Bulgaria. Income after deduction of social security: 94.864€

10%: -7.115€

Taxation

Lump sum for professional costs(-25%)
Taxation rate 10%: -7.115€ (after deduction of all the costs)

87.749€

Your net income

Calculation of your Net income: 100.000 EUR - 5.136 EUR (social security) - 7.115 EUR (personal taxes)
Lump sum for professional costs (-25%): - 23.716 EUR

The #1 Relocation advisor lawyers