Ecosystem map 210 –
Corporate Income Tax: The core tax for businesses in Bulgaria is set at a rate of 10%. This applies to Bulgarian resident companies on their worldwide income, while non-residents are taxed only on Bulgarian-source income. Dividends Tax – 5% – VAT -19% in most of the industries
Ecosystem map 211 –
Financial Market Innovations: The introduction of a special market on the Bulgarian Stock Exchange for small and medium enterprises (SMEs) to receive financing (BEAM) represents an effort to bolster financial support for smaller companies, enhancing their access to capital. BEAM offers SMEs a platform to access public capital markets, which traditionally have been more accessible […]
Ecosystem map 212 –
BEAM – Advantages for Investors 1/ Besides the opportunity for investment in attractive, fast growing and developing companies, the investors have a better tax treatment of their investment income. 2/ According to the Law of the Corporate Income Taxation and the Law for the Taxes, levied on the Income of the Natural Persons, the income […]
Ecosystem map 213 –
European Banking Union Membership: Bulgaria’s banking sector has been positively impacted by its full membership in the European Banking Union since October 2020. This membership has reinforced Bulgaria’s position in the euro area institutions and signifies a step forward in institutional development. The Bulgarian Lev’s inclusion in the EU Exchange Rate Mechanism further solidifies the […]
Ecosystem map 214 – Kinstellar
Kinstellar acts as trusted legal counsel to leading investors across Emerging Europe and Central Asia. Legal and Regulatory Assistance: For investors interested in launching a fintech business in Bulgaria, company formation lawyers provide essential support throughout the company setup process. This includes drafting legal documents, handling registration applications, and advising on tax compliance and legal […]
Ecosystem map 215 –
Fintech Ecosystem Support: Bulgaria offers a favorable environment for fintech companies, characterized by low taxes, lower labor costs, and a talented IT workforce. The country’s high internet speed and adoption rate further enhance its attractiveness as a fintech hub.
Ecosystem map 201 –
The first Bulgarian unicorn Payhawk was ranked fourth by operating revenue growth with 267%. The fifth place is reserved for the licensed TPP and open banking experts – Iris Solutions – 249%.
Ecosystem map 202 –
44% of all employed in FinTech in Bulgaria are women and the average age of FinTech teams is 35.4 years.
Ecosystem map 203 –
The 2022 BFA study finds that the average gross monthly salary in the FinTech industry in 2021 is BGN 3,248 (EUR 1,659), more than 2 times higher than the country’s average gross in 2021.
Ecosystem map 204 –
In 2021, the employed in the FinTech industry reached a record high of 11,862.
