Many Romanian entrepreneurs are relocating their businesses to Bulgaria because of lower taxes, taking advantage of local advice.
Delia Niculescu
Current Affairs
foto:shutterstock
Always see our news on Google
Due to the recent tax hikes in Romania, more and more entrepreneurs are choosing to move their businesses to Bulgaria, where the tax on profits is 10% and on dividends 5%. Bulgarian consultancy companies are facilitating the relocation of Romanian businesses, promising to open up businesses quickly for €500. Although many of these firms do not carry out any real economic activity, ANAF is vigilant and carries out checks to prevent tax evasion.
Sources
Latest News
23:49
The Mayor of Sector 1, George Cristian Tuță, announces that he has notified the authorities regarding the damage caused during the farmers' protest
23:24
The US has spent nearly 38 billion dollars in six months of war with Iran
23:17
Venezuela’s former Minister of Industry admits his guilt in the US and could cooperate in investigations targeting Nicolás Maduro
23:02
The Capital Police detained a 34-year-old man found with a knife at the protest in Victory Square
22:59
The Trump administration intends to sell Israel a $2.8 billion package of munitions
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
