Many Romanian entrepreneurs are relocating their businesses to Bulgaria because of lower taxes, taking advantage of local advice.

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.