Establishing a company in Bulgaria
The Republic of Bulgaria is in Southeast Europe surrounded by Romania to the north, Macedonia and Serbia to the west, Turkey to the southeast, Greece to the south and the Black Sea to the east. The region has served as an important crossroads throughout history, and its land is dotted with relics and artifacts testifying to the most ancient processes of human society living in Europe. The population is 7.5 million, the majority of which is ethically Bulgarian. The capital is Sofia, and the official language Bulgarian, a language written in Cyrillic script as in Russian. Establishing a company in Bulgaria is a good starting place from which to do business in the entire Balkan area, and there are many additional advantages, such as low operation costs, a short flight from Israel and an attractive, inviting business environment.
Bulgaria’s geography is relatively diverse, including Black Sea beaches, green plains, and the mountainous landscapes of the Balkan. It has several skiing resorts with excellent slopes and skiing facilities that are open during the winter months. Due to the country’s location at the cross point between continental winds and seaborne winds from the Mediterranean Sea, the local climate varies greatly from region to region. Winters are generally extremely cold, with temperatures dropping below zero, while summers are unusually warm for Europe. It has many resorts along the Black Sea, such as Varna, and these provide popular tourist destinations for Europeans and Israelis.