European companies are moving to Bulgaria because of low taxes

European companies are moving to Bulgaria because of low taxes. At least 20 small and medium-sized French companies have moved their business registration in Bulgaria because of its attractive corporate tax of 10%, told Milka Georgieva-Wei, owner of consulting company. Registration in Bulgaria and move companies from other European countries. Registration of legal entity in Bulgaria, rather than in France, tax savings for owners of at least 5%. In France, firms pay a levy on profits from 15% to 35%, while in Bulgaria is 10%, said business lady. At least another 40 companies it has helped to pass in Bulgaria production capacity. Above all, these are enterprises in textile and food industries and in farming. The reason is that production in Bulgaria is cheaper than in France as a cost.