Doing Business in India VS Bulgaria – A Comparison
Entrepreneurs and investors often face a tough decision when choosing between India and Bulgaria as their preferred business destination. Both countries offer unique advantages, making the decision challenging. While India is praised for its competitive landscape, high quality of life, and lower costs for setting up smaller businesses, Bulgaria stands out for its low corporate taxes and strategic location in Europe. This article explores the key factors to help you make an informed choice.
Key Comparison Points
Business Environment
- India: India offers a dynamic and competitive business environment, supported by government initiatives like “Make in India” to encourage foreign investment.
- Bulgaria: Bulgaria provides a stable political environment with strong EU support, making it attractive for businesses looking to enter European markets.
Taxation
- India: India has a corporate tax rate of 22% (15% for new manufacturing companies) and offers various tax incentives for startups and small businesses.
- Bulgaria: Bulgaria boasts one of the lowest corporate tax rates in Europe at 10%, which is a significant draw for investors seeking tax efficiency.
Ease of Company Incorporation
- India: India has streamlined its incorporation process through digital platforms, but regulatory compliance can still be time-consuming.
- Bulgaria: Bulgaria offers a straightforward incorporation process with minimal bureaucracy, allowing companies to set up quickly.
Cost of Living and Business Operations
- India: India is known for its low operational costs, including affordable office space and living expenses, making it ideal for small businesses.
- Bulgaria: Bulgaria also has low operational costs, with competitive wages and affordable real estate, especially compared to other European countries.
Access to Markets
- India: India offers access to a vast domestic market of over 1.4 billion people and growing trade agreements with global economies.
- Bulgaria: Bulgaria serves as a gateway to the European Union, providing businesses with access to a market of over 500 million consumers.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference:
Factor |
India |
Bulgaria |
Business Environment |
Dynamic and competitive |
Stable with EU support |
Corporate Tax Rate |
22% (15% for new manufacturing companies) |
10% |
Capital Gains Tax |
Varies depending on asset type |
10% |
Ease of Incorporation |
Streamlined but time-consuming |
Quick and straightforward |
Business Costs |
Low operational costs |
Low operational costs |
Market Access |
Access to over 1.4 billion people |
Gateway to the EU market |

Benefits of Choosing 3E Accounting
When navigating the complexities of doing business in India or Bulgaria, partnering with a reliable corporate service provider like 3E Accounting can make all the difference. With expertise in starting a business in India, a step-by-step guide to India company registration, and India company incorporation, 3E Accounting ensures a seamless setup process tailored to your needs. For company setup or any other assistance, feel free to contact us. Choose 3E Accounting for a hassle-free experience and focus on growing your business with confidence.
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Frequently Asked Questions
India has a corporate tax rate of 22% (15% for new manufacturing companies), while Bulgaria offers one of the lowest rates in Europe at 10%.
Bulgaria’s low corporate tax rate, stable political environment, and access to the EU market make it an appealing choice for entrepreneurs.
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.