Bulgaria is a member state of the European Union and NATO. The market economy is part of the European Economic Area (EEA) and is largely based on services in the service sector followed by industry – in particular mechanical engineering, local service trades, mining and agriculture.
The country is also a member of the OSCE and has held a seat on the United Nations Security Council three times. The country’s financial services industry is governed by EU regulations that allow institutions based and registered in Bulgaria unrestricted access to offer services across the European Union. Bulgaria’s fintech industry is one of the most thriving in Europe, flexible, not over-regulated, friendly to foreign investors and founders.
The country knows how to capitalize on its enormous potential, with an attractive 10% corporate tax rate and a permissive banking and financial services market.