Considerning the geographic location of Bulgaria international business uses this jurisdiction for the purposes of trading, expedition services in the region, making supplies from Turkey and CIS states to the EU, some entrepreneurs establish travel business in the region.
Also, due to favorable taxation, foreign entrepreneurs form companies in Bulgaria in order to conduct IT-business, provide internet services, provide electronic money transfer and virtual currencies services, and local banks agree to open a bank account for these types of services within a very short time.
Among the restricted business-activities for foreign entrepreneurs are:
- national securtity
- tobacco products
- medical research
- ownership of land used for agricultural purposes.