In recent years freelancing has become one of the most popular ways to earn your livelihood. You may ask us why? In this article we will try and explain why many people have chosen Bulgaria as their tax residence and what are the perks of doing so.
Freelancers also known as independent contractors, some may say, have the best of both worlds. On one hand they have the freedom to operate independently, chose when they work, how much workload they can pick up and have financial independence. On the other hand, bigger companies are always looking for freelancers and their expertise. The reason why companies are willing to use freelancers is due to the fact that they are more cost efficient and flexible.
One of the first things you might want to consider if you are thinking about freelancing is relocating to a new country. Here are some of the benefits of freelancing in Bulgaria!
The cost of living in the country is relatively lower than the one in other EU countries. However, the quality of living is much higher than what most people expect it to be. The soil fertility is high due to the climate in Bulgaria. This is why you can enjoy a wide variety of seasonal fruits and vegetable that most countries do not have. Additionally, as the country has become one of the most popular destinations for tourist. There are many activities and services that people can do and use for a fraction of the price they might pay in another EU country.
Bulgaria is a beautiful country that has an amazing landscape. Its border with the Black Sea allows you to explore and enjoy beautiful beaches and the mountains located all over the country will leave you breathless. There are many places you can explore and enjoy.
Since the country has a continental climate, which is common for Central Europe, hot summers and cold snowy winter can be seen. With such distinct seasons, there is plenty of opportunities.
The taxes for self- employed specialists in Bulgaria are not as hight as in other countries. Therefore, this is becoming one of the most popular destination for setting up a businesses and freelancing.
As mentioned above, there is a high demand for specialists from all areas to work in Bulgaria. Due to the high number of of people leaving the country there are fewer and fewer experts. This allows freelancers to find work easily. Furthermore, as there is less competition on the labour market and the demand for highly skilled professionals is rising this has a positive impact on the rate of pay.
So, now that you know all the perks of a freelancing professionals in Bulgaria, why not give it a go! Here at Matrix we can help you with the first step – moving to the beautiful country of Bulgaria.