Thinking About Moving to Bulgaria?
This charming Eastern European country is attracting people worldwide thanks to its low taxes, affordable cost of living, and pleasant climate.

In this guide, we’ll cover everything you should know before relocating to Bulgaria in 2025.

Why Choose Bulgaria?

Population Decline & Government Incentives

For over two decades, Bulgaria has seen a shrinking population, prompting the government to introduce tax breaks and perks aimed at drawing in skilled workers and entrepreneurs.

Low Tax Rates

A major draw for expats is Bulgaria’s flat tax rate of 10% for both individuals and businesses. Plus, you don’t need to physically stay in the country to qualify for tax residency, making it appealing for digital nomads and remote workers.

Language & Currency

Bulgarian is the official language, and the currency is the Bulgarian Lev (BGN).

Key Tax Facts to Know:

• Corporate tax in Bulgaria is a flat 10%.
• Dividends paid to residents are taxed at 5%.
• Both Bulgarian and foreign income (except dividends) face a 10% tax rate.
• Unlike most countries, you don’t have to spend 183 days in Bulgaria to be a tax resident – proving a permanent address or center of vital interests also counts.

Administrative Process for Living in Bulgaria

Even though Bulgaria is an EU member, it’s not part of the Schengen zone, so its visa and residency rules differ from some European countries.

After 90 days, you need to apply for a long-term residence permit, valid for one year and renewable for up to five years.

Permanent residency can be granted after five years of continuous residence or immediately through certain investment programs, bypassing the wait.

Where to Settle in Bulgaria

When deciding where to live, consider these factors:

• Cost of Living: Sofia is the priciest city, while places like Plovdiv and Varna offer more affordable options.
• Job Market: Sofia leads in opportunities, with Plovdiv and Varna also offering jobs.
• Safety: Burgas and Plovdiv rank among the safest cities.
• Culture & Lifestyle: Sofia buzzes with nightlife; Veliko Tarnovo stands out for its historic charm.
• Education: The best schools are in Sofia, followed by Plovdiv and Varna.

Keep these in mind to find a city that fits your lifestyle.

Spotlight on Sofia: Bulgaria’s Expat Hub

Sofia is a vibrant metropolis known for its lively nightlife and rich cultural scene, featuring stunning architecture and museums.

Getting around is easy without a car, thanks to public transit and plentiful taxis.

Cost of living comparisons: Sofia is roughly 50% cheaper than Paris. Sample costs:

• Studio apartment downtown: €350–700/month
• Hotel room: €35/night
• Basic meal: €8
• Half-liter beer: €4
• Coworking space: €150/month
• Internet: €25/month

Discover Plovdiv

Bulgaria’s second-largest city, Plovdiv, is famous for its ancient roots dating back to 4000 BC, beautiful buildings, and welcoming locals.

The cost of living is generally lower than Sofia’s, making it attractive for expats seeking quality life at a bargain.

Banking in Bulgaria

For expats, banking can be tricky, with fees on the higher side at local banks. Popular choices include:

• United Bulgarian Bank
• UniCredit Bulbank
• DSK Bank

Many find it easier to open multi-currency accounts with services like Wise (formerly TransferWise), which offers low fees, a free debit card, and fast international transfers.

Bulgaria’s Climate

Bulgaria enjoys a favorable climate with warm summers often hitting 30°C and mild temperatures around 15–20°C for much of the year.

Winters are cooler from December to February but rarely fall below freezing.

With all these benefits, from tax advantages to welcoming cities and great weather, Bulgaria is becoming a top choice for expats and digital nomads alike.

Pack your bags and prepare for a new chapter in this beautiful, inviting country!