Hi I am traveling to sofia Currently. I am professional in sound recording mastering industry from india. About 15 years experience in high end professional audio and film making. I would like to set up a studio here in sofia, and if possible a media production house too.. what are my chances of being able to successfully implement this? How do I go about it? And what are the expenses I am looking at?
PS: this will be a serious high end, state of the art audio facility
New business in media, film making and audio engineering studio
Kaamod
13 March 2018 23:49:15
2
kristiann
15 March 2018 14:19:25
781
Hi there,
Actually your chances are quite good. I would say excellent.
As for the necessary steps, they could be the following:
1. Set up a company in Sofia.
- bank account;
- company registration;
- VAT registration;
- electronic signature;
2. Find appropriate premises for your studio and hire the place;
I guess you will have some specific requirements - quiet surroundings, thick walls, permission to install sound isolation materials
- here you will have to recieve an approval from the Fire Department Service!!!
- also you might need a permission from the neighbours in the building;
3. Hire staff.
As for p. 1 your costs will be about 400 EUR in case you decide to hire a person to do this for you (actually a lawyer and an accountant), and less if you do it yourself.
For p. 2 I suppose you will know best what kind of a place will be suitable for the purpose, what materials to install for a sound insulation and what equipment to buy. Renting the place will cost you between 200 and 500 EUR as a rough estimation.
p. 3 - Only GOD knows ....
)
In fact the most interesting part will be finding clients for your business (apart from the staff).
Good side of all this is the at the end you will own a EU based company, located in the country with the lowest possible taxes - 15 % ( 10 % corporate tax and 5 % divident tax).
Kaamod
27 March 2018 21:15:14
2
Hello there,
I am very happy to read your reply to my question,
Thank you very much for your time and the information that you have provided.
Its very useful, to know this.
I will get in touch with you soon again.
цао
kristiann
28 March 2018 17:37:17
781
Hello Kaamod,
Not sure how much this helps but is some kind of a start.
good luck,
Colonyship
31 March 2018 08:17:45
15
Highly skilled staff in media sector is expensive. People speaking good English can easily find a job in Holland, Britain etc. Importing employees is not an option
Radinaa
14 April 2018 16:56:21
4
Hi there, life in Bulgaria is not cheap at all. A lot of things are more exoensive than Western Europe. I am from Plovdiv , it is the second biggest city in Bulgaria after the capital, Sofia. Of course, life is a bit more expensive in Sofia than Plovdiv. Depends on what budget have at ypur disposal... Example, to rent a big apartment in a good area in Sofia more or less furnished will cost you 1000 usd per a month.
Regards,
Radina
Colonyship
22 April 2018 18:30:43
15
Salaries in the media sector below 1000 euro: forget about that
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