Francesco’s Encore: Building a Creative Business in Bulgaria

In recent years, Bulgaria has become an exciting destination for entrepreneurs. Especially for people in the creative industries, the country offers opportunities that are often hard to find in Western Europe. A great example is Francesco Marzola, an Italian musician and composer who took the leap to start a business in Bulgaria. His story shows how passion, courage, and pragmatism can come together to open a new chapter in life.

Planning your own company formation? Francesco’s story is one individual case. For your own decision, use the current step-by-step process with realistic timelines – from the name check through the Commercial Register, banking and tax number.

From Musician to Entrepreneur

Francesco didn’t move to Bulgaria for economic reasons but out of love. His partner, a ballet dancer, was offered a position at the National Opera in Sofia. In Italy, it had become increasingly difficult for many creatives to make a living. So, Francesco decided to take the leap – and found a Master’s program in film music in Sofia that perfectly matched his vision.

This step opened unexpected doors. Soon after, he discovered opportunities in the booming gaming and online casino industries. With his dual expertise – composition and sound design – Francesco was able to carve out a niche for himself.

Starting a Business in Bulgaria – Easier Than Expected

The next step was clear: turn passion into a company. Francesco decided to register an EOOD (the Bulgarian equivalent of a limited liability company). With legal guidance, the entire process was completed within just one week – something that would have taken much longer in Italy.

Opening a business bank account also turned out smoother than expected. With an English-speaking bank, Francesco found low fees and easy-to-use online invoicing platforms that made his financial processes efficient.

Advantages and Challenges

How does Francesco see the decision to start a business in Bulgaria?

Advantages:

• Low taxes: A flat corporate tax of 10% offers financial flexibility.
• Affordable living costs: Both living and operating expenses are significantly lower than in Italy.
• Market opportunities: Niche industries like film music and gaming are growing and open to newcomers.

Challenges:

• Language barrier: Bureaucracy is still difficult without Bulgarian.
• Limited funding: Compared to countries like Germany, Italy, or the US, state funding and investor networks are less developed.

Composing the Future

For Francesco, Bulgaria is the perfect place to build his creative career. With a new website and plans to expand his team, he aims to win bigger projects in Bulgaria and internationally.

His story shows: those who are willing to take risks and adapt can transform their creative passion into a sustainable business in Bulgaria.

This is just a glimpse into Francesco’s inspiring journey. You can read his full story and many more in the book “Start in Bulgaria - How to open a company in Bulgaria?"

Want more inspiring stories? Explore the experiences of other entrepreneurs in Bulgaria and check out our overview post on how to start a business here—packed with tips, insights, and real success stories.