ADVANTAGES OF INVESTING IN BULGARIA
Whether you are opening up a company or planning to relocate your business, in Bulgaria will benefit from:
Reliable political framework:
- Member of international alliances: NATO and EU
- Dependable Government committed to attracting FDI
Pro-business tax incentives: best rates in the EU:
- 10% corporate income tax rate;
- 0% corporate income tax rate in high-unemployment areas
- 10% flat tax rate on personal income
- opportunity for R&D expenditure write-off
- 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents )
Labour force:
- Highly skilled workforce
- Proficiency in foreign languages
- Europe’s most competitive salary levels
ADVANTAGEOUS LOCATION AND BUSINESS ENVIRONMENT
· EU market gateway to the East and the Balkans (access to over 300 million consumers)· Europe’s lowest operational costs
· Free movement of capital
· No restrictions on after-tax repatriation of profits
· Incentives for employing young people
INVESTMENT INCENTIVES
- Streamlined administrative procedures
- Preferential terms for the acquisition of state or municipal land
- Financial support for vocational training and education
- Infrastructure subsidies
- Delivery of tailored public services
DOING BUSINESS IN BULGARIA
Bulgaria offers a dependable business environment to foreigner citizens and foreign companies. The legal framework sets a predictable and stable climate for economic entities as it is fully in compliance with the provisions of EU legislation. Bulgaria’s EU accession in 2007 resulted in improved infrastructure, modernized industries and an increased focus on innovation and R&D.
The procedures for setting up a business in Bulgaria are simple and straightforward.
http://www.investbg.government.bg/en
VISITING BULGARIA
Whether you prefer skiing or seaside holidaying, Bulgaria offers it all and a lot more. Bulgaria is keen to showcase its other attractions including a rich history and culture, a diverse and beautiful landscape and delicious food and wine. Bulgaria also wants to turn the spotlight on some of its fast-expanding tourism products including city breaks, spas and eco-tourism. For more information on types of tourism and sightseeing highlights, please visit the Official Tourism Portal of Bulgaria: http://bulgariatravel.org/