Bulgaria is considered one of the most favorable countries in Europe for investment opportunities and investment projects. Here are some interesting facts that might make every investor choose Bulgaria to invest:
Fact 1 — Corporate tax
Bulgaria has one of the lowest corporate tax rates in the EU, namely 10%. Bulgaria also signed nearly 70 double tax treaties.
Fact 2 — Personal income tax
Bulgaria has the LOWEST personal income tax rate in the EU, i.e. 10%, and a dividend tax of only 5%.
Fact 3 — Business costs
The initial business costs are one of the lowest in the EU.
Fact 4 — Labour Force
Bulgaria has a highly-qualified, well-motivated, flexible and multilingual labour force.
Fact 5 — Wages and social security contributions
The wages in Bulgaria are among the lowest in Europe. The minimum salary is also the lowest in the EU. Furthermore, the social security contributions on salaries are very low.
Fact 6 — Outsourcing
Bulgaria is the best destination in Europe to develop outsourcing activities. In fact, almost every big IT company has a Bulgarian branch.
Fact 7 — Less financial risk
The Bulgarian lev (BGN) is fixed to the EUR (1 EUR = 1.9558 BGN). Banking is possible in euros. Every bank in Bulgaria provides an English E-banking.
Fact 8 — Company incorporation
It takes only one day to register a new company. The minimum start-up capital is only 1 EUR and you will be provided with your VAT-number several working days later. In general, there are fewer restrictions and administrative procedures than for instance in Western Europe.
Fact 9 — EU-Funds and procurements
There are plenty of opportunities to get EU-funding for your projects in Bulgaria. The Bulgarian new procurement act ensures that EU regulations are fully applied in Bulgaria. It is even possible to use an online system to take part in the procurements.
Fact 10 — Good investment opportunities
Bulgaria offers extremely good investment opportunities such as real estate investments. Property prices are rising rapidly but at the same time, they remain good value by western European.
Innovires professional and experienced team will take care of the entire procedure of investing in Bulgaria. Please feel free to contact us.