Key Competitive Attractions
Bulgaria has a lot to offer foreign investors and the Bulgarian Government has implemented a number of measures to promote, welcome and support foreign investors, such as the Investment Promotion Act, which includes a variety of incentives.
Key Competitive Advantages:
- Bulgaria occupies a strategic geographic position, bridging Europe and Asia.
- Bulgaria is a member of NATO and the EU, making it a politically and financially stable.
- Bulgaria has a stable macroeconomic environment
- The GDP growth rate in 2009 was 5.0%
- In 2009, the unemployment rate in Bulgaria was just 9.1% of the working population.
- Bulgaria’s currency is pegged to the Euro, making it risk free.
- Bulgaria has enjoyed a budget surplus for the past 5 years
- Bulgaria boasts among the lowest tax rates in the EU
- Businesses operating in Bulgaria benefit from free movement of capital and no restrictions on after-tax repatriation of profits.
- For investment projects over €5 million that generate a minimum of 50 jobs, a two-year VAT exemption is available for equipment imports.
- Companies can benefit from a two-year depreciation for computers and new manufacturing equipment.
- Many projects can benefit from R&D expenditure write-offs.
- The Bulgarian workforce is highly-skilled and multilingual, offering among the most attractive salaries in Europe.
- 45,000 students graduate each year
- Bulgaria boasts among the lowest operational costs in Europe
- Companies that employ young or disadvantaged people through the Employment Agency can claim up to a year’s minimum salary and a reimbursement of social and health care security.
- Government financial support is available for priority investment projects.
- There are currently 101 major foreign owned companies settled in Bulgaria, a list of which can be downloaded via our website.
- Bulgaria is home to 35 Industrial Zones.
- Residents of Bulgaria enjoy a favourable climate, beautiful landscapes, excellent cuisine and notable hospitality.
Contact Details
