Why to start а business in Bulgaria?
Мain advantages to register a company as well as to invest in a business in Bulgaria:
- Bulgaria is a member of the World Trade Organization (WTO) since 1 December 1996, a member of the North Atlantic Treaty Organization (NATO) since 29 March 2004 and a member of the European Union (EU) since 1 January 2007. Free movement of goods, services, capitals and people. European funds for economic development.
- Governmental financial support for priority investment projects
- Stability of the currency - supported by the currency board the Bulgarian lev is fixed to the euro at the level of 1.96
- Bulgaria has the most favourable tax regime in Europe. The lowest rate of the corporate tax in the EU - 10 %, 0 % in regions with high unemployment. Personal income tax is 10 %.
- VAT exemption for a period of 2 years for imports of equipment for investment projects over 5 million euros, creating at least 50 jobs
- 2 years amortization time for computers and new manufacturing equipment
- Withholding tax on dividends and liquidation quotas – 5 % (0 % for EU tax residents)
- Bulgaria has signed existing international treaties on avoidance of double taxation with more than 68 countries around the world
- Macroeconomic and financial stability of Bulgaria: GDP growth – 3 % (2015); inflation, annual change - -0.9 % (2015); unemployment rate – 10 % (2015)
- Bulgaria has one of the most competitive costs of labor in Central and Eastern Europe
- Favorable prices for hiring offices and low expenses of utilities
- Bulgaria has a strategic location in Europe - five European transport corridors pass through Bulgaria. Bulgaria provides direct access to the following key markets: European Union, CIS, Middle East, Turkey, North Africa
