Invest in Bulgaria

Bulgaria has been pouring millions into improving the country’s existing infrastructure while also building new structures that make it easier to access the more touristic areas of the country. Bulgaria boasts political and economic stability and has been recording a sustained GDP growth of between 4.7% and 4.9% per year. The country’s currency is stable and linked to the Euro and Bulgaria has been granted official membership as part of the European Union as of January 1, 2007. It is also a member of NATO.

Bulgaria experienced tremendous economic growth preceding its entry into the European Union. Furthermore the country has a very competitive and highly skilled labour force when compared to the rest of Europe. It also boasts a very favourable tax structure that currently imposes a mere 15% corporate profit tax. Bulgaria also benefits from a very strategic location.

Added to the above benefits of investing in Bulgaria is the fact that privatization and deregulation have created sophisticated public utility and telecommunications industries. Since its ascension to EU membership, companies established in Bulgaria will also profit from free trade with EU preferential trade partners.

The country has a VAT exemption on equipment imported for investment projects over EUR 5 million and also has treaties in place to avoid double taxation with 61 countries.

Bulgaria offers tax incentives for investing in depressed regions. There are also different incentives offered for varying categories of investment. Based on the amount of your investment, your project will fall into one of three categories. These categories are entitled to different forms of aid and assistance.

Currently there are many investments open to large investors; such as investments in fixed assets with the purpose of creating new or enlarging or modernising the existing production of goods and services, creating new jobs or investing in projects meant to be started within three years.

Bulgaria’s booming real estate sector is another great area for investment with property prices seeing a 25% increase over the last several years while yet maintaining some of the lowest real estate prices in Europe. Given that the country has a thriving tourist trade as well as big expat British and German communities, Bulgaria is on its way up. Those who invest in Bulgaria now are sure to profit greatly in the long run.

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