Мanufacturing and Еngineering industries, Bulgaria

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Ðœanufacturing and Еngineering industries, Bulgaria The Bulgarian market provides a favorable environment for companies in terms of resource availability, macroeconomic stability and legal framework, operating in the various manufacturing and engineering sub-sectors. Traditionally, international and local FMCG producers (food, beverages, pharmaceutical, tobacco, cosmetics, etc.) have been and are showcasing their production units in Bulgaria very […]

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Bulgarian Investment Advantages

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Bulgarian  Investment Advantages Bulgaria has some of Europe’s most competitive business costs for foreign investors. Investments in real estate have created a large supply of modern offices at very competitive costs. For European standards, corporate taxes and labor costs are fairly low. Taxes in Bulgaria Bulgaria is making a considerable effort to offer Europe’s lowest corporate taxes. In 2007, corporate tax rates fell to 10% and  0% in high unemployment areas. Value Added Tax (VAT) With some exceptions, the amount of VAT in Bulgaria is 20%. Some deals involve free or VAT  purchases / land purchase, shares purchases, etc /. Some are with VAT in a smaller amount. Taxation of Individuals Personal income tax rate: A flat rate or 10% on the taxable income Corporate income tax All companies and partnerships are liable to corporate income tax. These includes non-incorporated  partnerships. Corporate income is taxed at the rate of […]

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Odelo Bulgaria opened a new plant in the Industrial Zone near Plovdiv

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Odelo Bulgaria opened a new plant in the Industrial Zone near Plovdiv   Odelo Bulgaria Ltd. opened a new car lights production plant in the Industrial Zone near Plovdiv. “I thank the Bulgarian workers, engineers and developers for bringing such investors with their good work and qualifications,” said Prime Minister Boyko Borissov at the opening ceremony. […]

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Draft Strategic Cooperation Agreement between Bulgaria and the United Arab Emirates approved

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Draft Strategic Cooperation Agreement between Bulgaria and the United Arab Emirates approved   The government has approved a draft  Strategic Cooperation Agreement  between  Bulgaria  and the  United Arab Emirates  as a basis for negotiations between the two countries, said the government press office. The  United Arab Emirates  is among the countries in the Gulf region […]

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Why Starting a Business in Bulgaria

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In Bulgaria there are many advantages of having an active company. The country is a member of the European Union which is considered to be one of most influential economic areas in the world. As an official member, Bulgaria takes full advantage of the Union’s economic political, legal, labor, environmental and consumer benefits.   The […]

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