How the Asarel-Medet mining company has become an important factor in making the municipality of Panagyurishte an attractive place for living. Small settlements have a great potential for development, too. Even in the 21st century in Bulgaria, Panagyurishte has its own recipe for prosperity and does not hide it. One of the advantages of […]
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Мanufacturing 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 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 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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