Business in Bulgaria
Doing #business in #Bulgaria – the best kept secret in #Europe.
When it comes to running a business, Bulgaria provides a very productive environment to do so.
Low cost of doing business
Bulgaria has the most favored tax regime in Europe. Corporate income tax rate is 10%, the lowest in the EU.
Personal income tax is 10%, flat rate. Industries in high unemployment areas are granted a 0% tax rate
- 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents)
- Bulgaria has one of the most competitive costs of labor in Central and Eastern Europe
- Favorable office rents and low cost of utilities. Bulgarian cost of electricity for industrial users is 70% of the European average
Strategic location
Located at the heart of the Balkans, Bulgaria is a strategic logistics hub.
Ease of transportation or cargo is provided by:
- Five Pan-European corridors (IV, VII, VII, XI, X), which pass through the country
- Transport program TRACECA, which connects Europe with Caucasian and Central Asian region
- Four major airports: Sofia, Plovdiv, Bourgas and Varna
- Two main seaports: Varna and Bourgas
- Numerous ports at the Danube River
Access to markets
Due to its location Bulgaria provides direct access to the following key markets:
- European Union – zero tariff market with population of 500 million
- CIS – still not well penetrated market with a high potential
- Turkey – zero tariff market of near 80 million population
- Middle East – a market with high purchasing power
- North African market
Human resources
Work force is well educated, highly skilled and multilingual.
- 62.2% of the total population is in working age (appr. 4.6 million)
- 60,000 students annually graduate from 51 universities
- 98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian)
- 94% of the schools have Internet access
Contact info:
BG Advise (part of ZephyR Group EOOD ):
Legis Center, Blvd. 6ti Septemvri 152,
4000 Plovdiv, Bulgaria
Tel Belgium: +32 478 23 45 13
Tel Bulgaria: +359 32 207 040
info@bgadvise.eu
Would you like more information about how a Bulgarian company can bring you a lot of benefits?
Contact us or send an email to info@bgadvise.eu and we will reply as soon as possible.