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

 

BGAdvise brochure

 

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

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