Doing business in Bulgaria

Bulgaria can offer you:

  • Highly-skilled, multilingual workforce at Europe's most competitive wages
  • Stable and predictable business and political environment
  • The lowest operating cost in a European market economy
  • EC membership since 1 January 2007
  • NATO membership since 29 March 2004
  • International Accounting Standards accepted since 1 January 2003
  • 10% corporate income tax rate since 1 January 2007
  • VAT exemption on equipment imports for investment projects over EUR 5 million
  • Annual depreciation rate of 30% for machinery & equipment and 50% for software and hardware
  • Treaties for avoidance of double taxation with 61 countries
  • Agreements on mutual protection and promotion of foreign investment with 60 countries
  • Free trade with the EU preferential trade partners, including EFTA, Turkey, Mediterranean countries, Western Balkan countries, South Africa, Mexico, Chili, etc.
  • Acquisition of land and property through a Bulgarian registered company with up to 100% foreign ownership
  • Excellent climate, natural scenery, food and hospitality