With one of the lowest corporate tax rates in the region (10%) and low labour costs, Bulgaria is relatively well-positioned for foreign investment, which is not subject to government screening.
There are no legal limits on foreign ownership or control of companies, and foreign entities are officially accorded the same treatment as domestic companies. However, according to the Offshore Companies Act, companies with more than 10% foreign ownership cannot do business in 28 specific sectors (including government procurement, natural resources exploitation, banking and insurance, although there are some exemptions).
The Invest Bulgaria Agency (IBA) is the government’s FDI coordinating body that provides information, administrative services and incentive assessments to potential foreign investors. The revival of foreign investment, however, depends on the improvement of the economic situation in other EU countries, especially in Bulgaria’s closest neighbours. Among the challenges facing investors is the shortage of skilled labour, the unpredictability of the often-changing regulatory and legislative framework, and concerns about the rule of law. In addition, the judicial system is slow. Bulgaria Ranked 61st out of 190 economies in the World Bank’s latest Doing Business report.
Bulgaria’s strengths and has many advantages:
Tax incentives and a very advantageous overall taxation for investors
A large, qualified and inexpensive workforce
A very low cost of living
The country’s membership in the European Union guarantees regular reform cycles
A solid economy, robust to external shocks
Strong political stability
A positive reputation for the country’s prudent fiscal regulations
A budget surplus that has been steadily growing since 2013.
The strategic location allows easy transportation of goods (Danube River, 5 pan-European corridors, 4 key airports) and offers direct access to important markets (CIS, North Africa, Middle East and European Union).
Bulgaria’s strengths and has many advantages:
Tax incentives and a very advantageous overall taxation for investors
A large, qualified and inexpensive workforce
A very low cost of living
The country’s membership in the European Union guarantees regular reform cycles
A solid economy, robust to external shocks
Strong political stability
A positive reputation for the country’s prudent fiscal regulations
A budget surplus that has been steadily growing since 2013.
The strategic location allows easy transportation of goods (Danube River, 5 pan-European corridors, 4 key airports) and offers direct access to important markets (CIS, North Africa, Middle East and European Union).
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