Why invest in Bulgaria

WHY INVEST IN BULGARIA?

25 REASONS TO INVEST IN BULGARIA NOW

1. Economic stability: a NATO member since 2004 and a member of the European Community since 2007;

2. Low public debt: around 19% of GDP, among the lowest in Europe

3. Low labour costs, the lowest in Europe;

4. low logistics and start-up costs (the lowest in Europe);

5. Low electricity costs, among the lowest in Europe;

6. absence of significant restrictions on economic freedom (the international Doing Business report and the Heritage Foundation rank Bulgaria 58th);

7. a strategic crossroads in the Balkans, crossed by the five pan-European corridors;

8. easy access to an Eastern European market of 122 million inhabitants, with access to the Russian, North African, Turkish and Middle Eastern markets of 500 million inhabitants;

9. quick, low-cost formation of LLCs (OOD) or PLCs (AD, with registered or bearer shares, the only case in “white list” Europe);

10. ratification of the main OECD international treaties on double taxation;

    Opportunities for international expansion in the Balkans and Bulgaria

11. The possibility of keeping a company dormant even when it owns assets;

12. Availability of simplified accounting without VAT registration up to €25,000 per year;

13. extremely favourable taxation, with a 10% flat tax for companies and individuals (the lowest in Europe), 5% on profit distributions and VAT at 20%, with an efficient refund system for exporting companies; free movement of capital;

14. Steady economic growth, even during the current period of economic stagnation, with growth prospects above the European average;

15. fixed exchange rate with the euro under a currency board: EUR 1 = BGN 1.995;

16. stability of the banking system;

17. a judicial system meeting European standards, with an average dispute resolution time of 568 days at the Sofia Court;

    European Union law justice Bulgaria Italy

18. continually expanding infrastructure supported by European funding, including motorways, railways, ports and the metro;

19. fast and efficient internet access;

20. Access to European Structural Funds for 2014–2020: over €14 billion through to 2020;

21. Italy is Bulgaria’s third-largest trading partner;

22. a trained workforce and access to educated staff thanks to the presence of numerous universities throughout Bulgaria;

    Invest Bulgaria Agency

23. State incentives with tax-free areas in developing regions with high unemployment;

24. a territory conducive to food and wine development and manufacturing, in keeping with Italian SMEs; natural beauty, from mountains to the sea; culture, history and a continental climate;

    Investing company Bulgaria

25. an attractive location for European investors: 1st among Eastern European countries and 28th worldwide.

    De Amicis & Petrova Law Firm will be pleased to provide companies and entrepreneurs interested in investing, expanding internationally, trading or relocating to Bulgaria with all the preliminary information needed to operate prudently, professionally and dynamically throughout the Republic of Bulgaria. The reasons for relocating, investing or internationalising in Bulgaria cannot simply be reduced to the many strengths described above, which are objectively verifiable on the basis of statistical data and public information. Assistance from qualified professionals is nevertheless essential to avoid improvised investments abroad and starting off on the wrong foot.