Why invest in Bulgaria
1. Highly-skilled, multilingual workforce at Europe's most competitive wages
2. Stable and predictable business and political environment
3. EU membership on January 1, 2007 gives access to markets of over 500 million consumers
4. Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey
5. The lowest operational costs and tax rates in a European market economy Excellent climate, natural scenery, food and hospitality
6. Flat corporate income tax rate of 15%
7. VAT exemption on equipment imports for investment projects over 5 million Euros
8. Annual depreciation rate of 30% for machinery & equipment, 50% for new equipment used in entirely new investment or expansion and 50% for software and hardware
9. Acquisition of land and property through Bulgarian registered company with 100% foreign ownership
10. Seamless administrative services through InvestBulgaria Agency
11. 55 treaties for avoidance of double taxation
12. 52 agreements on mutual protection and promotion of foreign investment
Source: http://investbg.government.bg
The above is merely a summary designed to give a broad overview of what is involved and what purchasers can expect. The above information must not be used as a comprehensive legal and/or tax advice and professional advice should be obtained by solicitors and/or accountants. The Bulgarian Property Shop cannot be held responsible for the exhaustiveness and the accuracy of the above information.
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