Strategic position: Bulgaria occupies a very unique and strategically important geographic position. The country has served as a major crossroad between Europe, Asia and Africa since ancient times. Five of the ten Trans-European corridors run through the territory of Bulgaria.
No tax heaven – but an appealing tax level: With its 10% corporate tax rate, a 2- year VAT exemption on equipment imports for investment projects over EUR 5 million and the treaties for avoidance of double taxation with 63 countries, Bulgaria is currently one of the most attractive EU countries in terms of taxation.
Low labor and operational costs: Bulgaria’s working-age population consists of ca. 4.8 million people. Many Bulgarians have strong backgrounds in engineering, medicine, economics and the sciences, but the vast majority has secondary, technical, or vocational education. Low labor costs and well as lowest operational costs among EU countries are considerable incentives for foreign companies to invest in Bulgaria and develop their business there.
Attractive assets: Catching up from a low level Bulgaria can be considered today as inexpensive. Therefore, investors can still find outstanding values on the market and – without doubt – business opportunities are plentiful.