Investment environment in Bulgaria
Competitive advantages of Bulgaria
- Economic and political stability;
- Financial stability - Currency Board until entry into the Eurozone;
- Membership in NATO and EU;
- Strategic geographic location;
- Liberalized access to markets with more than 560 million consumers;
- The lowest corporate tax in the EU: 10%;
- Zero percent capital gains tax for investments in 152 municipalities with high unemployment (out of 264 municipalities);
- Increased depreciation rates (50%) for investment in new machinery, industrial equipment and appliances, computers, peripheral devices and software;
- Use of tax credit under the special procedure for charging VAT on imports for the implementation of investment projects over BGN 10 million;
- 5% withholding tax on dividends;
- 10% "flat tax" on personal income;
- 1 procedure, 1 charge up to 2 days to register a company in the electronic commercial register of the Registry Agency;
- Continuing improvement of the administrative environment - removed or alleviated are 83% of all regimes proposed for mitigation; Removal of the unnecessary, mitigation and transfer of some regulatory regimes of the NGO sector;
- The lowest operational costs in the EU;
- Incentives for promotion of investment under the Investment Promotion Act.