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WHY BULGARIA

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By: Velizara Petrova Real Estate 1 Follower

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Highly-skilled, multilingual workforce at Europe's most competitive wages;
Stable and predictable business and political environment;
EU membership;
Free trade with the EU preferential trade partners, including EFTA, Turkey, Mediterranean countries[1], Western Balkan countries[2], South Africa, Mexico, Chili, etc.;
10% corporate income tax rate;
10% personal income tax;
VAT exemption on equipment imports for investment projects over EUR 5 million;
Annual depreciation rate of 30% for machinery & equipment, 50% for new equipment used in new investments and 50% for software and hardware;
Treaties for avoidance of double taxation with 61 countries;
Agreements on mutual protection and promotion of foreign investment with 60 countries;
Acquisition of land and property through a Bulgarian registered company with up to 100% foreign ownership;
Fast administrative services through InvestBulgaria Agency;
Natural and cultural landmarks, tasty food and hospitality.

[1] Euro-Mediterranean association agreements with Algeria, Tunisia, Morocco, Israel, West Bank and the Gaza Strip, Jordan, Lebanon, Syria

[2] Trade preferences to products originating from Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia until 31 Dec. 2010 in accordance with the stabilization and association process