About BULGARIA:
Most favorable Tax Regime within the EU. Corporate Profit tax (flat) – 10%. Personal Income Tax (flat) – 10%. Lowest Social Security Contributions in EU. Bulgarian legislation is completely synchronized with the EU legislation.
Double Tax Avoidance
Bulgaria has signed Double Taxation Treaties with 70 countries all over the world, including China.
Political Stability
Safe and stable democratic jurisdiction. Low crime rate, no ethnic tensions. Full member of the EU, WTO and NATO. Second lowest government debt in the EU. Government policy is also focused on building a favorable business climate for foreign investors.
Low Level of Financial Risk
The local currency Bulgarian Lev (BGN) is fixed to the EUR (1 EUR = 1.9 BGN) since 1998. Bulgaria is expected to introduce the EUR as its official currency soon.
Low Business Costs
The lowest business costs in the EU. Very affordable rents, excellent value for real estate. Low cost of utilities.
Investment Opportunities
Less restrictions and less administrative procedures. Investors class A are granted with Corporate Profit Tax up to 0%. Bulgaria is rated as one of the best destinations in Europe to develop outsourcing activities.
Lowest Labor Cost in the EU
Highly trained and qualified employees. English is widely spoken.