Business in Bulgaria

According to the latest research of Colliers International and Automotive Cluster Bulgaria Bulgaria heads the list of the top ten countries, attractive to the automobile sector in Europe. This was revealed in the latest research of Colliers and Automotive Cluster Bulgaria, which took place during the second half of 2016. In the ranking, created for the purposes of the research, Bulgaria is compared to Romania, Hungary, Poland, Czech Republic, Spain, UK, Italy, France and Germany.

Strategic geographic position as a bridge between Europe and Asia
Stable political environment low country risk
EU`s most favourable taxes:

• 10% corporate income tax rate; 0% in high-unemployment areas
• 10% flat tax rate on personal income
• 2-year VAT exemption for imports of equipment for investment projects over € 5 million, creating at least 50 jobs
• depreciation of 2 years for computers and new manufacturing equipment
• opportunity for R&D expenditure write-off
• 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents)

Full name: Republic of Bulgaria:

• Area: 110,994 sq km
• Population: 7.5 million (UN, 2009)
• Population density – 68.6 inhabitants per km2
• Capital: Sofia (1.4 million)
• Big cities: Plovdiv, Varna, Bourgas, Rousse
• Big airports: Sofia, Plovdiv, Varna, Bourgas
• Seaports: Varna, Bourgas
• River ports on the Danube: Vidin, Lom, Rousse
• Currency: Bulgarian Lev (BGN), pegged to Euro (EUR 1 = BGN 1.95583)