WHY INVEST

The Benefits of Investing in east europe

Bulgaria

Country’s surface: 111 000 km2
Population: 7, 2 M. habitants
Capital city: Sofia (1, 22 M. inhabitants)
Official language: Bulgarian (Cyrillic)
Business languages used: English, Russian, French
Currency: Leva (LEV)

Unemployment rate: 9, 7% (2015)
VAT: 20%
Growth in GDP: 1, 7 (2015)
GDP per capita: 7751 USD
Income taxes: 10% (Lowest in the UE)
Withholding on dividends: 5%

Fiscal policies

The fiscal policy of the country makes Bulgaria highly attractive for foreign investors, contractors and partnerships.

• Corporation taxes: 10%;
• 0% tax in disadvantaged regions with high unemployment;
• Income tax: 10%;
• 2-year VAT exemption for imports of equipment for investment projects over €5 million and creating at least 50 jobs.

Salaries / Hourly rates

Minimum gross wage is 215 € per month, the lowest in the EU28 (even lower then China, which has 275 € per month). The hourly rate is 4.1 € per month, lowest in the EU28.

The most lucrative sectors

Automotive
IT & C
CALL-CENTER SERVICES
Manufacturing
Bio-technology

See the full statistics