BP Consult

Bulgaria is attractive a number of reasons:

 

• EU Member as of 2007

• NATO Member as of 2004

• WTO Member as of 1996

• Currency stability - the Bulgarian Lev (BGN) is pledged against the Euro, by means of a currency board, at a fixed rate of 1 Eur=1.95583 BGN 

• Strategic location - Bulgaria is conveniently located and serves as a gateway from Europe to Russia, Turkey and Greece and visa-versa. It has two main sea ports -  Burgas and Varna as well as several ports on the Danube river. 

Conducting business

 

• Bulgaria enjoys the lowest flat corporate income tax in the European Union - 10%. This is why many companies have moved their headquarters and operate through here.

• In addition, the income tax on dividents is only 5%.

• VAT in Bulgaria is set at 20% and is processed and returned to companies within 3 months - by law. There is no backlog on VAT payments!

• The cost for operating companies in Bulgaria is among the lowest in Europe - accounting, company registration, operating costs and personnel salaries are very affordable. 

• Bulgaria has a zero tariff market within the EU - a population of 500 million

• Bulgaria has a zero tariff market with Turkey - a population of 80 million.

 

Live and Travel

 

There are several options for non-EU nationals who want to live and conduct business on the territory of the Republic of Bulgaria - they can obtain permanent residence and/or citizenship through a number of programs and visas:

• representation office - usually the fastest way to get a permit to enter/exit multiple times and reside in the country without limit

• citizenship through direct investment or through conducting business

• Cost of life - among the cheapest countries to live in Europe.

 Below are some pros why one might choose Canada:

 

• Rated the best country to live in by the UN

• Population of over 35 million - a large market

• Excellent education system

• Publically funded(tax-payer) FREE health care

• Long life expectancy - 81 years

• Diverse and democratic society that accepts openly different nations and different people

• Strong and secure banking system

• Immigrant friendly 

• Low crime

• Social welfare system

• Strong Economy - strong Canadian Dollar

• A wide variety of Public facilities - libraries, parks, recreational amenities etc

• Clean environment

• Real estate prices have increased steadily over the past 10 years

• Proximity to USA

• Regions with low population where settlement and finding jobs can be easier.