1 / 18

June 2014

Bulgaria I nvestment climate and business opportunities. June 2014. Investments and economic relations Why invest in Bulgaria? Government incentives. Investments and economic relations. FDI Inflow:. In million euro. Source: Bulgarian National Bank. Investments and economic relations.

betty
Download Presentation

June 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Bulgaria Investment climate and businessopportunities June 2014

  2. Investments and economic relations • Why invest in Bulgaria? • Government incentives

  3. Investments and economic relations FDI Inflow: In million euro Source: Bulgarian National Bank

  4. Investments and economic relations FDI Inflow: Source: Bulgarian National Bank

  5. Investments and economic relations The role of Italy as a trade partner for Bulgaria:

  6. ……….. – Bulgarian trade relations Why invest in Bulgaria?

  7. Why invest in Bulgaria? Political and business stability EU and NATO member Currency board Low budget deficit and government debt Low cost of doing business 10% corporate tax rate (0% in high unemployment areas) 10% personal income tax Lowest cost of labor within EU Favorable office rents and low cost of utilities Access to markets European Union / EFTA Russia Turkey / Middle East Educated and skilled workforce

  8. Why invest in Bulgaria? Real GDP Growth: Source: Eurostat

  9. Why invest in Bulgaria? Taxation in Bulgaria: Source: Worldwide - tax

  10. Why invest in Bulgaria? Business costs in Bulgaria:

  11. Why invest in Bulgaria? Business costs in Bulgaria: • €/kWh, 2013 • €/GJ, 2013 Source: Eurostat

  12. Why invest in Bulgaria? Potential fields of collaboration Services: • Transport and Logistics • Information technologies • Outsourcing of business processes • Health and tourism related to healthy lifestyle Industry: • Transport equipment and machine building • Electronics and Electrical engineering • Chemical industry • Food and Agriculture Resources: • Mineral bottled water • Sea and winter resorts • Balneology

  13. Government incentives

  14. Government incentives Legal framework for investing in Bulgaria: • Equal treatment of Bulgarian and foreign investors • Thresholds of investments that need to be covered in order to apply for investment certificate Class A, B and Priority investment projects • Business plan and several standard documents required

  15. Government incentives Investment incentives under the Investment Promotion Act: • Acquiring state or municipal land without a tender procedure (investments Class A and B) • Financial support for construction of technical infrastructure elements (only for class A) • Acquiring state or municipal land without a tender procedure on a lower cost, but not lower than the price evaluation for tax purposes (Priority investments) • Lower tax rate on changing the status of the acquired land (Priority investments)

  16. Government incentives Investment incentives under the Investment Promotion Act: The incentives for class A and B could be: • Shortened administrative procedures • Reimbursement of labor costs paid by the employer • Financial support of up to 25% of the entire costs for specific training of minimum 50 employees The incentives for Priority investment projects could be: • All the incentives for Class A and B • Financial grants of up to 50% for education and R&D projects; • and up to 10% for manufacturing projects

  17. Government incentives Legal framework for investing in Bulgaria: • Tax incentives: • 10 % corporate tax (flat rate) • 0 % corporate tax in areas with high unemployment rate • 10 % personal income tax rate (flat rate) • VAT exempt for import of equipment for investment projects

  18. Thank you for your attention! Sofia 1000, 31Aksakov Str. Phone: (+359 2) 985 5500 Fax: (+359 2) 980 1320 E-mail: iba@investbg.government.bg Web: www.investbg.government.bg

More Related