Why Invest In Bulgaria?

Investing in Bulgaria is an exciting prospect. Accession into the EU has lead to a massive upsurge in business interests and property prices.

Bulgaria is committed to further development of businesses, ie agriculture, telecoms, IT services, textiles, property development and the transportation system.

The political stability, positive economic outlook, coupled with the property markets sustainable demand, all point towards many years of growth to come.

Highly-skilled, multilingual workforce at Europe’s most competitive wages.

Stable and predictable business and political environment.

EU membership on January 1, 2007 gave access to markets of over 500 million consumers.

NATO membership since 29th March 2004.

The lowest operational costs and tax rates in a European market economy.

Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey.

Excellent climate, natural scenery, food and hospitality.

Flat corporate income tax rate of 15% (2006 expected rate: 12%).

VAT exemption on equipment imports for investment projects over Euro 5 million.

Acquisition of land and property through Bulgarian registered company with 100% foreign ownership.

Infrastructure subsidy for investment projects over €50 million.

51 treaties for avoidance of double taxation.

52 agreements on mutual protection and promotion of foreign investment.

Lowest real estate prices in Europe.

Strong year round corporate letting market in Sofia.

Dramatic increase in demand for quality accommodation in the Capital.

Strong drive for property purchase from Bulgarian first time buyers, and Bulgarians living abroad.

Bulgaria on the agenda of top European real estate investment funds.

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Why Sofia?

Bulgaria entered the European Community (EU) on the 1st January 2007. Bulgaria is emerging as an expanding economic market place, with substantial growth projected over the next few years.

A pattern of financial benefits has already been seen in other countries that have entered the E.U. You can now join in the investment growth of Sofia, Bulgaria. The currency (BGN) is now pegged to the Euro. Bulgaria goes fully Euro in 2009.

The United States of America have recently opened their new embassy in Sofia with a staff of 2000 to support all the Balkan countries. Bulgaria is recognised as a strategic hub for the Balkan countries.

Sofia, as the Capital will provide a financial and commercial centre, which is bringing with it extensive increase in residential and commercial property values. This transformation is still in its infancy, which means ample investment opportunities remain.

Infrastructure improvements are already underway, with a new metro system, airport terminal and road networks. Widening of the new ring road, Sofia M25 commenced in June 2006.

PriceWaterHouseCoopers - "The Bulgarian real estate market has seen rapid development in the past years. Large amounts of investment money are looking for investment opportunities. Development continues in all segments – office, retail, industrial, logistics and residential – to meet this demand. Expected EU entry provides great opportunities for these trends to continue."

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