INVEST IN BULGARIA

  • Why Invest in Bulgaria?:

    Economic and political stability.

    Financial stability- Currency Board until entry into the Eurozone.

    1.00 euro=1.95583 leva/ from more than ten years/

    Member in NATO and EU.

    Strategic geographic location.

    Liberalised access to markets with more than 500 million consumers.

    The lowest operational cost in the EU.

    tax legislation

    Value added tax 20%

    A month period accounting and declaration.

    A month term of recovery /after occurrence rights/.

    VAT on EU Supplies – 0%

    VAT on EU and other countries- 0%

    Moving goods between member states of EU without payment VAT at a border. No custom formalities.

    Corporative tax

    Rate of 10% /from more than ten years/.

    Tax withheld-5%.

    Social insuarance

    Minimal salary 560 leva=286.32 euro

    Average gross salary,second quarter 2019,private sector 1253 leva=640.65 euro.

    24.3% Social insuarance/third category labor / year 2019/.

    Divided :
    10.58% at the expense of employee.
    13.72% at the expense of employer.

    Helth insuarance.
    8% Helth insuarance /year 2019/.

    Divided :
    3.2% at the expense of employee.
    4.8% at the expense of employe

    10% flat tax – personal income.

    Bulgaria has established double tax agreement with major economies/ more over 60 countries.

    Data are changible.