Transcript PowerPoint - Invest Bulgaria Agency

BULGARIA
Investment and Business Climate
CONTENT
1.
2.
3.
4.
5.
6.
General introduction
Why to choose Bulgaria
Business conditions
InvestBulgaria Agency
Incentives under the Investment Promotion Act
Additional Incentives through Industrial Zones
General introduction
 Do you want to expand towards third counties?
 Do you want Economic and Political stability?
 Why don’t you consider making business in Bulgaria?
Look why the Investors have chosen
Bulgaria...!
Why invest in Bulgaria?

Political and business stability

EU and NATO member

Currency board and Low budget deficit and government
debt

Low cost of doing business

10% corporate tax rate (0% in high unemployment
areas)


Lowest cost of labor within EU
Access to markets

Russia

Turkey / Middle East

Educated and skilled workforce

Government incentives
≈
Did you know that Bulgaria…
First in the world in the production of
lavender. For the past three years, our
country has managed to surpass France
from the first place and France is
historically a leader in this field.
The largest exporter of sunflower seeds
worldwide in 2013. Our market share in the
exports of this commodity in the planet is
17.8%.
The best outsourcing destination in Europe,
according to Cushman & Wakefield’s rating
for 2015. In the world our country takes the
third place.
Accommodated about 50 companies producing
components and systems for the global automotive
industry. They are making different types of auto parts
for brands like BMW, Mercedes, Audi, Ford, Volvo,
Peugeot, Renault, Dacia and others. In eight of every
ten cars in Europe, the parts are produced in Bulgaria
Did you know that Bulgaria…
…had the highest level of broadband adoption in Q4 2014
Source: akamai’s [state of the internet]
Q4 [2014 Report] Volume 7/Number 4
http://www.akamai.com/
Doing Business 2015
Source: Doing Business 2015
Going Beyond Efficiency
A World Bank Group Flagship Report
Taxation in Bulgaria
Country
Bulgaria
Macedonia
Serbia
Romania
Turkey
Czech Rep.
Slovakia
UK
Italy
Spain
Source: Worldwide - tax
Income Tax (%)
Corporate
Individual
10
10
10
10
15
10-20
16
16
20
15-35
19
23
23
27.5
30
22
19-25
0-45
23-43
24, 75-52
Social Security (%)
Employer
Employee
17.9-18.5
12.9
27
0
16.9
16.9
28.45
16.5
27
15
34
34.8
13.8
30
29.9
11
13.4
12
10
6.35
VAT (%)
20
18
20
24
18
21
20
20
21
21
European Operational Programs in Bulgaria

"Transport and Transport Infrastructure“ - EUR 1,89 bln.

“Development of the Competitiveness of the Bulgarian Economy” - EUR 1,39 bln.

“Human Resources Development“ - EUR 1,10 bln.

“Development of Rural Areas“ - EUR 2,91 bln.

“Environment” - EUR 1,77 bln.

"Regions in growth“ – EUR 1,54 bln.

"Science and Education for Smart Growth 2014-2020“ – EUR 701 mln.

“Good governance” 2014-2020 - EUR 335 mln.

“Program for Maritime Affairs and Fisheries” (2014 -2020) – EUR 113 mln.
Who we are:
InvestBulgaria Agency is a government investment promotion
arm, part of the Ministry of Economy
IBA services:
Macroeconomic data and legal advice
Regional information: industrial zones and infrastructure and
data on employment
Recommendation of investment project sites
Identification of potential suppliers, contract manufacturers
and joint-venture partners
Personalized administrative servicing
The government supports specific industries
under the Investment Promotion Act (IPA):
Investments must be related to the following sectors:
Manufacturing
Research & development
Healthcare
High-tech services
Minimum investment amounts must exceed €2.5m
€1m in regions with high unemployment and €0.5m for
investment projects in high-tech services
Benefits for certified investors include:
Shortened administrative procedures
Preferential acquisition of state or municipal land
Financial support
Incentives for priority investment projects:
Special incentives for priority investment projects:
Institutional support
Financial grants of up to 50% for education and R&D projects and up to 10% for manufacturing projects
State tax exemption for changing the land status
Acquisition of real estate private state or private municipal property without a tender and at a price lower
than the market, but not lower than the tax assessment of the property
Sofia 1000, 31 Aksakov Str.
Phone: (+359 2) 985 5500
Fax: (+359 2) 980 1320
E-mail: [email protected]
Web: www.investbg.government.bg
Thank you
for your attention!