In recent years Bulgaria has developed as an attractive place for foreign investments in the area of industry and production. The advantages of Bulgaria as a production facility are many, some of which are:
- Bulgaria is a member of the European Union and as such ensures the free movement of goods, services, capital and workers. Bulgaria has a stable currency that is tied to the Euro at a fixed rate;
- Bulgaria has a stable public finances and low public debt;
- Bulgaria has a stable currency that is tied to the Euro at a fixed rate;
- the taxes in Bulgaria are among the lowest in the European Union - including corporate tax and income tax - 10% flat tax;
- labor costs are among the lowest in the European Union;
- the commercial property prices are relatively low;
- the prices of electricity and water are among the lowest in Europe;
- the Internet infrastructure of the country is one of the best in the European Union and among the top ten in the world;
- high school and university graduates are well educated and often have fluency in English and German;
The employees of our law firm will assist you with your investments in the area of industry and production in Bulgaria. Our services include:
- general legal and tax advice when entering the industrial development market in Bulgaria;
- Contract review and contract negotiation with local business partners (Internet and telecommunications service providers, recruiters, etc.);
- Representation before the Bulgarian administrative authorities;
- Contract review, contract drafting and contract management with landlords of office space in Bulgaria;
- Contract review and contract drafting with workers in Bulgaria;
- general legal advice about Labour law in Bulgaria ;
- Tax and Accounting;
- Payroll Accounting;
- monthly VAT declaration;
- annual preparation and filing of tax returns;
- Representation before the tax authorities ;
- Representation before the Employment Rights Authorities