2. Who we are:
InvestBulgaria Agency is a government investment promotion arm, part of the Ministry of Economy
IBA services:
Macroeconomic data on Bulgaria
Legal advice
Data on operational costs
Regional information: industrial zones and infrastructure, data on unemployment, skilled labour force and level of education
Recommendation of investment project sites
Identification of potential suppliers, contract manufacturers and joint-venture partners
Personalized administrative servicing
Liaison with central and local governments
Liaison with branch chambers and NGOs

3. Why invest in Bulgaria? Political and business stability
EU 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
Government incentives
No need to mention NATO

4. Did you know that Bulgaria…
…ranks 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.
…is the best outsourcing destination in Europe, according to Cushman & Wakefield’s rating for In the world our country takes the third place.
…has 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
…is the largest exporter of sunflower seeds worldwide in Our market share in the exports of this commodity in the planet is 17.8%.

5. Doing Business 2015 Source: Doing Business 2015
Going Beyond Efficiency
A World Bank Group Flagship Report

6. FDI Inflow into Bulgaria
Source: NSI

7. FDI Inflow into Bulgaria by industry

8. Taxation in Bulgaria: Country Income Tax (%) Social Security (%)
VAT (%)
Corporate
Individual
Employer
Employee
Bulgaria 10
12.9 20
Serbia 15
10-20
16.9
Romania 16
28.45
16.5 24
Hungary
10/19
28.5
18.5 27
Czech Rep. 19 22 34 11 21
Poland
18/32
22.14
13.7 23
Turkey
15-35 18
Slovakia
19-25
34.8
13.4 UK
0-45
13.8 12
Italy
27.5
23-43 30
Spain
24, 75-52
29.9
6.35
Germany
30-33 (effective)
14-45
19.7
20.6
France
33.33
5.5-41 50
19.6
Source: Worldwide - tax

9. Business costs in Bulgaria:
€/GJ, 2014
€/kWh, 2014
Source: Eurostat

10. Salaries in Bulgaria: Average salary by position, EUR per month
Labour cost / Salary
% of the Gross Salary
Top Management
Management
R&D Engineers
Technicians
Skilled labor
Unskilled labor
In EUR, per month
Low
High
Net Salary Employee
77,1%
924
1925
576
770
539
693
347
462
285
385
216
270
Gross Salary Employee
100%
1200
2500
750
1000
700
900
450
600
370
500
280
350
Total Cost for Company
117,9%
1415
2948
884
1179
825
1061
531
707
436
590
330
413
Average gross salary by region, EUR per month
Statistical region
North-West
North Central
North-East
South-East
South-West
South Central
September 2014
347
350
383
378
501
356
Source: IBA Analysis, National Statistics Institute

11. Unemployment rate by municipalities
0% corporate tax in areas with unemployment 25% higher than the country average

12. Industrial zones in Bulgaria

13. The government supports specific industries
under the Investment Promotion Act (IPA):
Investments must be related to the following sectors:
Manufacturing
Research & development
Education
Healthcare
High-tech services
Warehousing and logistics
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 for professional training / education
Infrastructure subsidies
Labor cost subsidies
Individual administrative services

14. Class A and B government incentives:
Information services
Shortened administrative procedures - The central and local government authorities will provide administrative services shortened with one-third of the time period established by the law
Financial support of up to 25% for the vocational training for obtaining professional qualifications
Reimbursement of labor costs paid by the employer
On the request of certified investor the corresponding authorities may transfer ownership rights or establish a limited ownership right over real estate (private state or private municipal property) without a tender

15. Incentives for priority investment projects:
All the incentives for Class A and B
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
Establishment of public-private partnerships with municipalities, universities, other organizations from the academic society and etc.

16. Leading global companies have chosen Bulgaria:
IT development
Back office operations
Chemical and metal Industry
Engineering
Food