Bulgaria in profile
Many UK and other foreigners have invested in land and property in Bulgaria, having realised how much this emerging European nation can offer. With artificially low prices, a warm a friendly attitude shown by the locals as well as the unspoilt charm and beauty, Bulgaria is a nation with a lot to offer investors. Traditionally the popular destinations for people buying property in Bulgaria has been outside of the capital Sofia, being either in the south around the Ski Resorts or on the Black Sea coast. However the north east of Bulgaria is fast emerging as the new property hot spot in Bulgaria. With the Danube to the North, rich hunting grounds around Tervel & Dobrich, as well as the golden sand resorts to the south of the area. Our partnership sites www.northernbulgarianproperty.co.uk and www.huntinginbulgaria.co.uk specialises in property in these areas.
With Bulgaria joining the EU on 1st January 2007, the time has never been better to invest in land and property in Bulgaria. Visitors numbers have seen year on year increases, with the Black Sea resorts fast becoming one of the most popular European holiday destinations. New flights routes are expected from the start of next year which will make reaching Bulgaria from the UK even easier than before. However you need to buy property in Bulgaria now, before prices increase and match the rest of Europe.
Why buy land and invest in Bulgaria?
- Highly-skilled, multilingual workforce at Europe's most competitive wages
- Stable and predictable business and political environment
- EU membership on January 1, 2007
- The lowest operational costs and tax rates in Europe
- Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey
- 15 % corporate income tax rate (2007 expected rate: 12 %)
- VAT exemption on equipment imports for investment projects over Eur 5 million
- Annual depreciation rate of 30% for machinery & equipment, 50% for new equipment used in entirely new investment or expansion and 50% for software and hardware
- Acquisition of land and property through Bulgarian registered company with 100% foreign ownership
- 58 treaties for avoidance of double taxation
- 56 agreements on mutual protection and promotion of foreign investment
- Excellent climate, natural scenery, food and hospitality
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