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International Advantages For Investors In Bulgaria - Business - Nairaland

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International Advantages For Investors In Bulgaria by NariReportE: 6:09pm On Nov 03, 2017
As a foreign investor in Bulgaria, you might be interested in more than the local market, as beneficial as the local market might be to a foreign company and your professional development. Besides all kinds of local advantages that will facilitate your path to professional success, there are plenty of international opportunities that you can access and take advantage of as a new foreign investor in Bulgaria. Most of them can be specific to the industry that you want to invest in or to the profile of your company, but there are also general benefits that you will be able to access.

Easy access to other European markets

If you plan for an international success, Bulgaria is a great starting point for your goals and your company’s future. In these article you will find out why when it comes to doing business in EU creating company in Bulgaria is one of the best first steps you can do in that direction. Not only the country offers you plenty of local benefits and advantages but it is also a gate to many other markets that can bring you, new customers. Bulgaria is commercially connected with important other countries such as Russia, Turkey, Middle East and even North Africa. You will be able to enter such new market once you reach a certain stability on the Bulgarian market and this can be easily achieved through accessing the multiple benefits such as competent labor force and affordable prices.

Labor force speaks at least one foreign language

When you are aiming for an international success, you will need a qualified team to help you and support you reach such a goal. And communication is the key to any successful business. The labor force in Bulgaria tends to be educated beyond the national needs and that can only work for your company’s benefit. You will be able to hire qualified workers that speak a second international language such as English, French or even German and Russian. English is, of course, the most common second language spoken in Bulgaria but with a little effort, you can always find people with multiple other skills as well. This will make it easier for you to keep in touch and negotiate your business deals with international potential partners or competitors.

No double taxation for certain countries

Since Bulgaria has a friendly tax system, the country spread this principle to international connections as well. Important countries such as the United Kingdom, Turkey or Russia don’t require double taxation from Bulgarian companies. The rate of the profit tax in Bulgaria is 10 percent and you only pay the tax based on the value of your profit. This will help you keep most of your earning to yourself and leave you more freedom to invest in the needs that your company has. Considering Russia is a big and important foreign market that you might consider to access in the near future, not paying double taxes is definitely a great benefit that you should take into consideration when you start your Bulgarian business. Add to this the friendly bureaucracy that Bulgaria offers to foreign investors and you are on your way to a professional success!

With this being said, there are no real reasons to stay away from Bulgarian market especially if your ultimate business goal is to enter the European and international market. Chances are that your business will grow faster than you can anticipate, and you will become a well-known professional beyond the borders of Bulgaria. This will require less financial means that you would need if you would be to open a business in a different country but with limited means, you will be able to access higher results in a shorter period of time and this is the goal of any ambitious entrepreneur.

Source: https://lorensita.net/%CE%B9%CE%B4%CF%81%CF%85%CF%83%CE%B7-%CE%B5%CF%84%CE%B1%CE%B9%CF%81%CE%B5%CE%B9%CE%B1%CF%82-%CE%B2%CE%BF%CF%85%CE%BB%CE%B3%CE%B1%CF%81%CE%B9%CE%B1/

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