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  • Investing in Bulgaria - Workforce Availability

  • Investing in Bulgaria - Taxes in Bulgaria

  • Investing in Bulgaria - Operational Costs in Bulgaria

  • Investing in Bulgaria

Investing in Bulgaria

Workforce Availability

In 2006, the population in working age is 4,820,000 people, or 63% of the entire population. The population above working age is 1,740,000 people; and the one below working age is 1,200,000 people. There is a downward tendency for the entire population, which calls for the need of investment in human capital.

Employer Contributions in Bulgaria

Pension, General illness and maternity, Unemployment contribution, Health insurance, Guarantee fund for salaries, Work accidents and job related illness

Taxes in Bulgaria

Bulgaria is making a considerable effort to offer the lowest corporate taxes in Europe. Corporate tax rate is 10% (the lowest in the European Union) and is 0% in areas of high unemployment.

Income Tax Brackets in Bulgaria

Flat 10% income tax! Bulgaria at present practically has the lowest tax rates in Europe after the introduction of flat corporate and personal income tax rates of 10% in 2008. Over the last decade and a half, a number of countries, mostly in Eastern Europe, introduced flat-rate taxation.

Hiring and Firing Workers in Bulgaria

As recruiting staff for your Bulgarian operations you do need to bear in mind some requirements that need to be followed to comply with local legislation. The link below shown a detailed description of common issues that employers need to consider while hiring and letting go of local personnel.

Operational Costs in Bulgaria

Summary of basic business operational costs in Bulgaria.

Average Salaries in Bulgaria

2013 information of salaries for basic positions.

Bulgarian Business Culture

Interesting things to know about the Bulgarian business culture

Featured District
LOVECH DISTRICT AND CITY INFORMATIONLovech
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Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

Trade Balance of Bulgaria
Trade Balance of Bulgaria

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Did You Know?
Bulgarian Yogurt
Bulgarian Yogurt
The Bulgarian yogurt is extremely popular in Japan ... More

The village of Shiroka Luka lies at 1,206 m above sea level, in the central Rhodope Mountains, 20 km north-west of Smolyan. Siroka Luka is famous for its authentic Rhodopean architecture and for the kaba gaida - a local type of bagpipe used in Bulgarian folklore music.

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