Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

German Companies Said to Prefer Bulgaria, Cyprus to Seychelles, Panama
Date: 04/11/2010
German Companies Said to Prefer Bulgaria, Cyprus to Seychelles, Panama

Hikes in taxes and social contributions have helped prompt an increasing number of German companies to move base to Bulgaria, where lower taxes and EU regulations make it an easier place to do business, according to a German tax and law expert.

"A growing number of European companies are shifting their place of business to Bulgaria. Ever increasing taxes and social contributions make low tax jurisdictions like Bulgaria a more and more attractive country," Alexander Schinzing, Corporate Counsel of English tax and law office ETC, who deals with UK and German business, told

As an example of why the company's clients choose Bulgaria as their new place of business Schinzing cited the latest increases in health insurance contributions by 0.6% to 15.5% in Germany or Value-Added-Tax by 2.5% to 20% in the United Kingdom from 2011 on.

According to the expert companies from Germany and the UK are more likely to neglect Offshore-Tax-Havens like the Seychelles and Panama and prefer competitive places in the EU, like Bulgaria and Cyprus.

Data shows that while the total number of incorporations lowered in 2009 due to the financial crises and are just starting to recover, incorporations in Bulgaria have increased more than four times in comparison with the second half of 2008.

Topic: Business

Featured District
Invest Bulgaria Charts
Current Account as Percent of GDP
Current Account as Percent of GDP

Gross Value Added of Bulgaria (million BGN)
Gross Value Added of Bulgaria (million BGN)

See all charts
Did You Know?
American University in Bulgaria
American University in Bulgaria
The average SAT score at the American University in Bulgaria is 1280 points! ... More

Lovech - the town of the lilacs. It is one of the most beautiful places in Bulgaria. Founded during 4th-3rd century BC, Lovech has many museums, theaters, parks and places to rest.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members