BulgariCo today introduced several products that in combination represent a complete outsourcing solution for our Romanian customers. It becomes apparent that many Romanian businesses consider if not relocating to Bulgaria to have a parallel Bulgarian operation that helps them optimise their taxes within the boundaries allowed by the law.

BulgariCo professionals pay regular visits and conducts sessions with potential customers both in Rousse and Bucharest.

Should you request a face to face meeting regarding this or our other products please feel free to contacts us at office@bulgarico.com

BulgariCo is launching three new products to address the needs of our Hellenic clients arising from:

- the ongoing financial crisis in the country and
- the reactions of the fiscal authorities there.

The products are specifically targeted at addressing recently introduced normative regulations some of which are breaching the EU law and are expected to be challenged at EU level. Notwithstanding this, interim conditions need to be handled appropriately.

As a result of the fiscal clamp Greek business are now not only relocating their headquarters to Sofia, but moving jobs North of the boarder to Bulgaria.

Our products are in the areas of:

- Cross-border asset relocation
- Cross-border business set-up and outsourcing
- Individual (personal) relocation to Bulgaria

With corporate tax level of 10% and personal tax rate of 10% Bulgaria is turning into second homeland to Hellenic people with whom historical, cultural and economic relations abound.

Give us a call at +359 899 966 958 or write us to hellenico@bulgarico.com.

NB: English is the main language of our office but we can arrange for interpreters as well.
NB: Seminars and working sessions are organized in Petrici. You can book a time slot in advance. Free half an hour advice is rendered.

Here you can download the Convention for Avoidance of Double Taxation signed between USA and Bulgaria.

Our comments and discussion will follow shortly.

InvestBulgaria Agency (IBA) – the government investment promotion agency under the Ministry of Economy, Energy and Tourism has released a brochure investment climate and business opportunities in Bulgaria.

You can download the brochure here.

It seems that Greece, which is currently coping with serious economic challenges, has seen an investment heaven in Bulgaria. Over the first three months of 2010, Greek companies have invested in Bulgaria a total of 37.5 million euro, against only half a million euro for the same period of last year.

According to a publication in the Greek newspaper Impersia, this investment boom means that the Greek businessmen are seeking a secure place for their money and Bulgaria appears more attractive to them than their home market. According to Greece’s statistical watchdog, the volume of the trade exchange between Bulgaria and Greece hit 414.1 million euro in the first trimester of 2010.

20 September 2010

Bulgaria has established double tax agreements with more than 65 countries, including all major economies all around the globe.
These have been proved in time, as most of them have been signed 20+ years ago and yet more are about to be established.
Bulgarian Government is also planning to include even more articles which will easen the tax policies between the countries. For the complete list please visit the site of the Bulgarian Revenue Agency here.

16 September 2010

In the past couple of years, the HR business is flourishing due to the big interest of foreign employers to open their offices here. Low costs and high percent-age of well-educated people are the main incentives for the investors from all around the globe.

08 September 2010

Bulgaria Unlikely to Increase Personal and Corporate Tax Rates in the Next Five Years

Stable currency board system and low inflation are the main contributors for the good news.

Apart from that the Bulgarian Government has introduced actions for regulation of the income from VAT and excise duty.