Kiriakov & Partners Law Firm / foreign-investments

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22.10.2006 - NEW Commercial Register Act - The Commercial Register Act becomes effective as of October 1, 2006, /promulgated, SG. No. 34/25.04.2006/. It shall provide for the establishment of The Commercial Register which shall be a standard centralized electronic database containing the entered

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FOREIGN INVESTMENTS

In view with the forthcoming joining of Bulgaria to the EU, the country attracts more and more foreign investors. The low production costs, attractive prices of real properties, qualified man power, the amendments in the legislation towards its unification with that of the EU, and the protection of investments, attract more and more foreign investors. Bulgaria is a party under 58 contracts for double taxation avoidance and 56 agreements for mutual protection and encouragement of foreign investments. A free trade of industrial commodities between Bulgaria and EU, EFTA, CEFTA and Turkey is present.

The country applies more and more flexible measures to encourage the foreign investments through tax concessions, such as: opportunities for exemption from VAT on import of equipment for investments over 5 000 000 euros; annual depreciation rate of 30% for machines and equipment, 50% for new equipment, used for a completely new investment or expansion and 50% for software and hardware equipment. More and more measures are taken to relief the administrative service of traders and to restrict the cases of corruption.

Attorney’s office ‘Kiryakov and Partners’ offers to their own clients consultations related to the investment climate in the country, attractive sectors for investment, opportunities to participate in infrastructure projects, infrastructure subsidies, management of the investments.

Thanks to the team of jurists, having a good command of English, Russian, and German languages, we will offer you a complete legal service ranging from the choice of most suitable way to invest your capitals to the implementation of a current management of the investment. At our company you can find an answer to all your questions, related to the forms of business organization in our country, registration of commercial companies with foreign participation, trade representation and branch of a foreign person, agency when issuing the visas and work and stay permits, tax planning and business structure, foreign trade and customs regime, tax levy, methods for double taxation avoidance, repatriation of profit and capitals, as well as a complete service of the commercial activity of the foreign investor in Bulgaria.