Why invest in Bulgaria?

Consulting Partners Bulgaria HIRON - Management Consulting Ltd.

Looking for a business location in EUROPE?


Your stepping stone to a better and more fruitful business future!

Why investing in Bulgaria is a smart decision?


Political and business stability

Member of the European Union, NATO and WTO;

Currency board, pegging the BGL to EUR at the level of 1.96;

Second - lowest government debt in the EU (17.0 % of GDP) and one of the lowest budget deficits (2.1%) as of 2011;

Access to markets

Due to its location Bulgaria provides direct access to the following key markets:

European Union - zero tariff market with population of 500 million;

CIS - still not well penetrated market with a high potential;

Turkey - zero tariff market of near 80 million population;

Middle East - a market with high purchasing power;

North African market.


Strategic location

Located at the heart of the Balkans, Bulgaria is a strategic logistics hub;

Five Pan-European corridors ( IV, VII, VII, XI, X);

Transport program TRACECA, which connects Europe with Caucasian and Central Asian region;

Four major airports: Sofia, Plovdiv, Bourgas and Varna;

Two main seaports: Varna and Bourgas;

Numerous ports at the Danube River.

Human resources

Work force - well educated, highly skilled and multilingual;

62.2 % of the total population is in working age (about 4.6 million);

60 000 students annually graduate from 51 universities;

98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian);

94% of the schools have Internet access.


Low cost of doing business in Bulgaria

Bulgaria has the most favorable tax regime in Europe. Corporate income tax rate is 10%, the lowest in the EU together with Cyprus. Personal income tax is 10 %, flat rate. Industries in high-unemployment areas are granted 0% tax rate;

There is a 2-year VAT exemption for imports of equipment for investment projects over €5 million, creating at least 50 jobs;

Depreciation time for computers and new manufacturing equipment is 2 years;

5% withholding tax on dividends and liquidation quotas (0% for EU tax residents);

Bulgaria has one of the most competitive costs of labor in Central and Eastern Europe;

Favorable office rents and low cost of utilities. Bulgarian cost of electricity for industrial users is 70% of the European average.

Ranks First among Outsourcing Destinations in Europe (A.T. Kearney’s Global Services Location Index);

Tax relief for investment projects over EUR 5 million;

Acquisition of land and property through a Bulgarian registered company with up to 100% foreign ownership;

International Accounting Standards accepted since 1 January 2003;

Friendly people and good hospitality, excellent climate and nature, delicious food and drinks;

Qualified and knowledgeable business intermediates, consulting and advisory organisations to serve you - we are one of them!

Other facts for Bulgaria:


Investment Promotion Act: Investments must be related to the following sectors:

Manufacturing; Research & development; Education; Healthcare; High-tech services; Warehousing and logistics.

Minimum investment amounts must exceed €10m

€3.5 in regions with high unemployment and €2m

for investment projects in high-tech services

Benefits for certified investors include: Shortened administrative procedures; Preferential acquisition of state or municipal land; Financial support for professional training / education; Infrastructure subsidies;

Individual administrative services.


Attractive sectors:

Services: Transport and Logistics Information technologies Outsourcing of business processes Health and tourism related to healthy lifestyle

Industry: Transport equipment and machine building Electronics and Electrical engineering Chemical industry Food and Agriculture

Resources: Mining Oil Alternative energy


Your warehouse in Bulgaria

Your showroom and sales office in Bulgaria

Your production facility in Bulgaria

Your (low) tax payments in Bulgaria

Your key possibilities:

Are your costs rising faster than your business is growing?

Are you flexible and open to new ideas that will improve your earnings and ease your workload at the same time?

Why not give yourself a peace of mind and save $$$ by moving your production to one of the best locations in Europe as many successful companies have in the last few years?


Low cost, fast and effective commercial company set up with running costs $ 300-800 per month;

The lowest rental cost - warehouse rental $ 1-3 m2 per month;

Quick, cheap and easy delivery to your customers in Europe;

Customization, translation and printing of labels/stamps/manuals etc in all required languages according European standards;

Flexible delivery times, no order is too big or small, no waiting for groupage, no need big orders for container load, no risk of sea transport.

Your warehouse:


Easy first step decision and easy delivery for your small partners;

Fast reaction of first delivery for your bigger partners;

Working fast and easy with European invoices, no need for your customers to organize import documents;

Communication about the delivery in a comfortable time zone;

Easy and fast sample sending;

Available industrial zones in the country


Your warehouse:

The lowest rental cost - showroom/office rental $ 3-7 m2 per month, wide choice of easily accessible locations throughout the country;

Highly skilled personnel, the lowest monthly salary cost - average salary for an office employee is around $ 500 and for sales managers around $ 1 000 - 1 100;

Comfortable location for visiting your costumers;

Good infrastructure: Airports, seaports, road and rail transport;

Comfortable time zone for worldwide communication;

Easy and fast sample sending.

Your showroom and sales office:


The lowest rental cost - production facility rental around $1 - 3 m2 per month;

The lowest monthly salary cost - Low cost skilled production personnel with basic salary of $250 - 400 and $ 500 - 800 for a manager;

Unlimited product customization and preparation for the European and Worldwide markets;

EU product stamping and approval;

Taxation over raw products only;

Raw products can be sourced locally at a fraction of the cost (depending

on the availability of the country's resources)

Your production facility:


We are a professional consulting company offering a loyal, honest and flexible partnership, adjusted to your company's needs

We have the most experienced consulting practice in Bulgaria;

We offer a wide range of services;

We guarantee highly competitive, flexible rates depending on the level of commitment with the possibility of unlimited service expansion;

We pride ourselves with keeping an excellent level of successful, friendly and stress-free cooperation with all our worldwide professional contacts;

Partnership benefits:



Leading global investors have chosen Bulgaria:

Address: 46, Tulcha Street; Office

Center, 6th floor, Sofia, Bulgaria

Tel. : +359 / 2 422 42 40,

Fax: +359 / 2 489 00 96

E-mail: [email protected]

Web: www.hiron-mc.com

Our contacts:


mailto:[email protected]



http://www.hiron-mc.com/



Why invest in Bulgaria?

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