Bulgarian economy

useful information

German companies are successful in Bulgaria

Since the country joined the European Union in 2007, Bulgaria has become increasingly integrated into international value chains. The Bulgarian automotive and electrical industries are particularly closely intertwined, supplying vehicle parts and other intermediate products to European customers. Domestic and international companies operate modern production facilities in order to remain competitive.

This makes Bulgaria an attractive sales market for German equipment and machines.
The infrastructure programs offer further opportunities for supplies from Germany. The government will expand road, rail, electricity and broadband networks in the coming years. There is plenty of funding available from the European Union for this
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There are 3,800 German companies in Bulgaria
Companies such as the copper refiner Aurubis or retail chains such as Lidl, Kaufland and Rewe are successful in Bulgaria.
Siemens will open a software company in Varna in 2020
The management team became Team of the Year 2022 in Bulgaria
Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster and at scale.
Thanks to a tax rate (flat tax) for corporate tax and income tax of 10%, no trade tax and a withholding tax or dividend tax of 5%, Bulgaria is a legal tax haven in Europe for entrepreneurs, traders and investors.
In Bulgaria, properties owned for more than 3 years are not taxed. Without paying taxes, you can sell two apartments in Bulgaria in one calendar year. Subsequent transactions within a year are subject to income tax.



Income tax. In Bulgaria, this only means tax on the income of natural persons. It has a standard rate of 10% and is credited and paid in different ways depending on the type of income.
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Some examples:

https://www.siemens.com/bg/bg.html


https://www.aurubis.com/en/bulgaria/


https://www.lidl.bg/



https://www.bosch.bg/


https://www.ibm.com/us-en


https://www.cisco.com/c/bg_bg/about/contact-cisco.html


https://www.hp.com/bg-bg/home.html


https://www.sap.com/bulgaria/index.html?url_id=auto_hp_redirect_bulgaria



https://www.billa.bg/za-billa/billa-koi-sme-nie/rewe-group


https://www.aldo-bg.com/en/about


https://www.kaufland.bg/


https://www.gtai.de/de/trade/bulgarien/wirtschaftsumfeld/deutsche-firmen-sind-in-bulgarien-erfolgreich-788094#



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