The “Bulgarian Investment Climate” Seminar, organised alongside the International Bar Association Conference in Dubai, examined the main benefits of investing in Bulgaria. The event was supported by the Bulgarian Consulate in Dubai, and proved a great success.
The Seminar took the format of a 40-minute presentation followed by Q&A and a networking opportunity, between 16:00 – 17:30 on the 31st October, and was held at the Hilton Dubai Creek.
“Bulgarian Investment Climate” complemented other talks at the 2011 IBA Conference. The event aimed to offer guidance on the investment climate in Bulgaria to lawyers whose clients have an interest in the Central and Eastern European region or who are more broadly interested in using the modern legal framework and the cost advantages of Bulgaria to step into the EU marketplace.
Topics the seminar covered included:
- Stable political environment & low country risk (NATO membership; EU membership)
- Macroeconomic and financial stability
- EU’s most favourable taxes:
- 10% corporate income tax rate; 0% in high-unemployment areas
- 10% flat tax rate on personal income
- 2-year VAT exemption for imports of equipment for investment projects over € 5 million, creating at least 50 jobs
- opportunity for R&D expenditure write-off
- 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents)
Should you have any questions about the event, simply e-mail Miss Denny Jicheva, Business Development Associate at denny.jicheva@newbalkanslawoffice.com.