Lower Taxes for Foreign Investors
Bulgaria devises a low-tax strategy for attracting investors. Partitions of the corporate tax and the insurances are planned to be assigned to foreign investors. So, instead of paying all due taxes to the fisc, they will be allowed to use some of them for enlarging their activities.
Also, investors will avail of faster administrative service. "These are some of the new measures for attracting foreign investments that were submitted for discussion to Bulgaria's Council of Ministers," Borislav Stefanov, head of the Bulgarian Investment Agency told the Standart. The measures have been designed by experts from the Agency, the Ministry of Economy, research €.'. Kearney Company and the Centre for Economic Strategies.
The measures aim at attracting investments for the high value added sectors of the economy like electronics, electrical engineering and machine construction. (Source: Standart News)