Investment Encouragement Act and its regulations, together with the establishment of Foreign Investment Agency, made Bulgaria a more attractive place for foreign capital investments.

Some Competitive Advantages:

• Tax exemption for 5 years on investments exceeding BGN 10 Million per year in the fields of agriculture, high technology, and infrastructure; 
  • Low rates for corporate tax – 10%;
  • 5 % dividend tax;
  • Relatively low-cost entry to the EU market (Bulgaria is the EU member since 2007);
  • The lowest operating costs in the EU


• VAT exemption for 2 years for imports of equipment for investment projects exceeding 5 Mio Euro and opening at least 50 working places
  • Decreased Social security payments; the Bulgarian state is involved in the Social Security system as a third party in proportion -8:10:12
  • Favorable conditions for foreign investors according to the Investment Encouragement Act
  • Low labour costs 
  • Flexible taxation system for waste collection providing “fair charge” 
  • Use of taxation tools for attracting new investments, such as corporate-tax-free periods, additional benefits for accelerated amortization rates, etc.

We would like to outline some competitive advantages that distinguish our project from similar ones:

• Competitive labor costs in the region in comparison to other regions of the country and the remaining EU members.
• Access to full high-quality infrastructure, generally missing in similar projects
• Full support and wide range of services to the potential investors during the construction and the following operational periods.
• Perfect location, meeting the requirements of industrial and commercial sectors. Industrial Park Shumen is located next to a railway and the Sofia-Varna highway (in construction). It is also close to Varna Sea Port and Airport.
• Competitive selling prices
• In contrast to other similar projects Industrial Park Shumen is situated within city limits (regional centre). Eliminating possible problems with recruiting qualified personnel. 
• Experience in development of investment projects
• Privileged administrative services to all our investors, provided by the Municipality of Shumen