Bulgaria is located in Eastern Europe situated in the heart of the Balkan Peninsula. It borders the Black sea to the East, Greece and Turkey to the South, Serbia and Macedonia to the West, and Romania to the North along the river Danube.
Bulgaria boasts an old and rich history, it has excited for over 13 centuries. Founded in the year 681, Bulgaria has linked the East and West, controlling the key land routes from Europe to the Middle East and Asia for millennia. Many of the world's greatest cultures have inhabited this beautiful country, leaving behind a veritable treasure trove of unbelievable historical riches.
Bulgaria's natural landscape is breathtaking all year round – it has lush green hills, fertile plains, and magnificent rivers. The Southwest of the country is mountainous and includes the highest peak of the Balkan Peninsula, peak Musala at 2925 meters (9,596 ft); the range of the Balkan mountains runs West-East through the middle of the country, North of the famous Rose Valley. Bulgaria is a home to world class skiing resorts. It also has endless, sandy beaches along the Black Sea. The country is on the second place in the World by number of mineral water springs-around 600, whose baths and health spas are famous tourist attractions. That makes the country very attractive to foreign tourists and investors.
Marked by four distinct seasons, Bulgaria enjoys a generally favorable climate - cold, damp winters and hot, dry summers. That is one of the country's best features.
Bulgaria is a state member of the United Nations, the European Council and other international government organizations. Bulgaria is a full member of NATO from 2004 and the European Union from 1st of January 2007.
In its annual 2002 report, the European Commission assessed Bulgaria as a fully functional market economy. The Bulgarian economy is working under currency board. The currency Lev is pegged to the Euro (1 Bulgarian Lev=1.95583 Euro), which provides a stable and predictable macro economic environment
WHY INVEST IN BULGARIA?
Bulgaria’s liberal financial policy and continuous economic growth have become very attractive to foreign investments. During recent years, a significant number of international companies have opened offices in Bulgaria. In addition, local companies are also increasing their share of business in Bulgaria and abroad.
Bulgaria offers foreign investors some of the world's most competitive business costs. Real estate investment has produced a plentiful supply of modern offices at very competitive costs. Corporate taxes and labor costs are quite low for European standards. Privatization and deregulation are creating sophisticated public utility and telecommunications industries. It has highly-skilled, multilingual workforce at Europe's most competitive wages. The aptitude of workers and the relative low cost of labor are considerable incentives for foreign companies to invest in Bulgaria.
Bulgaria is currently one of the top countries for property investment. In the last two years property prices have risen by over 50% in some regions and are expected to grow at the same rate.
In the capital Sofia the most strongly developed types are the urban, office and commercial investments.
From a tourism perspective, the most popular investments are the real estate on the coast and in the ski resorts.
The biggest sea resorts are Albena, Sunny Beach, Golden Sands, Nessebar, Sozopol and others, which are serviced by two main airports at Bourgas and Varna.
The mountain destinations have grown in popularity substantially in recent years. Some of the most famous resorts are Bansko in the Pirin Mountain, Borovetz in the Mountain of Rila and Pamporovo in the Rodopi Mountain. Skiing is also available in Sofia on Vitosha Mountain.
The rural developments have strong tradition in Bulgaria. Most attractive to foreign investors in rural developments are again the mountains. A lot of purchasers are attracted by the mineral water springs and prefer to invest in villages with mineral waters.
Highly profitable rental returns are achieved through holiday rentals.
Today, you have the opportunity to buy in Bulgaria. This opportunity is not without risk.
As a local legal consultant we can help you make a good decision and safe investment.
If you require advice and are looking for fast and professional service contact our managing partner to arrange a meeting.
