Government subsidy for Turkish investors, who have invested abroad
By virtue of Article 9 of the Market research and support to the market access Communiqué 2011/1 with the purpose of establishing of market entry strategies and action plans for companies and organizations with cooperation abroad;
а) Expenditure related to sector, state, foreign companies or industry reports (including financial and legal reports), which are ordered and purchased from international organizations,
б) Expenditure related to consultancy services (including financial and legal advice) received by international organizations solely for the purchase of foreign companies
An allocation of 60% is made for companies, 75% for joint ventures up to 200 000 USD per year.
Advantages of the Bulgarian Investment Promotion Act
– The Bulgarian government provides financial support for provision of trained staff, necessary for the new investment or additional investment in the country.
– The Bulgarian state provides financial support for construction of technical infrastructure, necessary for the new investment or additional investment in the country.
– The Bulgarian state returns to the employers of enterprises, which had invested in the country, the social security and health insurance premiums, if they need new employees.
-The Bulgarian Value Added Tax Act makes provisions for the possibility to postpone the VAT debt (20%) for a period of 2 years in case of equipment import (machines, devices, etc.), within investment projects exceeding EUR 2.5 million and employing at least 20 people.