Foreign investments in Bulgaria in the field of informational technology have grown considerably in recent years. The benefits of investing in the IT sector in Bulgaria are obvious:
- Bulgaria is a member of the European Union and as such enshures the rights of free movement of goods, services and workers
- Bulgaria has a stable currency that is tied to the Euro at a fixed rate;
- Bulgaria has a stable public finances and low public debt;
- the taxes in Bulgaria are among the lowest in the European Union - including corporate tax and income tax by 10% flat rate;
- labor costs are among the lowest in the European Union;
- rents, including utilities (energy, water, municipal expenditure) for office space are also low compared to other countries of the European Union;
- the Internet infrastructure of the country is one of the best in the European Union and among the top ten in the world;
- high school and university graduates are well educated and often have fluency in English and German;
- the number of computer science students at the Bulgarian universities is growing continuously.
The employees of the law firm Ruskov and colleagues will accompany you in your investment in the field of informational technologies (IT) in Bulgaria. Our services also include:
- general legal and tax advice when entering the market of information technologies (IT) in Bulgaria;
- Support during the development of research centers and back offices in Bulgaria;
- Contract review and contract negotiation with local business partners (Internet and telecommunications service providers, recruiters, etc.);
- Contract review, contract drafting and contract management with landlords of office space in Bulgaria;
- Contract review and contract drafting with employees and freelancers in Bulgaria;
- general legal advice about Labour law in Bulgaria ;
- Tax and Accounting;
- Payroll Accounting;
- monthly VAT registration;
- annual preparation and filing of tax returns;
- Representation before the Tax Authorities;
- Representation before the Employment Rights Authorities