Asarel Investment Inc

– EU/ EFTA
– Russia
– Turkey/ Middle East

– Highly qualified and multilingual workforce
– Most competitive labor costs in Europe

– member of EU and NATO

– Real GDP growth rate: 1,7 % (2014)
– Inflation rate: annual average rate of change: -1,6 % (2014)
– Unemployment rate: 11,4 % (2014)
– Stable currency: Bulgarian Lev has been pegged to the Euro
– Budget deficit: 5,8 % of GDP (2014)
– Gross public debt: 27 % of GDP (2014)
– Investment grade credit rating by the three major credit rating agencies: Moody’s: Baa2; S&P”: BBB+; Fitch: BBB-

– Corporate tax rate: 10%;
– Tax rate on personal income: 10%
– A 2-year import VAT exemption of equipment for investment projects of more than
EUR 5 million which create at least 50 job positions
– Depreciation period for computers and new manufacturing equipment: 2 years
– Possibility for deducting research and development costs
– Withholding tax rate on dividends and liquidation quotas: 5% (0% for EU companies)

– Information services and shorter wait times for administrative processing
– State financing for basic infrastructure and for training new staff