Invest in Sofia properties

Many people around the world discovered Bulgaria for the first time. A country of contrasts with its amazing landscapes ancient traditions, low cost of living and easy journey time to London.
Bulgaria, is mirroring the Spanish property cycle began over a quarter of a century ago! Twenty year’s from now the Bulgarian property market will seem (just like Spain) over-priced for second homebuyers. In the mean time Bulgaria will have grown on the strength of its EU membership, by pumping millions of euros into improving its infrastructure. Tourism will generate huge amounts of wealth for the economy and the poverty that characterises much of the country now will probably be a thing of the past.
Sofia scores highly for genuine investment opportunity. The primary reason being that the city is already starting to attract inward investment because of the affordable well motivated and skilled workforce.
This in turn brings in both more people and investment and creates greater buying and spending power. This is reflected in the need for modern quality accommodation and today’s investor will see a steady increase for years to come.
1/ Highly-skilled, multilingual workforce at Europe's most competitive wages
2/ Stable and predictable business and political environment, economic stability and strong growth.
3/ EU membership on January 1, 2007 gives access to markets of over 500 million consumers already a full member of NATO.
4/ The lowest operational costs and tax rates in a European market economy
5/ Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey
6/ Excellent climate, natural scenery, food and hospitality
7/ Flat corporate income tax rate of 15% (2006 expected rate: 12%) free movement of capital. No restrictions on after-tax repatriation of profits
8/ VAT exemption on equipment imports for investment projects over Eur 5 million
9/ Annual depreciation rate of 30% for machinery & equipment, 50% for new equipment used in entirely new investment or expansion and 50% for software and hardware.
10/ Acquisition of land and property through Bulgarian registered company with 100% foreign ownership
11/ 55 treaties for avoidance of double taxation
12/ 52 agreements on mutual protection and promotion of foreign investment
13/ Three hours’ flying time from UK airports
14/ Bulgarian government has put in place roposals to relax non-national property ownership laws, enabling foreigners to buy land and property quickly and easily.Opportunity to buy land through a company registered in Bulgaria with up to 100% foreign ownership.
15/ Tourism industry has grown rapidly in last couple of years Tourism & property investments & developments are among government priority areas
16/ Property Prices have risen dramatically in last two years and will continue to do so for the foreseeable future with many property developers believing the peak to be a long way off.