As part of the European Union, Romania stands for an incredible market opportunity in terms of size (the 8th in EU27) and population (the 6th in EU27), as the second largest country in Central and Eastern Europe and the largest in SEE. Following the country\u2019s EU accession in 2007, investors here find themselves within a single market of almost 500 million consumers, as one of the largest in the world, providing unique advantages for companies seeking new markets for development and growth. Besides its belonging to the great European family.<\/p>\n<\/div>\n<\/div>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n
2. Strategic Location<\/h2>\n
[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
- \n
- Over the years, Romania has been able to cash-in on its geo-strategic location, as positioned at the crossroads of three great markets: the European Union, the CIS states and the Middle East, being crossed by three important pan-European transport corridors:\n
- \n
- no. 4 linking Europe from West to East,<\/li>\n
- no. 9 from North to South and<\/li>\n
- no. 7 facilitating inland water transportation on the Danube.<\/li>\n<\/ul>\n<\/li>\n
- Romania owns 1\/3 of the Danube River and it stands also as the most significant gateway to the Black Sea through Constanta Port, the largest and deepest port at the Black Sea (with a 6 days reduction in maritime travel time, providing a competitive advantage against the biggest European port, Rotterdam, with regard to the Asian goods transport by sea).<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n
- <\/ul>\n<\/div>\n<\/div>\n
- Projecting itself more effectively on the world investment map throughout cost-competitive business climate and maintaining its position as one of the most investment-conducive countries in the pool represents a mandatory achievement for Romania. Therefore, the country secured a sound, healthy economy, enjoying generous state aid schemes and a competitive tax system \u2013 one of the lowest flat tax, VAT and income tax rates in the EU as well as tax exemption on reinvested profit.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n
- \n
- The friendly business climate stands for solid ground in achieving sustainable global competitiveness, being designed to satisfy the international business community need for successful projects to be implemented.<\/li>\n
- A significant network of 96 industrial parks spread across the country with both private and public ownership, brings to investor\u2019s fingertips suitable locations with access to utilities & benefit packages according to their focus, for successful project implementation.<\/li>\n
- There are no longer any major restrictions, regarding foreign investment.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
4. Common Management Structures<\/h2>\n
[\/et_pb_text][et_pb_image src=”https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/03\/kaleidico-3V8xo5Gbusk-unsplash-scaled.jpg” title_text=”kaleidico-3V8xo5Gbusk-unsplash” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
- \n
- Management Structure –<\/strong> Joint stock companies can adopt a one-tier (that is, board of directors) or a two-tier (that is, directorate and supervisory board) management structure. Limited liability companies are managed under a one-tier structure.<\/span><\/li>\n
- Management Restrictions –<\/strong> There are no restrictions on the appointment of foreign managers. In general, they must have the civil capacity to exercise such a position and must not have a conviction for financial crimes (including financing terrorism and money laundering).<\/span><\/li>\n
- Directors’ and officers’ liability – <\/strong>With certain exceptions, directors are jointly liable to the company for any mismanagement. They can be held criminally liable for embezzlement, forgery, use of forgery, bribery and fraudulent management. Shareholders’ liability in joint stock and limited liability companies is limited to their contribution to share capital. However, in certain limited circumstances, a shareholder can be held jointly liable for the financial obligations of an insolvent company. For example, a shareholder taking advantage of the limited character of the company’s liability and of its distinct legal personality.<\/span><\/span><\/li>\n
- Parent company liability – <\/strong>A parent company is generally liable for actions undertaken by its branch, but not for the actions undertaken by its subsidiary (unless the subsidiary is insolvent and the conditions of Article 27 of the Fiscal Procedure Code’s conditions are met), where the branch does not enjoy legal personality and the subsidiary does.
From a competition perspective, a parent company may be liable for the infringement of its subsidiary, in case the former has the ability to exercise decisive influence over the conduct of the latter. A 100% shareholding in a subsidiary creates a presumption of such decisive influence. This is rebuttable if the parent company can prove that the subsidiary acted independently and determined its own commercial behaviour. If liability is assigned to the parent company, the competition authority can hold both the parent company and the subsidiary jointly and severally liable for the fine (which will be applied to the consolidated turnover of the parent company).<\/span><\/li>\n- Work permits – f<\/strong>oreign employees (that is, non-EU, non-EEA (European Economic Area) and non-Swiss Confederation third country nationals) require work visas, work authorisations and residence permits to enter, work and stay in Romania. <\/span><\/li>\n<\/ul>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_color=”#E09900″ top_divider_style=”slant” top_divider_color=”#FFFFFF” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”5%||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Our Local and International Interim Managers already supported companies and Private Equity Funds in:<\/span><\/strong><\/h1>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
- \n
- Due diligence before acquisition<\/span><\/li>\n
- Greenfield<\/span><\/li>\n
- Brownfield<\/span><\/li>\n
- Relocation of production<\/span><\/li>\n
- Performance Improvement \/ Lean<\/span><\/li>\n<\/ul>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
- \n
- Governance and Transparency<\/span><\/li>\n
- ERP\/ SAP Implementation<\/span><\/li>\n
- Digital Transformation<\/span><\/li>\n
- Market entry<\/span><\/li>\n
- Business Development<\/span><\/li>\n
- Sales Channels and Market Approach<\/span><\/li>\n<\/ul>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”https:\/\/go.eim.com\/l\/877322\/2022-03-11\/hxzwfc” url_new_window=”on” button_text=”Learn more about Offshoring and Reshoring” button_alignment=”center” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” button_text_color=”#002C3E” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ prev_background_color=”#E09900″ _builder_version=”4.16″ _module_preset=”default” background_color=”#FFFFFF” top_divider_style=”slant” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
5. Dividends, Interest paid<\/span><\/h2>\n
[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Dividends paid<\/strong> – Dividend income is taxed as follows:<\/p>\n
- \n
- 0% for corporate shareholders residing in the EEA (that is, the EU plus Iceland, Liechtenstein and Norway) if certain conditions are met. However, as of 1 January 2014, citizens of Iceland, Liechtenstein and Norway will no longer benefit from this exemption.<\/li>\n
- 16% in all other cases. This can be reduced or even eliminated by a treaty for the avoidance of double taxation.<\/li>\n
- Dividends received – <\/strong>Dividend income received from an EU subsidiary will be exempt from corporate income tax if the Romanian company has held at least 10% of the share capital of the distributing company for an uninterrupted period of at least two years, ending at the dividend distribution date.
Other dividend income is included in the general taxable basis and is subject to 16% corporate income tax. Under certain circumstances a tax credit can beobtained in Romania.<\/li>\n<\/ul>\n<\/strong><\/strong>Interest paid –\u00a0 <\/strong>Interest income is taxed as follows:<\/p>\n
- \n
- 0% for corporate shareholders residing in the EEA, if the beneficiary of interest income has held a minimum of 25% of the share capital of the Romanian company paying the interest income for an uninterrupted period of at least two years, ending at the date of interest payment.<\/li>\n
- 16% in all other cases. This can be reduced or eliminated by claiming the provisions of the treaty for the avoidance of double taxation.<\/li>\n<\/ul>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ prev_background_color=”#FFFFFF” _builder_version=”4.16″ _module_preset=”default” background_color=”#E09900″ top_divider_style=”slant” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Interested in doing business in the CEE Region? Check our dedicated page for Bulgaria<\/span><\/p>\n
[\/et_pb_text][et_pb_button button_url=”https:\/\/go.eim.com\/l\/877322\/2022-03-11\/hxzwf5″ url_new_window=”on” button_text=”Doing Business in Bulgaria” button_alignment=”center” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” button_text_color=”#002C3E” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_color=”#002C3E” top_divider_style=”slant” top_divider_color=”#E09900″ global_colors_info=”{}”][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#002c3e” min_height=”513.5px” custom_margin=”||||false|false” top_divider_color=”#FFFFFF” top_divider_flip=”vertical|horizontal” bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_margin=”-46px|auto||auto||” custom_padding=”105px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Title” _builder_version=”4.16″ text_font=”||||||||” text_text_color=”#ffffff” header_font=”Prata||||||||” header_2_font=”Montserrat|700|||||||” header_2_text_align=”center” header_2_font_size=”30px” header_3_text_align=”center” header_3_text_color=”#ffffff” custom_margin=”||5px|” custom_padding=”||0px|||” animation_style=”fade” animation_direction=”top” animation_duration=”1350ms” animation_starting_opacity=”100%” inline_fonts=”Prata,Montserrat” global_colors_info=”{}”]<\/p>\n
Let’s discuss the opportunities together<\/span><\/h3>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ custom_padding=”|||5%|false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_button button_url=”https:\/\/www.linkedin.com\/in\/marcus-gerbershagen-6608714\/” button_text=”Send me a message over LinkedIn” button_alignment=”center” _builder_version=”4.24.2″ custom_button=”on” button_text_color=”#ffffff” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″ custom_margin=”|||-80px|false|false”][\/et_pb_button][et_pb_button button_url=”mailto:m.gerbershagen@eim.com” button_text=”Discuss confidentially via an e-mail” button_alignment=”center” _builder_version=”4.24.2″ custom_button=”on” button_text_color=”#ffffff” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″ custom_margin=”|||-80px|false|false”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ custom_padding=”0px||1px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.24.2″ text_text_color=”#ffffff” text_font_size=”16px” ul_text_align=”left” module_alignment=”center” custom_margin=”||||false|false” custom_padding=”|20%||20%|false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
EIM Executive Interim Management CEE
<\/span>Together we can find the solution you are looking for<\/span><\/p>\n<\/span><\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_image=”https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/aleksandra-a-61iLua7pgn8-unsplash-scaled.jpg” min_height=”558px” global_colors_info=”{}”][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws<\/p>\n","protected":false},"author":20,"featured_media":15709,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section fb_built=\"1\" disabled_on=\"on|on|off\" admin_label=\"Hero Section\" _builder_version=\"4.14.6\" use_background_color_gradient=\"on\" background_color_gradient_start=\"rgba(0,0,0,0.4)\" background_color_gradient_end=\"rgba(0,0,0,0.4)\" background_color_gradient_overlays_image=\"on\" background_image=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/alexandr-bormotin-UPoSvgmFKmo-unsplash-scaled.jpg\" height=\"710px\" custom_padding=\"||||false|false\" bottom_divider_style=\"slant\" bottom_divider_color=\"#ffffff\" bottom_divider_height=\"150px\" bottom_divider_flip=\"horizontal\" animation_style=\"slide\" animation_direction=\"top\" animation_duration=\"2000ms\" saved_tabs=\"all\" global_colors_info=\"{}\" background_color_gradient_direction__hover=\"180deg\" background_color_gradient_direction__hover_enabled=\"180deg\" background_color_gradient_start_position__hover=\"0%\" background_color_gradient_start_position__hover_enabled=\"0%\" background_color_gradient_end_position__hover=\"100%\" background_color_gradient_end_position__hover_enabled=\"100%\"][et_pb_row _builder_version=\"4.4.7\" width=\"100%\" module_alignment=\"center\" min_height=\"112px\" custom_margin=\"0%||||false|false\" custom_padding=\"||||false|false\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"3.27.4\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" header_font=\"Montserrat|700|||||||\" header_text_color=\"#ffffff\" header_font_size=\"50px\" header_2_font=\"Montserrat|800|||||||\" header_2_text_align=\"center\" header_2_text_color=\"#ffffff\" header_2_font_size=\"55px\" width=\"90%\" module_alignment=\"center\" custom_margin=\"||||false|false\" custom_padding=\"||||false|false\" header_text_shadow_style=\"preset1\" header_text_shadow_horizontal_length=\"0.1em\" header_2_text_shadow_style=\"preset1\" header_2_text_shadow_horizontal_length=\"0.1em\" global_colors_info=\"{}\"]
DOING BUSINESS IN BULGARIA<\/span><\/h2>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" disabled_on=\"off|off|on\" admin_label=\"Hero Section\" _builder_version=\"4.14.6\" use_background_color_gradient=\"on\" background_color_gradient_start=\"rgba(0,0,0,0.4)\" background_color_gradient_end=\"rgba(0,0,0,0.4)\" background_color_gradient_overlays_image=\"on\" background_image=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/alexandr-bormotin-UPoSvgmFKmo-unsplash-scaled.jpg\" height=\"520px\" custom_padding=\"||||false|false\" bottom_divider_style=\"slant\" bottom_divider_color=\"#ffffff\" bottom_divider_height=\"150px\" bottom_divider_flip=\"horizontal\" saved_tabs=\"all\" global_colors_info=\"{}\" background_color_gradient_direction__hover=\"180deg\" background_color_gradient_direction__hover_enabled=\"180deg\" background_color_gradient_start_position__hover=\"0%\" background_color_gradient_start_position__hover_enabled=\"0%\" background_color_gradient_end_position__hover=\"100%\" background_color_gradient_end_position__hover_enabled=\"100%\"][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"3.27.4\" custom_margin=\"||1%||false|false\" custom_padding=\"0%||0%||true|false\" saved_tabs=\"all\" global_colors_info=\"{}\"][et_pb_row admin_label=\"Title Area\" _builder_version=\"3.27.4\" background_color=\"rgba(0,0,0,0)\" width=\"100%\" module_alignment=\"center\" custom_margin=\"||||false|false\" custom_padding=\"0px|0px|0px|0px|false|false\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"3.25\" custom_padding=\"|||\" global_colors_info=\"{}\" custom_padding__hover=\"|||\"][et_pb_text admin_label=\"Title\" _builder_version=\"4.4.7\" text_font=\"||||||||\" header_font=\"Montserrat|700|||||||\" header_text_align=\"center\" header_2_font=\"Montserrat||||||||\" header_2_text_align=\"center\" header_2_font_size=\"32px\" width=\"90%\" module_alignment=\"center\" custom_margin=\"5%||5%||false|false\" custom_padding=\"11px||||false|false\" animation_style=\"fade\" animation_direction=\"top\" animation_duration=\"1350ms\" animation_starting_opacity=\"100%\" inline_fonts=\"Prata,Montserrat\" global_colors_info=\"{}\"]
WHY BULGARIA<\/h1>\n
<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.7.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_row column_structure=\"1_2,1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_2\" _builder_version=\"4.7.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
1. Political and business stability<\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Bulgaria is a member of the European Union, NATO and WTO<\/li>\n
- The stability of the currency is supported by the currency board, pegging the Bulgarian lev to the euro at the level of 1.96<\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_2\" _builder_version=\"4.7.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" locked=\"off\" global_colors_info=\"{}\"]
2. Strategic Location<\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Located at the heart of the Balkans, Bulgaria is a strategic logistics hub. Ease of transportation of cargo is provided by:\n
- \n
- Five Pan-European corridors ( IV, VII, VII, XI, X), which pass through the country<\/li>\n
- Transport program TRACECA, which connects Europe with Caucasian and Central Asian region<\/li>\n
- Four major airports: Sofia, Plovdiv, Bourgas and Varna<\/li>\n
- Two main seaports: Varna and Bourgas<\/li>\n
- Numerous ports at the Danube River<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_2,1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_2\" _builder_version=\"4.7.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_image src=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/blg1.jpg\" title_text=\"blg1\" _builder_version=\"4.14.6\" _module_preset=\"default\" module_alignment=\"center\" max_height=\"434px\" global_colors_info=\"{}\"][\/et_pb_image][\/et_pb_column][et_pb_column type=\"1_2\" _builder_version=\"4.7.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" locked=\"off\" global_colors_info=\"{}\"]
3. Access to Markets<\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Due to its location Bulgaria provides direct access to the following key markets:\n
- \n
- European Union - zero tariff market with population of 500 million<\/li>\n
- CIS \u2013 still not well penetrated market with a high potential<\/li>\n
- Turkey - zero tariff market of near 80 million population<\/li>\n
- Middle East \u2013 a market with high purchasing power<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_2,1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
4. Human Resources<\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Work force is well educated, highly skilled and multilingual<\/li>\n
- 62.2 % of the total population is in working age (appr. 4.6 million)<\/li>\n
- 60 000 students annually graduate from 51 universities<\/li>\n
- 98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian)<\/li>\n
- 94% of the schools have Internet access<\/li>\n
- One of the more compelling statistics about the state of Bulgaria's education is that more than two-thirds of students study English.<\/li>\n
- Moreover, the curricula at more than 100 high schools are taught in a foreign language. Increasingly, given the lower costs of study and living,<\/li>\n
- Bulgaria is also attracting a lot of international students, with more than 10,000 non-native students enrolled in domestic universities or colleges.<\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_image src=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/s2.jpg\" title_text=\"s2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_2,1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_image src=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/b3.jpg\" title_text=\"b3\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][\/et_pb_image][\/et_pb_column][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
5. Support for Certified Investors<\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
As part of the EU's multi-billion-euro scheme to fund development in several key industries, the Bulgarian government provides funding support for certain sectors. The Investment Promotion Act (IPA) invests in research and development, high-tech services, warehousing and logistics, and manufacturing, as well as other crucial industries. In addition, certified investors also receive a wide variety of benefits, including participation in a priority investing scheme.<\/p>\n
Here are just some of the advantages of these schemes: <\/p>\n
- \n
- Shortened administrative procedures. <\/li>\n
- Financial support for education and professional training. <\/li>\n
- Infrastructure subsidies. <\/li>\n
- Priority purchasing of state or municipal land. <\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.14.6\" _module_preset=\"default\" background_color=\"#E09900\" top_divider_style=\"slant\" top_divider_color=\"#FFFFFF\" global_colors_info=\"{}\"][et_pb_row _builder_version=\"4.14.6\" _module_preset=\"default\" custom_padding=\"5%||||false|false\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
Our Local and International Interim Managers already supported companies and Private Equity Funds in:<\/span><\/strong><\/h1>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_2,1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Due diligence before acquisition<\/span><\/li>\n
- Greenfield<\/span><\/li>\n
- Brownfield<\/span><\/li>\n
- Relocation of production<\/span><\/li>\n
- Performance Improvement \/ Lean<\/span><\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_2\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- \n
- Governance and Transparency<\/span><\/li>\n
- ERP\/ SAP Implementation<\/span><\/li>\n
- Digital Transformation<\/span><\/li>\n
- Market entry<\/span><\/li>\n
- Business Development<\/span><\/li>\n
- Sales Channels and Market Approach<\/span><\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" prev_background_color=\"#E09900\" _builder_version=\"4.14.6\" _module_preset=\"default\" background_color=\"#FFFFFF\" top_divider_style=\"slant\" global_colors_info=\"{}\"][et_pb_row _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
6. Investment Promotion Act<\/span><\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
The 2004 Investment Promotion Act (revised in 2018) stipulates equal treatment of foreign and domestic investors.<\/span><\/p>\n
The law encourages investment in manufacturing, services, high\u00a0technology, education,\u00a0and human resource development\u00a0via a range of incentives, which include:<\/span><\/p>\n
- \n
- helping investors purchase municipal or state-owned land without tender,<\/span><\/li>\n
- providing\u00a0state financing for basic infrastructure and for training new staff,\u00a0and<\/span><\/li>\n
- reimbursing the\u00a0employer\u2019s\u00a0portion\u00a0of\u00a0social security payments.<\/span><\/li>\n<\/ul>\n
The law\u00a0also provides tax\u00a0incentives and\u00a0fast-track administrative procedures for public-private partnerships.\u00a0 Priority investors\u00a0may receive incentives such as<\/span><\/p>\n
- \n
- below-market prices when acquiring\u00a0property rights (full or limited)\u00a0from the\u00a0central or municipal government,<\/span><\/li>\n
- government grants for research and development (R&D) and education projects, and<\/span><\/li>\n
- institutional support for establishing PPPs.<\/span><\/li>\n<\/ul>\n
Additional investment incentives\u00a0include\u00a0a<\/span><\/p>\n
- \n
- two-year valued-added tax (VAT) exemption on equipment imports\u00a0for\u00a0investment projects over EUR 2.5 million, provided the project will be implemented within a two-year period and create at least 20 new jobs.<\/span><\/li>\n
- Corporate income tax exemption can also be granted\u00a0for\u00a0manufacturing projects,\u00a0with no minimum investment requirement,\u00a0that\u00a0are implemented in high unemployment areas (25 percent higher than average nationwide unemployment) and create at least 10 jobs, of which at least fifty percent are created in productive sector.<\/span><\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
7. Foreign Trade Zones\/Free Ports\/Trade Facilitation
<\/span><\/h2>[\/et_pb_text][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]- \n
- EU integration encouraged local authorities to\u00a0seek partnerships with the private sector and provide resources (i.e., land, infrastructure, etc.) for the development of industrial zones and technological parks.\u00a0 <\/span>
<\/span><\/li>\n- The\u00a0Trakia\u00a0Economic Zone in south-central Bulgaria is one of the largest industrial area in Southeast Europe, attracting over EUR 2 billion in investment and sustaining over 30,000 jobs. \u00a0<\/span>
<\/span><\/li>\n- In addition, the\u00a0state-owned National Industrial Zones\u00a0Company\u00a0(NIZC) currently\u00a0operates fully functioning industrial zones in\u00a0Sofia,\u00a0Burgas, Vidin, Ruse,\u00a0Svilengrad, Stara Zagora and Varna.\u00a0 <\/span>
<\/span><\/li>\n- Under construction are future industrial zones in Suvorovo (Varna), Telish (Pleven), Kardzhali and Karlovo. <\/span>
<\/span><\/li>\n- Investors in these economic zones benefit from established\u00a0infrastructure,\u00a0location,\u00a0and transport\u00a0logistics. The common thread among all these economic zones is that they are either located in regions with sufficient available labor, in poor regions where the government provides special investment incentives, or at important cross-border junctures. <\/span><\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.14.6\" _module_preset=\"default\" background_color=\"#002C3E\" top_divider_style=\"slant\" top_divider_color=\"#FFFFFF\" global_colors_info=\"{}\"][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.4.7\" background_color=\"#002c3e\" min_height=\"513.5px\" custom_margin=\"||||false|false\" top_divider_color=\"#FFFFFF\" top_divider_flip=\"vertical|horizontal\" bottom_divider_color=\"#ffffff\" bottom_divider_flip=\"horizontal\" locked=\"off\" global_colors_info=\"{}\"][et_pb_row _builder_version=\"3.27.4\" custom_margin=\"-46px|auto||auto||\" custom_padding=\"105px|||||\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"3.27.4\" global_colors_info=\"{}\"][et_pb_text admin_label=\"Title\" _builder_version=\"4.14.6\" text_font=\"||||||||\" text_text_color=\"#ffffff\" header_font=\"Prata||||||||\" header_2_font=\"Montserrat|700|||||||\" header_2_text_align=\"center\" header_2_font_size=\"30px\" header_3_text_align=\"center\" header_3_text_color=\"#ffffff\" custom_margin=\"||5px|\" custom_padding=\"||0px|||\" animation_style=\"fade\" animation_direction=\"top\" animation_duration=\"1350ms\" animation_starting_opacity=\"100%\" inline_fonts=\"Prata,Montserrat\" global_colors_info=\"{}\"]
Let's discuss the opportunities together<\/span><\/h3>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"2_5,3_5\" _builder_version=\"4.4.7\" custom_padding=\"|||5%|false|false\" locked=\"off\" global_colors_info=\"{}\"][et_pb_column type=\"2_5\" _builder_version=\"4.4.7\" global_colors_info=\"{}\"][et_pb_image src=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2019\/12\/bohuslav.jpg\" align=\"center\" _builder_version=\"4.4.7\" max_width=\"170px\" module_alignment=\"center\" locked=\"off\" global_colors_info=\"{}\"][\/et_pb_image][\/et_pb_column][et_pb_column type=\"3_5\" _builder_version=\"4.4.7\" global_colors_info=\"{}\"][et_pb_button button_url=\"https:\/\/calendly.com\/bohuslav-lipovsky\" url_new_window=\"on\" button_text=\"Talk to me personally on the phone\" button_alignment=\"center\" _builder_version=\"4.4.7\" custom_button=\"on\" button_text_color=\"#ffffff\" global_colors_info=\"{}\"][\/et_pb_button][et_pb_button button_url=\"https:\/\/www.linkedin.com\/in\/bohuslav-lipovsky-eim\/\" button_text=\"Send me a message over LinkedIn\" button_alignment=\"center\" _builder_version=\"4.4.7\" custom_button=\"on\" button_text_color=\"#ffffff\" global_colors_info=\"{}\"][\/et_pb_button][et_pb_button button_url=\"mailto:b.lipovsky@eim-cee.com\" button_text=\"Discuss confidentially via an e-mail\" button_alignment=\"center\" _builder_version=\"4.4.7\" custom_button=\"on\" button_text_color=\"#ffffff\" global_colors_info=\"{}\"][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.4.7\" custom_padding=\"0px||1px||false|false\" locked=\"off\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"3.27.4\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.4.7\" text_text_color=\"#ffffff\" text_font_size=\"16px\" ul_text_align=\"left\" module_alignment=\"center\" custom_margin=\"||||false|false\" custom_padding=\"|20%||20%|false|false\" global_colors_info=\"{}\"]
Bohuslav Lipovsky,\u00a0Managing Partner
EIM Executive Interim Management CEE
<\/span>Together we can find the solution you are looking for<\/span><\/p>\n<\/span><\/p>[\/et_pb_text][et_pb_toggle title=\"About Bohuslav\" open_toggle_text_color=\"#e09900\" open_toggle_background_color=\"#002c3e\" closed_toggle_background_color=\"#002c3e\" _builder_version=\"4.4.7\" title_text_color=\"#e09900\" body_text_color=\"#e09900\" body_font_size=\"16px\" width=\"90%\" module_alignment=\"center\" border_color_all=\"#e09900\" locked=\"off\" global_colors_info=\"{}\"]
Bohuslav leads companies and their managers through complex changes resulting from crisis, restructuring or post-merger integration. He focuses on working with private equity firms and international corporations. His strength lies in developing a transformation strategy and leading of multi-cultural teams.<\/p>\n
Bohuslav has international experience, he has been active in interim management for several years, speaks several languages, and has extensive experience from numerous projects.<\/p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.14.6\" _module_preset=\"default\" background_image=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/aleksandra-a-61iLua7pgn8-unsplash-scaled.jpg\" min_height=\"558px\" global_colors_info=\"{}\"][\/et_pb_section]","_et_gb_content_width":"","footnotes":""},"class_list":["post-15632","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\n
EIM | Romania | CEE | Interim<\/title>\n<meta name=\"description\" content=\"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.eim.com\/cee\/doing-business-romania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Doing Business in Romania\" \/>\n<meta property=\"og:description\" content=\"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.eim.com\/cee\/doing-business-romania\/\" \/>\n<meta property=\"og:site_name\" content=\"We are the Inventors of Executive Interim Management\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-19T13:43:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2052\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/\",\"url\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/\",\"name\":\"EIM | Romania | CEE | Interim\",\"isPartOf\":{\"@id\":\"https:\/\/www.eim.com\/cee\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg\",\"datePublished\":\"2022-02-09T11:51:26+00:00\",\"dateModified\":\"2024-03-19T13:43:09+00:00\",\"description\":\"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws\",\"breadcrumb\":{\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.eim.com\/cee\/doing-business-romania\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage\",\"url\":\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg\",\"contentUrl\":\"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg\",\"width\":2052,\"height\":2560},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.eim.com\/cee\/doing-business-romania\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.eim.com\/cee\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Doing Business in Romania\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.eim.com\/cee\/#website\",\"url\":\"https:\/\/www.eim.com\/cee\/\",\"name\":\"We are the Inventors of Executive Interim Management\",\"description\":\"We provide Senior Interim Executives from our nurtured knowledge community. We give our best when Clients need rapid solutions, transformation or out-performing results, anywhere in the world.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.eim.com\/cee\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EIM | Romania | CEE | Interim","description":"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.eim.com\/cee\/doing-business-romania\/","og_locale":"en_US","og_type":"article","og_title":"Doing Business in Romania","og_description":"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws","og_url":"https:\/\/www.eim.com\/cee\/doing-business-romania\/","og_site_name":"We are the Inventors of Executive Interim Management","article_modified_time":"2024-03-19T13:43:09+00:00","og_image":[{"width":2052,"height":2560,"url":"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/","url":"https:\/\/www.eim.com\/cee\/doing-business-romania\/","name":"EIM | Romania | CEE | Interim","isPartOf":{"@id":"https:\/\/www.eim.com\/cee\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage"},"image":{"@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage"},"thumbnailUrl":"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg","datePublished":"2022-02-09T11:51:26+00:00","dateModified":"2024-03-19T13:43:09+00:00","description":"Why doing business in Romania?| Low tax rates | Favourable labor costs | Educated workforce | EU Member laws","breadcrumb":{"@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.eim.com\/cee\/doing-business-romania\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/#primaryimage","url":"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg","contentUrl":"https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/gloria-cretu-hVxuOclsZZU-unsplash-1-scaled.jpg","width":2052,"height":2560},{"@type":"BreadcrumbList","@id":"https:\/\/www.eim.com\/cee\/doing-business-romania\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.eim.com\/cee\/"},{"@type":"ListItem","position":2,"name":"Doing Business in Romania"}]},{"@type":"WebSite","@id":"https:\/\/www.eim.com\/cee\/#website","url":"https:\/\/www.eim.com\/cee\/","name":"We are the Inventors of Executive Interim Management","description":"We provide Senior Interim Executives from our nurtured knowledge community. We give our best when Clients need rapid solutions, transformation or out-performing results, anywhere in the world.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.eim.com\/cee\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/pages\/15632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/comments?post=15632"}],"version-history":[{"count":0,"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/pages\/15632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/media\/15709"}],"wp:attachment":[{"href":"https:\/\/www.eim.com\/cee\/wp-json\/wp\/v2\/media?parent=15632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} - The\u00a0Trakia\u00a0Economic Zone in south-central Bulgaria is one of the largest industrial area in Southeast Europe, attracting over EUR 2 billion in investment and sustaining over 30,000 jobs. \u00a0<\/span>
- Corporate income tax exemption can also be granted\u00a0for\u00a0manufacturing projects,\u00a0with no minimum investment requirement,\u00a0that\u00a0are implemented in high unemployment areas (25 percent higher than average nationwide unemployment) and create at least 10 jobs, of which at least fifty percent are created in productive sector.<\/span><\/li>\n<\/ul>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.14.6\" _module_preset=\"default\" global_colors_info=\"{}\"]
- government grants for research and development (R&D) and education projects, and<\/span><\/li>\n
- providing\u00a0state financing for basic infrastructure and for training new staff,\u00a0and<\/span><\/li>\n
- ERP\/ SAP Implementation<\/span><\/li>\n
- Greenfield<\/span><\/li>\n
- Due diligence before acquisition<\/span><\/li>\n
- Due to its location Bulgaria provides direct access to the following key markets:\n
- Located at the heart of the Balkans, Bulgaria is a strategic logistics hub. Ease of transportation of cargo is provided by:\n
- ERP\/ SAP Implementation<\/span><\/li>\n
- Greenfield<\/span><\/li>\n
- Management Restrictions –<\/strong> There are no restrictions on the appointment of foreign managers. In general, they must have the civil capacity to exercise such a position and must not have a conviction for financial crimes (including financing terrorism and money laundering).<\/span><\/li>\n
- Management Structure –<\/strong> Joint stock companies can adopt a one-tier (that is, board of directors) or a two-tier (that is, directorate and supervisory board) management structure. Limited liability companies are managed under a one-tier structure.<\/span><\/li>\n
[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/www.eim.com\/cee\/wp-content\/uploads\/sites\/12\/2022\/02\/Why-Invest.Competitive-Advantages.romania.harta-europei-1024×875-1.jpg” title_text=”Why-Invest.Competitive-Advantages.romania.harta-europei-1024×875″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n
3. Business-friendly Climate<\/h2>\n
[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
\n\n- \n
- Projecting itself more effectively on the world investment map throughout cost-competitive business climate and maintaining its position as one of the most investment-conducive countries in the pool represents a mandatory achievement for Romania. Therefore, the country secured a sound, healthy economy, enjoying generous state aid schemes and a competitive tax system \u2013 one of the lowest flat tax, VAT and income tax rates in the EU as well as tax exemption on reinvested profit.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n