Ousourcing in Bulgaria

Within less than 10 years Bulgaria has established itself as a leading global destination for outsourcing and nearshoring…

"The winners in Europe are Bulgaria and Romania, which continue to stay comfortably in the upper half of the index, at 17th and 25th, respectively. Members of the European Union but with lower cost profile than most other member states, they are the new offshoring stars in Europe."

Shifting Geography of Offshoring, A. T. Kearney Global Services Location Index™, 2011

"The opening of HP Global Delivery Centre in 2006 put Bulgaria on the BPO&ITO investment map of the world. The selection of Bulgaria as one out of six HP strategic hubs in the world in 2010 reconfirmed the quality of Bulgarian specialists."

Sasha Bezuhanova, Public Sector Director, HP Central and Eastern Europe

Bulgaria has a strategic location, political stability and low costs of doing business

Bulgaria is strategically located and provides access to the following markets:

• South-East Europe – a 122 million inhabitant, high growth market
• European Union - Bulgaria offers the lowest cost access to a market of 500 million people
• Russia/CIS, Middle East and North Africa

Bulgaria offers a combination of political and macroeconomic stability and incentives for doing business:

• Stable parliamentary democracy, EU, NATO and WTO member Bulgaria’s currency is fixed to the Euro under a currency board arrangement
• Lowest tax rate and one of the lowest labour costs in the EU coupled with special incentives for investors
• EU funding – more than €10 bln in EU funds over the next years

• General legal and tax advice when entering the outsourcing sector in Bulgaria
• Support regarding the development of call-centers and branch offices in Bulgaria
• Contract review and contract negotiation with local business partners.
• Contract review and contract drafting with workers in Bulgaria (Labour law)
• General legal advice about Labour law in Bulgaria 
• TAX OPTIMIZATION and ACCOUNTING
• Payroll Accounting
• Monthly VAT declaration
• Representation before the tax authorities
• and other services