Bulgaria

Bulgaria Investor Immigration Program Overview

The Astonish Parliamentary Republic of Bulgaria is strategically located in the Southern-eastern part of Europe, right at the core of the Balkans. Greece, Macedonia, Romania, Serbia, and the Black Sea surround this typically mountainous region. This country has a strategic access to the Turkish Straits, that regulates the different key land routes to both the Middle East and Europe.

This country is not a big one and covers just 42,823 square miles or 110,550 square kilometers. The administration structure of this country is a parliamentary democracy, and even if president is the chief of state but the prime minister heads the government.

If you are looking to expand your business overseas and get the Permanent Residence (PR) status in Europe than the Bulgaria investor immigration program will be an attractive proposition for you. The location of this country offers direct access to the key markets of the European Union (EU), the CIS, Turkey, Middle East, and the North African market Bulgaria certainly has an edge.

Most importantly,  the manpower that one will get here is well educated, highly trained and multilingual. Icing on the cake: 62.2 % of the total local people in the country fall in the working age bracket (nearly 4.6 million). It’s a huge number, and it will be highly useful for running a business from the Bulgarian territories!

The cost of doing business in Bulgaria is also low. The full support is provided by the government. This country is having the most favorable tax regime in Europe, the corporate income tax rate here is 10%, and this is the lowest in the whole of the EU!

The overall population is nearly 85% (7.5 million) of the country8.8 million people are ethnic Bulgarians even as the ethnic Turks constitute roughly 10% of the total, and the Gypsies, only a little more than 5%.

This country is including in one of the best exotic countries of Europe, since it has apart from the business/investment facilities and government support for these beautiful beaches, divine churches, and wonderful great hiking facilities, etc.

It may not have caught the attention of the world say, like the US, Germany, and the UK but it’s starting to change though only gradually.

This country has two main seaports, namely, Varna and Bourgas.

CULTURE & COMMUNITY

People of this lovely European state are highly proud of their unique culture and heritage. These are also beautifully captured in the interesting poetic songs, ceremonies, music, dance, attires and ornaments.

Bulgaria is a nation with a diverse culture and an ancient history dating that goes back to the prehistoric times. Many ancient civilizations comprising the Thracians, Ancient Greeks, Romans, Ostrogoths, Slavs, Varangians and perhaps Bulgars have left their footprints and shaped the country’s culture, history and heritage.

The Thracian artifacts comprise of countless exquisitely crafted tombs and golden treasures, the ancient Bulgars have made their presence felt in their legacy in music and original architecture. Few of the interesting Thracian rituals like the Zarezan, Kukeri and Martenitza, for instance are even now thriving in the modern Bulgarian art, music, and literature and enriching these.

Interestingly, the local people of the nation commonly exchange among themselves a martenitsa. It’s basically an ornamentation created using white & red yarn and sported either on the wrist or stitched to the clothes.

Music & Dance

This nation has a long-standing musical practice which music historians can trace back to the beginning of the middle ages. Apart from this the ritual of church singing in the country is more than 1000 years old. The folk music found in the country is pretty unique in its somewhat complex harmonies and extremely uneven rhythms.

Surprisingly, Despite the fact that the traditional music and dance do not enjoy widespread popularity among the nation’s city youngsters, one will frequently find them being performed at the various marriage ceremonies, and usually in the different rural area festivals. They are also performed in the nation and overseas by both the amateur & professional performing artists and choirs.

LIFESTYLE

The people of this state are exceedingly attached to their traditions & culture. Actually, the entire year is marked by the different celebrations. All through the year, you will be greeted with different traditional, cultural and religious festivities. However, beyond that, the nationals are highly dynamic people also, busy with work and also sparing some time for the various leisure actions, like adventures, fishing, winter sports, to name a few.

Traditions

Festivals are widely celebrated on the specific dates, others appear around the festival of Easter. Highly devout Bulgarians of the Christian creed in the country can be found here. Some traditions are still present and respected although the republic has now emerged as a modern country.

Public holidays

The holidays defined on the basis of the history and the Bulgarian orthodox customs & beliefs. These comprise the National Day, the Unification of Bulgaria and Independence Day, and the Bulgarian Army Day, among others.

Habits

In this country majority of the people are fond of visiting the different beaches and enjoying delicious food. The nation’s East Coast has lengthy white sandy beaches with clean waters and lovely temperatures. Many of these are basically well protected areas and categorized as nature reserves. The beaches are particularly jam-packed on the various holidays and through the vacation periods.

The cuisine includes the Bulgarian food has inherited Slavic, Turkish and Greek traditions which is due to the nation’s remarkable geographical position. And, so beans, lentils, vegetables & fruits, chicken & pork with a choice of the food stuffs unique to the nation that differ as per the seasons are part of the maximum number of recipes.

STATE STRUCTURE & ECONOMY State Structure

Bulgaria is a Parliamentary Republic, a unified state with local self-government. While the nation’s official language is Bulgarian, Eastern Orthodox Christianity dominates the religious scene in the nation and followed by majority of the nationals. The country’s flag has three colors, namely, white, green and red, as mentioned elsewhere; Sofia, as mentioned in another place, is the state capital.

The nation’s government does not tolerate discrimination of any kind on the basis of race, citizenship, culture, and sex, country of origin, religion, education, views, political associations, personal or social or property standing and every citizen is regarded equal before the law.

Like the most other nations, the state authority of Bulgaria is categorized into the legislative, executive and legal branches. And the basis of the country’s political life is the code of political pluralism.

Economy

Bulgaria generates the positive circumstances for the free development of science, education, and the art and offers full state support for them. Sofia also makes provisions to duly preserve the nation’s unique historical and cultural legacy. The Major makeover has been done to the country over the previous 30 years. It has changed from an extensively centralized, planned economy to an open, market-based, upper-middle-income economy firmly embedded in the EU.

In its early change, the country went via a decade of sluggish economic restructuring and development, high indebtedness, and also a loss of funds. But, the advancement of the organizational reorganizations, beginning in the late 1990s, the launch of the currency board, besides the prospects of the EU accession, released a decade of remarkably high economic development and better living standards.

The state’s economy is an open market economy with a developed private sector and a limited figure of state enterprises. The state possesses and controls the important & strategic businesses in the country. The nation has been an important member of the World Trade Organization (WTO) since December 1, 1996. And, as mentioned elsewhere, since January 1, 2007, it has also been an EU member.

The national economy is suitably portrayed by the economic, political & financial stability. While the nation has a strategic geographic location, it also has liberal access to the thriving markets consisting of over 560 million customers, and, perhaps, the lowest corporate tax in the whole EU at 10%.

According to the apex global organization, the World Bank (WB), the Bulgarian economy is an upper middle income economy. The nation’s economy has recorded steady growth in the recent past. The national economy heavily depends on industry, despite the fact that the service segment has begun to leave its mark and make handy contributions to the GDP growth also. Refined petroleum fuels, bismuth, copper, gold, electronics, vehicle components, iron these are just some of the country’s key products.

If you want to seek any information about immigrating to Bulgaria then you can write an email on singhamrinder583@gmail.com and we will always be there to help you out with the guidance and answering your questions. Choose to call us on +91-9814272063 or directly interact with us on our Live Chat window.