Investors who obtain a Class A investment certificate in Bulgaria can take advantage of numerous benefits and incentives that significantly facilitate the implementation of their projects. This certificate is issued by the Minister of Economy and provides various administrative and financial reliefs. Here’s what you need to know about the benefits of certification and the procedure for obtaining a certificate.

Key Benefits of the Class A Investor Certificate

1. Reduced Administrative Processing Times: Investors holding a Class A certificate can benefit from significantly shortened timelines for various administrative procedures. This includes faster issuance of design visas, approval of investment projects, and fire safety certificates. These reliefs save valuable time and facilitate the implementation process of investment projects.
2. Individual Administrative Services: The Class A certificate ensures individual administrative services for investors. This means you will receive complete and accurate information on required documents, deadlines, and fees under applicable laws, as well as assistance in issuing and obtaining all necessary documents. This significantly eases navigation through administrative procedures.
3. Eased Property Acquisition Regime: Investors with a Class A certificate can acquire ownership or limited real rights over real estate – private state and municipal property, without a tender or competition. This provides easier access to the necessary land and buildings for implementing investment projects.

Financial Incentives and Support

1. Financial Support for Infrastructure: Class A investors can receive financial support for the construction of technical infrastructure elements, including bridges, tunnels, electrical substations, and treatment plants for drinking and wastewater. This supports the development of infrastructure necessary for the successful implementation of investment projects.
2. Support for Training and Social Security Contributions: Investors can receive financial support for professional qualification training for employees who fill new job positions. Additionally, there is an option for partial reimbursement of incurred social security contributions for newly hired workers and employees, reducing employer costs and encouraging the creation of new jobs.

Certificate Issuance Procedure

• Application Submission: To obtain a Class A certificate, you must submit an application form to the InvestBulgaria Agency (IBA). The application should specify the investment incentives you wish to benefit from and include the investment project and necessary documents.
• Document Review and Project Evaluation: After submitting the application, the Executive Director of IBA reviews the documents and evaluates the investment project. If there are discrepancies or deficiencies, you will be notified and given a two-month period to correct them.
• Certificate Issuance: Following a successful evaluation and proposal from the Executive Director of IBA, the Minister of Economy issues a Class A investment certificate.

Conclusion

The Class A Investor Certificate provides significant administrative and financial reliefs that facilitate the implementation of investment projects and stimulate Bulgaria’s economic development. For the Ruse region, these benefits can be crucial for attracting new investments and creating new jobs.

For more information on the procedure for obtaining a Class A investment certificate and other incentives, please visit the websites of the InvestBulgaria Agency and the Ministry of Economy.

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