The World Bank’s 2018 Doing Business report ranks Bulgaria 50th among 190 countries on its ease of doing business. According to the Distance to Frontier indicator, measuring the distance of each economy to the “frontier,” which represents the best performance observed on each of the indicators across all economies in the Doing Business sample, with a score of 71.9%, Bulgaria is ahead of the region of Europe and Central Asia with an average score of 71.3%.
According to the World Bank’s latest subnational report Doing Business in the European Union 2017: Bulgaria, Hungary and Romania, Ruse is a leader in the areas of registering property and enforcing contracts, compared to the five other Bulgarian cities participating in the survey - Sofia, Plovdiv, Varna, Burgas, Pleven.
Starting a business in Ruse takes 17 days - 6 days less than the in capital Sofia. Starting a business in the city requires entrepreneurs to go through 6 procedures.
Source: World Bank. 2017. Doing business in the European Union 2017: Bulgaria, Hungary and Romania. Washington, World Bank. License: Creative Commons Attribution CC BY 3.0 IGO
In Ruse, the obtaining of a permit for construction of an average warehouse, including connecting it to water and sewerage, requires 18 procedures - equal to the number of procedures required in the capital and two less in comparison to those required in Plovdiv. At the same time, the process for obtaining a permit is also the cheapest - 1.9% of the value of the warehouse, which makes Ruse the only Bulgarian city where the cost is below the EU average of 2%.
Local taxes and fees
Bulgaria offers one of the most attractive corporate taxes in Europe (10%), which makes it one of the most desirable investment destinations. The personal income tax rate is also 10%.
Although most of the taxes in Bulgaria are set at national level, municipalities have the opportunity to set some tax rates related to business development. Most of the local taxes and fees in Ruse are lower than the average for the country.
Corporate taxes in other countries compared to Bulgaria
Source: Bulgarian Investment Agency
Taxes and fees in Bulgaria and Ruse