Bulgaria Offering 'Good Climate' for Tech Start-Ups

Views on BG | July 26, 2015, Sunday // 21:38
Bulgaria: Bulgaria Offering 'Good Climate' for Tech Start-Ups File photo BGNES

Bulgaria "has become a magnet for tech start–ups" since joining the European Union in 2007, Lilia Stoyanov argues on techinasia.com.

"At the begining the main drivers were the much lower wages, if compared to the other EU countries and the US, and the plenty of qualified IT specialists...," the author says.

Add other benefits such as a flat 10% tax rate on both corporate and personal income and one of the lowest operating costs in the EU, including rent, co-working space, utilities, and you are there.

The author lists both the pros and cons of founding a tech start–up in Bulgaria in her post which you can read here.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Views on BG » Be a reporter: Write and send your article
Tags: Bulgaria, tech, start-ups, wages, tax rate, operating costs
Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria