The Bulgarian National Assembly passed the amendments in the Stimulation of the Investments Act
Last update: 2009-05-22 00:40:57
According to the amendments, passed from the Bulgarian National Assembly in the Stimulation of the Investments Act, the limits for investors` certificates decreased twice. Investments category A, profiting various privileges from the country, shall be the investments over 32 million BGN, compared to the previous amount of 70 million BNG needed, investments category B shall become the investments over 16 million BGN, compared to the previous amount of 32 million BGN needed.
In the municipalities with higher than the average level of unemployment for investment category A shall be certified investment over 16 million BGN and for category B - over 8 million BGN.
The conditions for acquiring a certificate for high category investor shall be lightened. The requirement for submitting of financial condition for the period of the past 3 years is decreased to period of one year. The request for providing information for the economics activities of every partner, having more than 10 % of the registered capital of the company, applying for a certificate drops out.