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It is every country’s wish to have an increasing number of foreign investors choosing their country as the choice destination for their various investment endeavors. Every country tries to encourage this by use of various incentives such as tax advantages extended to investors in addition to increasing the flow of investments. This is so mainly because most countries realize the benefits that come with increased investments.
Bulgaria has managed to provide an ample environment for investors and thus making it possible for investors interested in buying Bulgaria Properties to easily carry out their transactions. This, the government of Bulgaria has been able to achieve in recent years through the simplification of the various requirements and procedures that are mandatory for one to comply with before being allowed to invest in Bulgaria properties for sale. This simplification of requirements has significantly reduced the cost and time required for people to get to own Bulgaria properties, thus making the country very attractive to foreign investors. The reduction of income and corporate taxes to just 10% has also greatly encouraged investments in Bulgaria
The country has worked to improve transparency in the Bulgaria properties market, and this level of predictability has also added to its allure as a target for foreign investors to buy Bulgaria properties for sale. Several new laws were passed in 2011, aimed at improving the quality of Bulgarian real estate agents and introducing better controls within the real estate sector. The increase in the level of investments has seen various developments in the whole economy of the country as it has meant that there are more capital inflows. This has led to the consistent developments of other sectors of the economy in the country. The buildup of infrastructure, spurred by both the increasing money flow in the country and the country’s need to boost the Bulgaria property sales has also led to increasing economical activities in other sectors as the environment in the country is being made better and better.
This does not however mean that the locals are not involved in dealing in properties in Bulgaria. They are and even when they are not buying the property, they are usually the ones selling the property thus meaning that they get to have more money in their pockets. This increases their purchasing power and is one of the contributing factors to the recent spurts of increases in the country’s GDP. However, the average citizens in the country are limited to trading in Bulgaria properties that are not too expensive mainly because they lack the necessary economic muscle that the foreign investors have. This make the foreign investors to have a huge impact on the Bulgaria property sales as they are usually the main dealers in the market thus meaning that they have a lot of influence on even the going market prices.
Realizing the benefits of getting more foreigners to invest in Bulgaria properties, the government has in the recent past introduced various measures in the Bulgaria properties industry to encourage investors to continue investing. The government’s move to reach double taxation agreements with various countries such as Britain is a move that many analysts see as aimed at attracting more investments in Bulgaria properties. This is because such agreements ensure that a particular investor does not end up paying taxes twice, something which they would have been compelled to do in the absence of such agreements. As we already mentioned the low tax rates in Bulgaria are also a significant attraction for both property and general investors.