Bulgaria offers various business opportunities in the construction sector thanks to its strategic geographical position, low labor costs and developing infrastructure. Below are some possibilities to explore:
Residential and commercial real estate construction: Bulgaria has a growing demand for high-quality homes and offices. The construction of residential and commercial properties, particularly in major cities such as Sofia, Varna and Plovdiv, could represent a profitable business opportunity.
Renovation and redevelopment of existing buildings: There are many opportunities to renovate existing buildings in Bulgaria, especially those that have been abandoned or neglected. Building redevelopment can include converting old industrial buildings into apartments or offices.
Design and construction of public infrastructure: Bulgaria is working to improve its public infrastructure, such as roads, bridges, schools and hospitals. There are many opportunities for companies who wish to participate in this process.
Construction of renewable energy plants: Bulgaria has great potential for renewable energy, especially solar and wind energy. There are many opportunities for companies looking to invest in building renewable energy plants. Construction of offshore wind farms: Bulgaria has a coastline of around 400 km long, making it an ideal location for the construction of offshore wind farms. This is a relatively new opportunity in Bulgaria, but it could represent an interesting business opportunity for companies that have expertise in this field, and in Italy there are many, given the numerous wind farms that have already been built in Italy.
The business opportunities listed so far can be explored in two ways. One is to open a company directly here in Bulgaria, being able to take advantage of all the advantages of Bulgarian tax residency, which means access to a very advantageous tax regime with a single flat tax, for both natural and legal persons, stopping at 10% regardless of the income produced. Otherwise it is possible to operate in Bulgaria while maintaining your tax residence in Italy. This means that the income will be produced in Bulgaria but the taxes will be paid in Italy. If you are interested in developing your business in the construction sector in Bulgaria, contact us for an initial informal, no-obligation chat. Our consultants will be happy to explain to you how our services can be useful to you in relation to your objectives.
