Industrial park
description
Transcript of Industrial park
Industrial parkIndustrial park
““Letnitsa”Letnitsa”
Geographic situationGeographic situation
IPL
Geographic situationGeographic situation
IPL
Geographic situationGeographic situation
IPL
New highway
Lovech
Letnitsa
10 km
Levski
Geographic situationGeographic situation
Industrial park “Letnitsa”Industrial park “Letnitsa”
The project “Industrial park Letnitsa” is a Public-The project “Industrial park Letnitsa” is a Public-Private Partnership (PPP) initiative. The park will Private Partnership (PPP) initiative. The park will provide attractive conditions for building provide attractive conditions for building factories, logistic warehouses and other service factories, logistic warehouses and other service facilities. The project is supported by the local facilities. The project is supported by the local municipality, the Bulgarian Investment Agency municipality, the Bulgarian Investment Agency (BIA), Bulgarian Industrial Association and the (BIA), Bulgarian Industrial Association and the Bulgarian Chamber of Trade and Commerce. Bulgarian Chamber of Trade and Commerce. ““Industrial park Letnitsa” Ltd. is the company Industrial park Letnitsa” Ltd. is the company managing the park and providing full service for managing the park and providing full service for the investors. the investors.
Industrial park “Letnitsa”Industrial park “Letnitsa”
Park description:Park description: Region with tax incentives-0% corporate tax on Region with tax incentives-0% corporate tax on
production activities production activities Situated in Letnitsa municipality, Lovech region Situated in Letnitsa municipality, Lovech region Surface: 541 000 m. sq. (possibility to expand the Surface: 541 000 m. sq. (possibility to expand the
site). site). Electricity supply-20 kv.Electricity supply-20 kv. Water supplyWater supply SewerageSewerage Optical communicationsOptical communications Gas supply-600 m. from main gas pipelineGas supply-600 m. from main gas pipeline
Industrial park “Letnitsa”Industrial park “Letnitsa” Boarding with main roadBoarding with main road Boarding with railway Boarding with railway 10 km. from the newly built highway10 km. from the newly built highway Distance between the park and:Distance between the park and:
Sofia-180Sofia-180Lovech-30 kmLovech-30 kmPleven-40 km.Pleven-40 km.Gabrovo-70 km.Gabrovo-70 km.Veliko Turnovo-100 km.Veliko Turnovo-100 km.River Port Svishtov-55 km. River Port Svishtov-55 km. Sevlievo-45 km.- Industrial zone of “Ideal Standard ” USA, see the Sevlievo-45 km.- Industrial zone of “Ideal Standard ” USA, see the following links:following links:
http://www.investbg.government.bg/cgi-bin/e-cms/vis/vis.pl?s=001&p=0http://www.investbg.government.bg/cgi-bin/e-cms/vis/vis.pl?s=001&p=0053&n=000017&g053&n=000017&g==
http://http://www.vidimajsc.hit.bg/compani.htmwww.vidimajsc.hit.bg/compani.htm http://http://www.bblf.bg/csr.php?subwww.bblf.bg/csr.php?sub=1&company_id=48=1&company_id=48
Industrial park “Letnitsa”Industrial park “Letnitsa”
““ONE STOP SHOP” services for the investors in the ONE STOP SHOP” services for the investors in the park:park:
Providing institutional support from all local and central Providing institutional support from all local and central authoritiesauthorities
Providing industrial sites for buildingProviding industrial sites for building Issuing all preliminary permissions for building Issuing all preliminary permissions for building Projection and construction of industrial malls according Projection and construction of industrial malls according
investors specificationsinvestors specifications Full engineering servicesFull engineering services Providing industrial malls for sale or lend Providing industrial malls for sale or lend HR services HR services Visa servicesVisa services Fast execution Fast execution
Industrial park “Letnitsa”Industrial park “Letnitsa”
Investment climate in Bulgaria Investment climate in Bulgaria
The Competitive Edge of BulgariaThe Competitive Edge of Bulgaria
Bulgaria is politically and economically stable
A member of NATO and in 2007 will become a full member of the European Union
Competitive labor force in terms of both – reasonable cost and high qualifications
Bulgaria lies at the center of South-eastern Europe and has access to a market available to 560 million consumers
Guarantees protection of investors, we have concluded more than 100 agreements on mutual protection of investments and avoiding double taxation
Tax ReformTax Reform – – BudgetBudget 2005 2005
Corporate taxCorporate tax: 15%: 15%
IncomeIncome tax rate: min - tax rate: min - 10%;10%; max - max - 24% 24%
Increasing the amortization normIncreasing the amortization norm forfor newnew plant and plant and
equipmentequipment: 50%: 50%
Expenditure on research and development of the Expenditure on research and development of the
companies are not subjects to taxationcompanies are not subjects to taxation
Tax PreferencesTax Preferences::establishing new enterprise
expanding of an enterprise
increasing the average number of employees
Investment incentives in BulgariaInvestment incentives in Bulgaria
15% 15% corporate income tax in 2005corporate income tax in 2005
0% corporate tax in areas with above average unemployment0% corporate tax in areas with above average unemployment
Depreciation rates – 2 years for computers and related equipment Depreciation rates – 2 years for computers and related equipment and 3 1/3 years for manufacturing equipmentand 3 1/3 years for manufacturing equipment
2-year VAT exemption for imports of equipment, consumables and 2-year VAT exemption for imports of equipment, consumables and components related to investment projects valued over € 5 millioncomponents related to investment projects valued over € 5 million
0% 0% capital gains taxcapital gains tax
The highest bracket for personal income tax is only 29% for monthly The highest bracket for personal income tax is only 29% for monthly income over € 300income over € 300
The Employment Agency’s Programs and measures for employment The Employment Agency’s Programs and measures for employment of young people of young people
Transport Infrastructure OverviewTransport Infrastructure OverviewTransport Infrastructure OverviewTransport Infrastructure Overview
Bulgaria – strategic geographic location at the center Bulgaria – strategic geographic location at the center between the EU, Middle East, Russia, Minor Asia and between the EU, Middle East, Russia, Minor Asia and AfricaAfrica
Crossed by transport corridors No 4, 7, 8 ,9 and 10Crossed by transport corridors No 4, 7, 8 ,9 and 10
Infrastructure comprising 37 288 km road, including 324 Infrastructure comprising 37 288 km road, including 324 km highways km highways
6 358 km railways, more than 66.5% electrified6 358 km railways, more than 66.5% electrified
Two main seaside ports, servicing over 60% of foreign Two main seaside ports, servicing over 60% of foreign tradetrade
Five international airportsFive international airports
ContactContact
Information: Information: [email protected]@ipl-bg.com
Project Manager: Project Manager: [email protected]@ipl-bg.com
Web site: Web site: www.ipl-bg.comwww.ipl-bg.com
Tel. : +359 887 777 990 Tel. : +359 887 777 990