Getting Started

Exporting to Bulgaria

In this section, you’ll find a quick description of Bulgaria as an export market and some suggestions for getting started. For more information please check our Country Commercial Guide

Getting Started

We advise U.S. companies interested in doing business in Bulgaria to consider using the expertise of the U.S. Sofia office and the services we provide. Some of our standard services available also in the South East Europe region (Romania, Bulgaria, Greece, Serbia and Croatia) include:

  • Industry Briefs and Market Reports
  • Initial Market Check
  • International Company Profile
  • Single Company Promotion
  • Gold and Platinum Key Services
  • Webinars and virtual business events
  • Matchmaking and B2B services

We work in close cooperation with the Department of Commerce offices in the U.S. known as U.S. Export Assistance Center (USEAC) for advice and support on exporting to Bulgaria. Please contact a Trade Specialist Near You to find more about the services that will match your needs best.

In Bulgaria, a natural partner of the U.S. Foreign Commercial Service is the American Chamber of Commerce in Bulgaria. The Chamber unites over 320 American, Bulgarian, and multinational companies operating in the country. For its over 20 years the Chamber has become a leading business organization by initiating events covering topics in the following areas: economy, international and national policies, and social sphere.

The AmCham’s mission is to improve the business environment, investment climate, and living standards in the country by advocating to all stakeholders – government, business, NGO-s, and media – for productive dialogue and partnership.

Investing in Bulgaria

This section provides information for current and potential investors in Bulgaria.

Potential investors: Getting Started

If you are considering investment in Bulgaria here are some steps you may wish to consider as you get started:

  • Inform the U.S. Foreign Commercial Service and the Political Team at the U.S. Embassy – If you are planning a visit to consider investment, let us know by sending an email to the contact addresses on this page.
  • Contact local U.S. business support organizations, such as the American Chamber of Commerce in Bulgaria
  • Subscribe to our Embassy Facebook page
  • Organize a meeting with the Bulgaria Invest Agency in order to get more details from the Bulgarian Government

Current investors: Staying Connected.

If you are a current U.S. investor in Bulgaria the U.S Embassy wants to stay in touch. Here are a few steps you can take to keep the channels of communication open:

Register with the U.S. Embassy – If you are active in Bulgaria let us know by sending an email to the contact addresses on this page.

  • Add us to your mailing lists – we are always happy to stay informed
  • Subscribe to our Embassy Facebook page
  • Set up a meeting with our economic or commercial team to discuss any issues that arise

Travel Advisories

Make sure to check the current State Department travel advisory for Bulgaria

FCPA

The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets.  The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business.  These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls.

More information on the FCPA:

A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue.  Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA.  Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.

Treaty for Avoidance of Double Taxation

A Treaty for Avoidance of Double Taxation (TADT) between the United States and Bulgaria was signed in Washington D.C. on February 23, 2007, by the Minister of Finance of Bulgaria Plamen Oresharski and the Deputy Secretary of the U.S. Department of Treasury, Robert M. Kimmitt.  The TADT took effect on January 1, 2009.

The TADT applies to direct taxes only and excludes indirect levies, such as value-added and excise taxes, as well as all social contributions.  TADT applies to all sources of income that residents of either state have received “at source” in the other state.  The TADT will reduce the tax burden for residents of both states, which will stimulate cross-border trade and investment.

For more information about the tax benefits offered by the Treaty for Avoidance of Double Taxation and for answers to frequently asked questions, please see www.irs.gov/publications/p54/ch06.html.

If you have additional questions about the treaty, please send them to: sofia@usembassy.bg