Industrial park

Industrial parkIndustrial park

““Letnitsa”Letnitsa”

Geographic situationGeographic situation

IPL


IPL


IPL

New highway

Lovech

Letnitsa

10 km

Levski


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.


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


““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


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

Documents

Industrial park