Europe
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Importing to Bulgaria
Bulgaria, a middle-income country in Eastern Europe, is home to a well-established tech sector. The country has a long history of innovation and has become a significant hub for software development and IT services in recent years.
Tax
up to 21%
Duties
up to 7%
Lead Times
3-4 weeks
Restricted Items
Second-Hand Goods
Best Carrier Option
Courier or Freight forwarder
Non-Working Days
Saturday, Sunday, and Public Holidays
Prominent Language
Bulgarian
Exporting and Importing to Bulgaria
With over 10,000 ICT companies, Bulgaria’s tech industry is growing. The country is a critical outsourcing destination for tech companies and is the third-largest outsourcing destination in Europe after the United Kingdom and Ireland. Many multinational companies outsource their software development and IT services to Bulgaria because of the country’s low labor costs and high-quality talent pool.
Bulgaria’s strategic location within Europe, low wage rates, and skilled workforce make it an attractive investment destination. Its top trading partners include Germany, Romania, and Italy, where the top exported goods include electrical machinery, and the main imported goods include minerals. There are also incentives for IT investments in Bulgaria, such as low corporate tax rates and government grants, which further encourage IT investment in the country.
Population
6.7 million
Biggest Industry by Export
Electrical Machinery
Capital City
Sofia
Biggest Industry by Import
Mineral Fuels
Specialized Solution for Bulgaria
TecEx’s vast expertise in navigating trade in Bulgaria minimizes the risk of costly delays, penalties, and non-compliance issues. TecEx handles the intricacies of import procedures so that no time is wasted. The Importer of Record services that TecEx offers further support and help to navigate the Bulgarian business landscape effectively. TecEx also specializes in essential EORI registration, enabling trade into the European Union and simplifying cross-border transactions in Europe.
Unique Pain Points for Bulgaria
Bulgaria’s political landscape is unstable, with seven parliamentary elections in the last four years alone. This unpredictable environment adds challenges when importing into Bulgaria due to the uncertainty involved, resulting in potential delays.
Bulgaria’s infrastructure is also below that of Western European countries, which can lead to delays and backlogs requiring the guidance of an Importer of Record. Lastly, ensuring all goods comply with tech requires importers to undergo in-depth conformity assessments, including safety tests, electromagnetic compatibility (EMC) evaluations, and radio frequency (RF) compliance checks.
Countries Associated with Bulgaria
Europe
Romania
Europe
Italy
Specific Compliance Regulations
Harmonized System Code
Bulgarian customs require a harmonized system code, which is a universal language for goods moving across borders.
EORI Number
Any country within the European Union requires an EORI number, which is used for tracking and identifying goods.
Commercial Invoice
A commercial invoice is needed when importing into Bulgaria and serves as proof of sale between the exporter and the importer.
Packing List
A packing list is an in-depth breakdown of the goods being imported, which includes the weight and dimensions of each item.
Bill of Lading
A Bill of Lading serves as a receipt of goods and acts as evidence of the contract of carriage.
Country of Origin Certificate
A country of origin certificate specifies where the imported goods were manufactured and where they are coming from.
Your global trade solution for Bulgaria
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