Top Reasons to Outsource to Bulgaria. Hire software developers in Bulgaria:
- Bulgaria is a member of the European Union, NATO, and WTO, providing a stable and business-friendly environment.
- It offers low country risk and ease of movement through the EU.
- Bulgaria has low labor costs and the lowest operating costs in Europe. The monthly salaries of Bulgarian software developers have experienced steady growth.
- The country has a well-developed educational system specializing in electronics, mathematical science, engineering, and computer sciences.
- There are over 15 universities in Bulgaria offering majors in ICT, and over 5,000 students graduate in IT each year.
- The workforce is skilled and qualified with proficiency in English, French, and German languages.
- Bulgaria ranked 8th in the world in 2002 by the total number of ICT specialists and 3rd in the world for certified IT professionals per capita.
- In the 1980s, Bulgaria became known as the Silicon Valley of the Eastern Bloc.
- Leading multinational companies, such as SAP, HP, Apple, Cisco, Atos, VMware, Johnson Controls, Microsoft, IBM, and Oracle, have set up regional technology development centers and sales offices in Bulgaria.
- Bulgaria is 5th in the world and 3rd in Europe in broadband quality (Annual Broadband Study by Cisco, 2010).
- The country has strong NGOs in the IT sector, such as BASSCOM, ICT Cluster Bulgaria, Bulgarian web associate, bait, the Bulgarian Outsourcing Association, etc.
- Bulgaria ranks second in the world in IQ tests.
Even more reasons why companies should consider nearshore outsourcing to Bulgaria:
- Lonely Planet ranked Bulgaria as “The Best Value Travel Destinations for 2014,” highlighting its cost-effectiveness.
- Bulgaria is ranked as 36th in ease of doing business out of 189 economies (World Bank Group, 2014).
- It has an excellent geostrategic position, with five of the ten Trans-European corridors passing through Bulgaria.
- Bulgaria became the 6th country in the world to have an astronaut in space (George Ivanov flew on Soyuz 33 in 1979).
- It was one of the first European countries to develop serial production of personal computers (Pravetz series 8) in the early 1980s.
- In 2009, Bulgaria became the first country in Central and Eastern Europe to develop a national nanotechnology R&D center.
- Bulgaria has a tradition of contributions to physics, astronomy, and medicine inventions.
- The country excels in mathematics, winning first place at the Tokyo International Mathematics Olympiad in 2003.
- CERN employs more than 90 Bulgarian scientists as of 2007.
- Bulgaria offers a corporate income tax rate of 10% and a flat personal income tax rate of 10%.
- There are four major airports in Bulgaria, providing direct flights to major EU cities.
- Bulgaria shares the European Time Zone (UTC/GMT +2 hours).
- It has two main seaports: Varna and Bourgas.
- Bulgaria offers a unique lifestyle experience and adventure, with ski resorts, spa resorts, golf terrains, vibrant cities, beautiful mountains, and attractive seaside resorts like Golden Sands, Sunny Beach, Albena, etc.
These factors make Bulgaria an appealing destination for nearshore outsourcing and business investment.
