Outsourcing IT To Bulgaria Has Many Benefits
For one, Bulgaria has the lowest personal and business taxes in the EU.
Additionally, healthcare costs are also lower in Bulgaria than in other European countries.
Furthermore, the cost of living in Bulgaria is relatively low, making it an appealing option for businesses looking to reduce costs.
Finally, Bulgaria is a stable democracy with some of the best Universities in the world.
Consequently, its citizens are highly motivated to work for Western European and North American companies, despite the much lower salaries.
1. Bulgaria Is A Full NATO And European Union Member Country
Bulgaria joined NATO in 2004 and received full accession to the EU on the first of January 2007.
As a result of its strong economy and membership in various European organisations, Bulgaria has become a popular destination for international companies looking to outsourcing.
2. Bulgaria Has Highly Skilled Professional IT Staff Available To You
The country has highly skilled employees, low costs, and a good safety record.
It has also become a popular place for entrepreneurs to start their own businesses and seek independence for their families.
Bulgaria has a huge coastline, a temperate climate, beautiful scenery, lakes and mountains – and world-class ski resorts!
3. Super-Fast Internet In Bulgaria Is The Norm
One of the biggest cost-saving benefits of outsourcing IT to Bulgaria is that it can cut telecom costs.
For around $30 per month, residents get unlimited 5G internet, unlimited national and international calls, and a TV package with more than 100 channels.
Compared to other countries, Bulgaria has a high number of skilled professionals.
Its population has high disposable income and they enjoy greater access to technology and the latest entertainment devices than most people in the world.
1Gb fiber internet is the norm across much of the country, and 5Gb and 10GB speeds are available in the cities.
And a typical residential 1Gb fiber to the home internet connection costs less than €30 a month – and the amount of data is uncapped!
As a result, companies looking to outsource their IT needs find that the population is highly connected.
4. Middle-Income Households In Bulgaria
Over half of the country’s population is living in middle-income households.
Their spending power means that they are likely to have good credit card debt repayment capabilities, and they are early users of new technologies like cloud computing.
Furthermore, the location of Bulgaria in the Balkans means that it is not overly affected by the cultural differences between countries.
It has accessible labor and cost structures, and a relatively small indigenous population.
All of these factors make it easier for companies to leverage existing talent and resources to get high-quality, low-cost services.
They also mean that new costs are generally lower than in other countries.
The average Bulgarian has figured out how to live better than most other people in the world with a lower cost of living.
With a little bit of effort and ingenuity, most Bulgarians can enjoy a very high quality of life for less than €2,000 per month.
The combination of a generally positive attitude toward spending and competitive costs means that Bulgarians are optimistic about their financial future.
Research findings indicate that people who are financially optimistic live happier lives and are less likely to take financial risks.
EU citizens also report about 17% more anxiety and stress than the average Bulgarian, as well as about 20% more physical symptoms of stress.
This data suggests that life, in general, is more stressful for other EU citizens than for Bulgarians.
5. How To Save 60% Of Your Costs By Outsourcing IT To Bulgaria
There are many reasons why Bulgaria is the best place to outsource your IT needs.
Perhaps the most important reason is the cost savings.
When you outsource IT to Bulgaria, you can save up to 60% on your IT costs.
Additionally, Bulgaria has a highly skilled workforce.
There are over 60,000 IT professionals in Bulgaria, and the country produces over 8,500 new IT graduates each year.
This means that you can find highly skilled workers to meet your IT needs in Bulgaria.
6. Bulgaria’s Time Zone
Another benefit of outsourcing IT to Bulgaria is the time zone difference.
Bulgaria is in the Eastern European Time Zone, which is one hour ahead of the Central European Time Zone and two hours ahead of the GMT time zone.
7. Bulgaria Has Low Taxes
When it comes to outsourcing your IT needs, Bulgaria is the best place to do it.
Why?
Because of their low taxes.
In fact, their corporate tax rate is just 10%, which is one of the lowest in the European Union.
And that’s not all; they also have a maximum rate of personal tax of 10%.
So if you’re looking to save on your IT budget, Bulgaria is definitely the place to do it!
8. Low Healthcare Costs
The healthcare system in Bulgaria is top-notch and very affordable.
You can find some of the best hospitals and clinics in the world here, and the healthcare costs are a fraction of what you would pay in other countries.
This makes Bulgaria a great place to outsource your IT needs, as you can get high-quality care at a fraction of the cost.
Additionally, the government is very supportive of the healthcare system and is constantly investing in new infrastructure and technology.
This makes it a great place to base your IT operations, as you can be sure that you will have access to the latest and greatest technology.
9. Bulgaria Has A Low Cost Of Living
The cost of living in Bulgaria is much lower than in other countries, so you will be able to get your IT services for a fraction of the price.
In addition, the quality of life in Bulgaria is very high, so work is done in a stress-free environment.
10. Bulgaria Is A Stable Democracy
Bulgaria is a great place to outsource your IT needs because it is a stable democracy and is a full member of the European Union.
The government is stable and the economy is strong.
Bulgaria also has a good infrastructure and is a safe place to do business.
Conclusion
Bulgaria has a highly motivated workforce that is committed to providing the best possible IT services.
The country has a strong focus on education and training, which ensures that its workforce is constantly kept up-to-date with the latest technology and trends.
This makes Bulgaria an ideal destination for outsourcing IT needs.
Additionally, the cost of living and doing business in Bulgaria is very reasonable, making it an attractive option for companies looking to reduce costs.