Levski Industrial Zone

Bulgaria2007

• Korean Production Center for EU market

• Bulgaria – join as a member of EU since Jan.2007

( Export with Duty free in all EU countries )

• Korea & Bulgaria – Investment Security Agreement (Since May, 2006)

• FTA Negotiation between Korea & EU (Produced in Bulgaria → Made in EU )

Outline

1) Organizer : Choice Ltd Sofia (www.mrpark.biz ) - Established since 1990 - President : John Park( john@mrpark.biz ) 2) Cooperation Organization : - WTM SEBA Co., Ltd Korea (www.wtmseba.co.kr ) - RPI-Consulting Bulgaria (www.rpi-consulting.com )

3) Support Organization : - KCBMC Korea - Levski City of Bulgaria. - The ministry of Economics Bulgaria (Invest Bulgaria Agency) - KOTRA Sofia - Korean Embassy in Sofia

Organization

Government Authority

•Organization for EU production base

Purposes

Silver VillageSilver Village

- Hospital - Hospital

-Resorts for retired-Resorts for retired

-Educational works: Farming, -Educational works: Farming,

Computer, EnglishComputer, English

New businessNew business-Foods BusinessFoods Business

-Rice farmRice farm

Levski Levski Agricultural Agricultural

FarmsFarms

Levski Levski Industrial ZoneIndustrial Zone

- International school - International school

- NGO Organization- NGO Organization

Organization

1) General Office for Industrial Zone

- General administration & Management

for Levski Industrial Zone

- Arrangement/Help for Employment

- One-Stop-Service for any Permits, Negotiation with

Government

2) Member companies

- Self Investment, Independent Management

- Export products

Introduction of Bulgaria Contents Remarks

Population around 8,500,000

Area 110,000 ㎢

Climate

Mediterranean climate , four seasons

(similar to Korea’s season)

The average temperature for the year(10.5 C ), Average in summer( 30 C), Average in winter( -5C )

Nation composition

Bulgarian (85%), Turkish (10%), Gypsy(5%)

ReligionBugarian ortho-doxy(85%), Muslim(12%), Protestant (2%), others(1%)

GNP U$ 3,100 Chinese level

Currency

Leva . Currency : 1Leva = 100 Stotinki.

US 1$ = 1.55 Leva(Aug.2006)

EURO 1 = 1.95583 Leva (Fixed)

Fixed currency. Stable currency. Euro will be official currency in 2010,

Economic growth ratio

2003 : 4.3% 2004 : 6.1% , 2005 :5.5%The highest growth ratio within eastern European countries

Population mass ratio

by city

Consist of 27 cities. Sofia(Capital) : 1,200,000 ,Plovdiv : 370,000, Varna : 290,000, Bourgas : 200,000

EUBulgaria will be a official member of EU Since 1st.Jan.2007

Customs duty free within EU countries

Geographically important location that can export to Middle east, Western Europe, Central Asia, CIS

Bordered countries :

Turkey, Greece, Macedonia, Yugoslavia and

Romania

.

Good location to East / West Europe, Middle East

1. Good Location :

Just 200km from Sofia on the way to Romania

2. Good Transportation :

- On the International road (E-81).

- Near to Danube canal - 40 km

- Cross International Railway & Local Rail way

3. Enough Labor resource : Population - 15,000 (within 30km → 100,000)

4. Low labor costs : U$ 150-200/month

5. Low and stable Power resources ;

Cheap electricity, Water facilities, Cheap Gas – all prepared.

6. Tax & Duty Advantage, Supports

7. Plan of Silver Village.

- Japanese Silver village is near to Levski

Introduction of Levski

LEVSKI Location

From Sofia to Levski : 200Km

Industrial Complex Info

Size : 300,000 m2

(Extension possible)

Cheap & Stable Power resources

- Cheap electricity, Water facilities,

- Cheap Gas.

Electro supply system :

380V, 50Hz

(Available electricity by demand)

Domestic electricity : 220V, 50Hz.

Size : 300,000 m2

(Extension possible)

Cheap & Stable Power resources

- Cheap electricity, Water facilities,

- Cheap Gas.

Electro supply system :

380V, 50Hz

(Available electricity by demand)

Domestic electricity : 220V, 50Hz.

Road Industrial complex

Scheme for Land usage

Registration of Company

Contents Remarks

One stockholder

EOOD. 1 shareholder Responsibility .

① Operation speed is comparatively quick

② Suitable for small and medium sized enterprise

③ Definite responsibility ④ term : unlimited

⑤ Easy to change the contents of company registration and amendments.

1 shareholder Responsibility .

More than

two stockholders

OOD. More than 2 shareholders

Responsibility under agreement of more than two stockholders

Corporation Tax ratio

10%

VAT 20%

Social insurance tax 36%

Minimum Capital 2500 EURO ( 5000 Leva)

The required period One month

Lawyer fee +

Public taxesaround 500 EURO

Lowest expense and easy registration In comparison

with another countries in EU

Necessary Documents

Passport

Advantages

1. To provide Special Tax benefits for business.

2. Export : Customs duty free according to joining in EU

3. Expecting High increase of land prices after EU join(2007)

4. Quick to obtain some permissions by Government,

Cheap & Stable labors (One-Stop-Service)

Ex : Comparing with Czech, the cost is about 30%.

(HYUNDAI Motor (Czech), SAMSUNG electronics (Hungary)

Sales Information

  

1. Sales Unit : Unit - 5000 m2.

2. The lowest price among EU countries

- Expecting High increase of land prices after EU join(2007)

3. Purpose : Industrial facilities.

4. Building coverage : ≤ 80%, Floor area ratio : ≤ 350%.

5. Sales way : First come, first serve

6. Sale, Long Term Rent, Investment : Possible.

1 stage1 stage 2 stage2 stage 3 stage3 stage 4 stage4 stage

Consultation Application Negotiation Sales

Contract

Levski Levski

Investments in Levski

☞ IKEA . Sweden, DIY Furniture.

Building Factory now.

Discount+

☞ Tengelman Group. Germany. Outlet Store.

☞ Gimel Group. Russia. Vegetable Green House.

Production Center for EU (Size :120,000 sq.m )

☞ KIM’s Orchid Green House. Korea.

Orchid Production Center for EU

ESMOS ☞ ESMOS Bulgaria.

Production of MOLDs, Machineries.

☞ Contact info

Choice Ltd

Sofia Bulgaria.

Tel : +359 2 8689470, 8687091

Fax : +359 2 9624962

Mobile : +359 888 808406

E-mail : john@mrpark.biz

Homepage : www.mrpark.biz

Attn : John Park /CEO(Korean Export

Award )