08-09-2026
“Penkov, Markov & Partners” Welcomed a Delegation from the Chinese Investment Fund Silk Road Fund
It was not only an honor, but also a pleasure for "Pankov, Markov and partners" (Vladimir Penkov, Chairman and senior partner, Nikolay Cvetanov, Managing partner, Pavel Tsanov, Partner and Boris Strijlev, Partner) to host the meeting with the delegation of the Chinese Investment Fund Silk Road Fund, led by Lincy Zhu (also attended by Wenyi Liu and Yuanzhe Liu).
I would like to thank Franz Hörhager, Christian Stix and Iliyan Lazarov from the European Investment Fund - ACP Group for the recommendation.
 
 
After I highlighted that Chinese investors and partners play a special role for us and this has found expression in our membership in the Chinese SIPAC association, which brings together leading law firms from around the world, I briefly presented the values and principles of work, as well as the experience of PM&P, including the management of similar funds.
 
 
The Chinese delegation with interest also listened to my brief presentation on Bulgarian legislation, which ensures equal treatment and reliable protection of foreign investors.
 
 
The modern trade legislation, easy and fast electronic registration of companies, good regulation of public procurement, competitive law, protection of consumers and protection of data, as well as the administrative and financial support provided by the state, make Bulgaria a very suitable destination for Chinese investors.
 
 
I particularly drew attention to the opportunities for participation in other fund companies and foundations, taking into account privileged shares and guaranteed dividends.
 
 
The low tax burden on profits and earnings of employees (10%), the possibility of VAT refunds (20%), well-organized industrial parks, as well as independent courts, create additional security and comfort for investors.
 
 
I believe that Silk Road Fund can be successful in Bulgaria, which will contribute to the development of bilateral relations.