29/10/2021

Sofia Invest – Virtual Space

Do you want to open an office in Sofia, Bulgaria?

ABOUT US

MISSION

Our mission is to support Sofia to develop as a modern, innovative and green city; an attractive and preferred place to start and grow a business by local and foreign companies.

We support Sofia in creating, attracting, retaining and inspiring talented professionals – entrepreneurs and researchers – that will help turn the city into a center of innovation for high value-added industries.

 

THE AGENCY

Sofia Investment Agency is part of Sofia Municipality and offers a one-stop service for foreign companies, entrepreneurs and startups, looking to set up business in Sofia. We assist international companies in finding business opportunities in Sofia and provide all relevant information and guidance for setting up.

The Agency in close collaboration with Sofia Municipality in supporting companies to launch operations in fast and effortless manner.

Our team will connect you with key local contacts, will help you assess the local business climate and will enhance the competitive advantages for your business in Sofia.

We will translate what local legislation means for your business and will deliver comprehensive benchmark and opportunity analysis within your industry.

Our services are free of charge and always tailored to meet your precise needs.

 

OUR SCOPE

Sofia Invest Agency (SIA) offers end-to-end investment services, tailored according to your specific needs. The services cover every stage of setting up a business in Sofia, ranging from initial data collection and opportunity/benchmark analysis to networking and the actual business launch.

We support international companies with business services, industry specific information and contacts, as well as with finding appropriate sites/locations and/or expertise/employees.

Sofia Municipality through Sofia Investment Agency incentivizes foreign and local investors through Class “C” certification program.

Public Private Partnerships – we support and facilitate PPP between Sofia Municipality and foreign and local businesses.

Bridging business and academia is our priority, reflecting in improved planning and availability of skilled and professional human capital.

 

10 Great Reasons to Invest in Sofia

1. Regional Talent Hub

  • Sofia has a well-developed recruitment base of highly skilled employees, especially in the ICT sector and the creative industries

  • 23 universities, over 100 000 students, 63 research centers and 20+ independent software schools

  • Most young people in Sofia speak English

  • Read more about the labor force

2. Global R&D IT Leaders Аre in Sofia

  • Global IT R&D leaders like SAP Labs, HP, Bosch, VMware, IBM, CISCO already operate large R&D centers employing, educating and developing thousands of highly qualified professionals

  • 50 000 people employed in over 100 IT companies

  • Read more about the IT industry

3. Business Friendly Tax Rates

4. Competitive Business Costs

  • The lowest overall labor cost per hour in the EU

  • One of the lowest office space costs in Europe. Low total occupancy cost per square meter per year – 223 Euro (2014)

  • One of the lowest industrial energy prices in the EU

5. Easy to Start a Business

  • Capital requirement of 1 Euro

  • Sofia is the 3rd city in Europe in number of start-ups, with 90% of them in the ICT sector

  • Investor class C certificate is awarded to projects of regional significance

  • Read more about registering a business

6. Low Currency Risk

  • The Bulgarian lev is pecked to the Euro

  • Investors will avoid additional risks of local currencies exchange rate fluctuations present in other non-Euro-zone countries

7. Developed Creative Industries Sector

  • Sofia is a center of the cultural and creative industries. In 2014 it was awarded the title “Creative City of Film” by UNESCO

  • Bulgaria ranks 37th out of 128 countries in “creative outputs” indicator for 2018 (Global Innovation Index).

  • 3/4 of the sector’s workforce in Bulgaria is concentrated in Sofia

  • Read more about the creative industries

8. Great Digital Infrastructure

  • Great ICT test market and good condition for the development of services of the digital and sharing economy

  • High Broadband adoption

  • One of the highest average connection speeds in Europe

9. Strategic Business Location Between Europe, the Middle East and Russia

  • Use Sofia as your gateway into the markets of the Middle East and the Russian Federation, while setting operations in an EU-member country

  • Only 1 to 3 hours flights’ duration to connect with the biggest European hubs

  • Sofia Airport launched 42 new routes between 2015-2018

10. EU Funding Opportunities

  • Companies registered in Bulgaria have access to EU funds on both – national and EU levels, which provides many opportunities for direct business partnerships with companies from various European countries

 

https://investsofia.com/en/



Meet the team