Do you want to open an office in Sofia, Bulgaria?
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.
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.
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
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
3. Business Friendly Tax Rates
The lowest corporate tax in EU – 10% flat
The lowest personal income tax in EU- 10% flat
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
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
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