WTC Sofia (AF) is located in the heart of Sofia – the capital of Bulgaria. This is the biggest city in Bulgaria with 1.3 mln inhabitants and over 50% of the GDP generated.

Bulgaria has strategic business location between Europe, the Middle East and Russia. Sofia is only 1 to 3 hours flights’ duration to connect with the biggest European hubs.

Bulgaria has the lowest corporate tax in EU – 10% flat and the lowest personal income tax in EU- 10% flat. It offers competitive business costs and easy start to business. The minimum capital requirement is 1 Euro. Sofia is the 3rd city in Europe in number of start-ups, with 90% of them in the ICT sector. The country is well known for the low currency risk - the Bulgarian lev is pecked to the Euro. Investors avoid additional risks of local currencies exchange rate fluctuations present in other non-Euro-zone countries.

Sofia has rapidly accelerated its development. The city is home of a vital startup, innovation and R&D ecosystem. Building and expanding the infrastructure and improving the quality of life have further enhanced the city’s business climate.

Great digital infrastructure has been created in Sofia. There is good ICT test market and good conditions for the development of services of the digital and sharing economy. There is high broadband adoption and one of the highest average connection speeds in Europe.