
The concept of
smart city proves successful in many developed countries worldwide, and
Bulgaria, an East European state, is also included in plans for future
investments for the years to come.
Saint Sofia Project was announced in 2014, when the project of making a
smart city near Elin Pelin in
Bulgaria was settled by a Chinese-owned company in the country. In matters of
company registration and related documents, our
specialists in company formation in Bulgaria can provide entrepreneurs with complete support.
An important project which can be ready in three years
Bulgaria is open to
foreign direct investments especially in the main industries and areas of interests. The Bulgarian government has decided for several incentives and measures to implement the first
smart city in the country. As this part is done on the Bulgarian behalf, it will remain only one thing left to do - to attract and put into action the
investments of Chinese businessmen. The
smart city is set to rise near Elin Pelin which is a city found at 24 km away from Sofia, the capital of
Bulgaria.
The residential area will comprise hotels, offices, shopping malls and green spaces and will sum up about BGN 1,60 billion (approximately EUR 750 million). We remind that
foreign owners with businesses in Bulgaria can rely on the
skilled workforce in the country. Additional details about how to
register your company in Bulgaria, you may address to our
Bulgarian company incorporation representatives.
China to expand its investments worldwide
The
smart city project for Bulgaria, which is named
Saint Sofia, was presented at the beginning of this year in Beijing, China, as an important high-tech innovation plan for an East-European country. This significant development is part of the Belt and Road Initiative which intends to expand the international Chinese influence and investments not only in Asia but also in Europe, North Africa, Oceania and South-East of Asia.
Saint Sofia Project has an important investor which is a communication company with a subsidiary in
Bulgaria.
If you plan to expand your portfolio and
set up a business in Bulgaria, we invite you to
get in touch with our
team of company formation representatives in Bulgaria.