Office Properties

  • Office space rents in Bulgaria are the lowest in the region
  • The modern office stock in Sofia is 1 405 700 sq m of which 45% is Class A
  • The office space under active construction stands at 306 000 sq m
  • Average prime office rent in Sofia is €13/ sq.m., and the vacant office space is 30%

Labour Market

Labour force

According to the latest statistics, in 2014 the labour force in Bulgaria consisted of 3.4 million people – 53% men and 47% women. Most of the labour force (86%) has completed some forms of higher or upper secondary education.
 

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Legal Framework

In the present situation, with upcoming Schengen membership, the macroeconomic framework of Bulgaria remains favorable for the entry of new investments. The Bulgarian government has taken considerable steps to meet the challenges of the global economic crisis, to maintain Bulgaria’s financial and macroeconomic stability and to improve the business climate.

Taxation in Bulgaria

Flat-tax system is introduced in Bulgaria - a single 10% rate applied on personal income since and a 10% rate applied on corporate income. Value-added tax in Bulgaria is a 20%, with the exception of hotel services, where a reduced rate of 9% is applied.

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