1. The investment must be related to:

1.1. the setting-up of a new enterprise;

1.2. the extension of an existing enterprise/activity;

1.3. diversification of the output of an enterprise/activity into new products;

1.4. a fundamental change in the overall production process of an existing enterprise/activity.

2. The investment can be in any economic sector, except those that are specified in Article 13a of the Investment Promotion Act.

Investments in the following economic activities are not eligible for investment incentive certificate (as specified in the Regulations for Application of the Investment Promotion Act).

If the investor in any of the eligible sectors simultaneously executes activity in any of the excluded sectors, only investments in the eligible sectors shall be promoted. The investor is obliged to keep separate accounting to ensure activities differentiation and/or costs differentiation so the excluded sectors are not an object of investment incentives.

3. The investment amount must not exceed 2 million leva;

4. Тhe income from the investment project must be at least 80% of the total income of the enterprise of the investor.

5. Аt least 40% of the eligible costs of the tangible and intangible assets shall be financed by the investor’s own resources or by external financing in a form excluding public support.

6. Тhe investment must create employment that:

6.1. is directly related to the implementation of the investment project;

6.2. shall lead to a net increase in the number of employees in the organization, compared to the average number of employees over the previous 12 months;

6.3. shall be maintained for a minimum period of 5 years in the case of large enterprises and a minimum period of 3 years in the case of small and medium-sized enterprises.

7. The period for the investment execution must not exceed 3 years from the date on which works on the project commenced until the date of its completion.

8. The investment must not relocate outside Sofia Municipality for at least 5 years, and in the case of small and medium-sized enterprises – 3 years, from the date of its completion

9. The acquired tangible and intangible fixed assets must be new and must be bought under market conditions from third parties, independent of the investor.

I. Any person:

1. who has been convicted by an enforceable sentence, unless rehabilitated;

2. which has been adjudicated bankrupt or is subject to pending bankruptcy proceedings, or has made an out-of-court arrangement with the creditors (Article 740 of the Commerce Act);

3. which has been put into liquidation; who or which incurs any pecuniary obligations to the State or to the Municipality (Article 162 (2) of the Tax and Social-Insurance Procedure Code), established by an enforceable act of a competent authority, save as where a rescheduling or deferral of the said obligations has been allowed;

4. who or which has unpaid labor remunerations to factory and office workers, established by an enforceable penalty decree.

II. For the performance of privatisation contracts under the Privatisation and Post-Privatisation Control Act, or for the performance of concession agreements for extraction of natural resources under the Concessions Act, or for extraction of subsurface resources under the Subsurface Resources Act, and in performance of compensatory (offset) arrangements. Promotion also shall not be extended to investments for product manufacturing and activities, specified in Annex I of the Treaty Establishing the European Community, in accordance to Regulation (EU) No. 651/2014 of the European Commission for the implementation of Articles 87 and 88 of the Treaty in terms of the national regional investment aid scheme and in other cases, specified in the regulatory.