Digital nomads in Bulgaria are embarking on a unique venture in the remote mountain resort of Semkovo as they plan to convert a majestic 16,700 square-meter hotel into Coliving Semkovo.
The community of digital nomads, remote workers, and distributed companies aims to create a one-of-a-kind coliving destination based on collaboration, community, and cooperation.
The project will convert the hotel building into 200 apartments and provide a unique community experience in a remote setting surrounded by nature.
Coliving Semkovo is set to revitalize the underused destination by providing an ideal location for work and leisure activities, including winter sports, mountain biking, hiking, and other outdoor activities in the beautiful Rila mountains. The property’s size makes it an ideal fit for large-scale events, workation groups, and bootcamp programs.
A remarkable aspect of the project is that it will be community-owned, with individual apartment owners forming part of the co-op structure that will manage the coliving business and develop the destination.
When the owners are not living in their apartments, they will be able to rent them to digital nomads, remote teams, startups, and tech incubators who can benefit from being in a location that combines unspoilt nature and a like-minded community with the facilities required to succeed in the future of remote work.
Coliving Semkovo will offer an array of amenities and facilities such as work and event areas, a communal kitchen, a swimming pool, a restaurant, a bar and cafe, cinema, private offices, art space, and more. The project will also partner with service providers to offer activities such as yoga, guided mountain tours, Brazilian Jiu-Jitsu, and business support services such as accounting, legal, and insurance.
Bulgaria’s remote location with many unused buildings and old hotels in areas that have fallen out of favor make the project financially viable to buy big, otherwise unused properties, and convert them into one of the world’s most exciting coliving spaces. Moreover, Bulgaria’s attractive tax system with only 10% income tax attracts many EU citizens to move their residency and businesses there.
The country’s natural beauty, rich cultural history, and low cost of living make it an ideal place for digital nomads and remote workers.
Matthias Zeitler, the founder of Coworking Bansko, the base for digital nomads in Bulgaria, has spearheaded this project. He has leveraged all his experiences and connections from building the Bansko ecosystem to take community building to the next level and create Coliving Semkovo.
The project has garnered the interest of more than 200 people already, with many backers putting down deposits to move the project forward. The apartments’ prices start from only 15,000 EUR for a studio, making this an affordable investment and an excellent opportunity to shape the future of remote work.
More information can be found at www.colivingsemkovo.com