Why would you need a branch office?
A branch office in a new country is usually needed when a business is expanding. The branch office is not a separate legal entity and it doesn’t need a capital to be registered. It is “attached” to the main company and the main company is responsible for the branch.
Branch or a new company?
Of course expanding your business by opening a branch is not always the best decision. Sometimes (in most cases) opening a brand new company in Bulgaria, is the better decision. Having a branch makes accounting more complicated and expensive for the mother company.
If you want to know what option is best for you, please contact us for more information.