Company registration in Bulgaria
Open a limited company in Bulgaria
Company formation in Bulgaria is easy with us
1. Visit Sofia or do it remotely
We prepare the documents and you sign them. You choose whether to visit Sofia or do it remotely.
2. Notary and bank
Some documents need notarization. If you choose the remote option you will have to visit the nearest Bulgarian embassy/consulate for notarization.
3. Company registration
When you sign and attest the documents we file them for registration. Company will be registered in 2-3 days.
Packages with state fees included
- STANDARD
- 320 €
- Limited company
- State fee
- Service fee
- X
- X
- BUSINESS
- 560 €
- Limited company
- State fee
- Service fee
- VAT registration
- X
- PREMIUM
- 980 €
- Limited company
- State fee
- Service fee
- VAT registration
- Registered address for 1 year
More details about the process of establishing a company in Bulgaria
How to start?
What we initially need for preparing the documents for a new company is the following information:
- Copy of owner/director’s passport/ID;
- The name you want for your company;
- Scope of activity;
- Capital of the company (minimum is 1 euro);
- Registred address (mandatory – we provide this service in our Premium package).
When we have this information we prepare bilingual documents (Bulgarian and English) and you have to sign them. If you choose the remote option we send the documents by email.
Remote registration
If you prefer to open the company remotely, you will have to visit the nearest Bulgarian embassy because one document needs notarization. This is the directors specimen signature.
A second visit to the embassy will be needed when the company’s registered. That’s because we’d need (or any one else would need) a notarized power of attorney in order to represent the company before all the Bulgarian authorities regarding the accounting of the company.
Visit Sofia
If you choose to visit us for the formation you will have to stay in Sofia for about 3-4 days. After the registration which takes 2-3 days, you have to sign some more documents including a notarized power of attorney for the Tax Agency.
Important about bank accounts
Every company needs to open a capital bank account in order to deposit the initial capital. This is mandatory for the formation – we can’t open a company without a bank account and deposited capital.
Regarding the Anti-money laundering Law every client has to be checked in details by the bank before they open a bank account.
There is a chance that not everybody gets approved by the bank and that means company formation is not possible.
We support our clients helping them open a capital bank account remotely.
Limited liability company
Probably the most common way of doing business all over the world. Also known as Ltd. in the UK and LLC in the USA. In Bulgaria this kind of entity is called OOD for a company with two or more partners and EOOD for a single shareholder firm. The minimum capital for a limited company in Bulgaria is 2 BGN which is about 1 EUR.
Joint stock company
A joint stock company is the business entity in which the capital consists of stocks. Usually it’s the preferred kind of company when it comes to businesses with bigger capital. The minimum capital for opening a JSC in Bulgaria is 50 000 BGN which is 25 600 EUR.
Advantages of having a company in Bulgaria
It is really easy and affordable to have a company in Bulgaria. You don’t need to be a Bulgarian resident to be able to have a company in the country. Having a company makes it easier to receive a Bulgarian residence if you need one. Taxes in Bulgaria are among the lowest in the EU which makes it one of the most preferable countries to have a business in.