Company registration in Bulgaria

Why choose Profirms for your company registration in Bulgaria?

Profirms is a trusted Bulgarian legal and accounting firm. Our team has helped hundreds of clients from all over the world to open their companies in Bulgaria. Not only that but we’ve actually helped them establish their businesses in Bulgaria. Today, almost half of all our clients that we support with legal and accounting services monthly, are foreigners.

In that sense, we believe we are more than experienced in the process of registering a company in Bulgaria and providing the post-formation services, such as the mandatory monthly accounting services, tax and legal consultations and basically everything that a business needs from a legal and accounting standpoint.

Key moment in the process of company formation in Bulgaria

It is indeed a specific process but with the right help and guidance, we make sure that our clients get the best possible service in the country.

We always tell our clients that there is one key moment in the process – opening the so called cumulative or capital bank account. It is mandatory and must be opened before the registration. It is actually part of it. So, in order to register a company in Bulgaria you have to first open the above mentioned bank account in the name of the company.

How is that possible? How can you open an account in the name of an entity that is not yet registered? It is a special account that only serves for depositing the initial capital of the company. Once opened, the account will give green light to proceed with the process.

Steps for registering a company in Bulgaria

1. Documents preparation

Once you’ve decided to start the process and pay the first half of our fee, we prepare the documents and give it to you for signing.

2. Capital bank account application

You already know about this step. There are two options for it:

• online application in the only platform that provides the service remotely and online
• normal application in a regular Bulgarian bank

Of course we provide full support for both options.

Every client goes through a detailed check by the bank in regard with the Anti-money laundering and countering the financing of terrorism at EU level regulations. If you don’t pass the check, you can’t open the account, you can’t have the company. In this case, unfortunately, you will lose the already paid half-fee to us. That’s actually how we split the risk – normally we charge fully in advance for our services except for this one.

Once the account is done, you have to deposit the capital of the future company and we are ready to go.

3. Notary

One document of all must be notarized. This is specimen signature of the future director/s of the company. We have 3 options for this:

• Bulgarian embassy or consulate in your country
• A regular notary in Bulgaria
• A notary in your country (additional procedures might be needed)

Once we have everything of the above done, we can proceed with filing the documents online in the Registry Agency. If we’ve done everything remotely, you can provide just scanned copies of all the papers.

Up to 2-3 business days upon submission, your new Bulgarian company should be registered.

What is the price for company formation in Bulgaria?

Here is a list of our fees for company formation in Bulgaria:

Limited company – EUR 320

VAT registration – EUR 240

Registered address – EUR 420 per year*

*The registered address is mandatory for the company registration. It is free after the first year for our clients who use our accounting services.

The price of the service may vary depending on every specific case.

What are the tax advantages of having a Bulgarian company?

The corporate tax rates in Bulgaria are among the lowest in EU with just 10% flat corporate tax and 5% flat dividend tax.