This page aims to show you the types and procedures of starting different Company formations in Bulgaria. In general every foreigner is allowed to open a company in Bulgaria, no matter if he or she has a Bulgarian residency permit or not.
The following Company formations can be registered in Bulgaria:
- Limited Liability Company (Ltd) with one or more shareholders (individuals or companies) and managers (individuals) and registered capital of minimum 1 Euro.
- Joint-stock company (JSC) with one or more shareholders (individuals or companies) and minimum three members of the board of directors. The minimum register capital is 25.565 Euro.
The Company registration procedure takes 3 days. If the required notarized documents are notarized abroad (in case the manager/s decide not to come to Bulgaria) the procedure will be extended with the days required for legalization of the documents.
Owners of recently formed companies in Bulgaria should know that their company will be due to pay 10 % flat income tax on the profit, no matter the amount of that profit. The companies in Bulgaria should submit their annual tax return by the end of March for the previous calendar year and this is so even when the company does not have activity.
SofiaOffices would be glad to assist you with the registration of your new company in Bulgaria .
Registration of legal entity (Ltd):
Time frame: 5 days
Cost: The exact calculation depends on the number of the documents that should be translated, legalized at the Ministry of Foreign Affairs and coordinated with the bank and Commercial Register
€ 600 – if the manager/s and shareholder/s are present in Bulgaria
€ 800 – if the manager/s and the shareholder/s will not be present in Bulgaria to notarize the relevant documents
from € 1200 Euro – if the owner of the company will be a foreign legal entity
Included all taxes and fees: Government fees, Notary fees, opening of a initial capital bank account, Translation and legalization of the documents in the Ministry of Foreign Affairs, Registration in the Registry Agency, Commercial Register, Legal fees.
Bank account opening:
We should be informed in advance if the manager will be present personally or will be represented by a proxy with an exact power of attorney.
Cost: € 100 per account