Company formation and opening an office in Sofia

Since Sofia is the capital of Bulgaria, it is no surprise that most of the big companies head to this city when they decide to start a business in the country. The other cities they usually choose are Plovdiv, Varna and Bourgas. These companies have two options to start. Usually the smaller companies prefer to try the market at first and use the services of the virtual offices that are provided in Sofia. In this way for a certain period of time they can process their correspondence without physically being here, they can present the services of their company on the market, arrange meetings and job interviews, etc. The bigger companies tend to make their research well before they actually establish themselves in Sofia, so that when they actually open an office in Sofia, they have already done their math’s.

All companies that decide to start business in Sofia city will be pleasantly surprised to find real professionals in the spheres of legal services and consulting, Bulgarian company registration and taxation, financing, etc. These companies will be able to choose from several types of legal forms depending on their business. These could be sole trader enterprises, joint stock companies, limited liability companies, holdings, etc. For the registration of a company in Bulgaria one needs to fill in a set of documents arranged according to the laws in the country. The first thing is for a company name to be chosen, reserved and registered. Once this is done, there are certain documents that have to be prepared like an agreement of the association, a specimen of the signature of the managers, resolution from the meeting of the managers, etc. After that a company bank account is to be open by the manager or by a person who is authorized by that manager with a power of attorney signed in front of a Notary Public. Several other registrations need to be made as well – with the National Statistical Institute, with the National Insurance Institute, with the Local Tax Authority, with the Commercial Register, the personal data protection and the labor inspection committees, etc.

After the documentation is organized or along with its organization, the investors could look for an office. The city of Sofia has excellent business areas with modern business centers of class A, where the offices come with top location and are supplied with all facilities required for an efficient working process. In addition are available meeting and conference halls for different events with the coworkers and employees. Offices could be fully equipped and furnished to meet the needs of your business. They could be set in the center of Sofia or in the main business areas like Business Park Sofia in Mladost District, several large business areas near the southern part of the ring road of the capital and the office zone in Lozenets District, which is also set near the center and is served by the new line of the metro.