The steps for registration a company in Bulgaria
Company registration in Bulgaria could be easily arranged by following a few practical steps. The easiest way, however, is to use the qualified services, which are offered by the professionals dealing with company registration. The Commercial law in Bulgaria allows for the setting up of several types of companies including corporation limited liability company, joint stock company, a sole-proprietorship company, a charity organization, local branch of a foreign company, shelf company, a holding, and so on. The so called re-registration service of already existing companies is also available. The process of re-registration with the Bulgarian Trade Register is done for companies who have been established as such before year 2007 when that register was set and is in operation ever since.
We all live in a busy world, where one of the most cherished assets is the time. Thus, there are professionals who can help you set up a company in Bulgaria and save you not only precious hours and days, but also contact with the local administration system, the Registry Agency, banks, etc. Nowadays, setting up a company is easy and it does not require your physical presence. The first thing that is there to be decided upon is the form of the company you wish to set up. If you decide to go for a professional help, you will have a reputable team that will advise you on the type of company that is most suitable for the business you wish to make in Bulgaria. As stated above, there are several options available and with the help you will get, you will be able to pick the legal form that best matches your interests in terms of taxation, accounting and other. Usually, people who want to set up a company have a vision of what they want to achieve, thus the company formation process should be easy.
The documents that one needs to present in order to register a limited liability company in the commercial register include a completed application form for the registration, a memorandum of association and a constituent meeting minutes. Further are required a consent with specimen of signature that is certified by a notary public and this is required for each of the managers. Then, one will also need a declaration in compliance with art.142 of the Commercial Act, a reservation of the company name which should be unique, a document from the bank of the capital deposited as well as a receipt of the paid state taxes. In addition are required a certificate for the actual status of the shareholders and a decision of the managing body. When the company is set up, there are some other registrations that are quite important and need to be arranged. These may include VAT registration and registration at the National Insurance Agency if the company plans to employ other people, pay them salaries, etc. These registrations are complex as well and the best way to arrange them is by using professional advice and presentation.
