In general every foreigner is allowed to form a company in Bulgaria, no matter if he or she has a Bulgarian residency permit or not.
The following 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 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 .