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Company formation in Bulgaria

Comprehensive assistance in company formation, including banking services

How to form a company in Bulgaria

1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Bulgaria and opening a bank account in Bulgaria
2
Payment of services
Payment of our services for company formation in Bulgaria and/or bank account assistance in Bulgaria
3
Company formation
We register a new company in Bulgaria for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account

4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Bulgaria
Register a company in Bulgaria
One of the key advantages of company formation in Bulgaria are low operating costs compared to companies from other major EU states.
1. Founders of a company in Bulgaria can either be resident or non-resident in Bulgaria. Founders can be either individuals or legal entities.

2. A resident or a non-resident individual can be a director in Bulgaria. It is not required for Bulgarian companies to have a resident individual as one of their shareholders or directors.

3. One individual can be simultaneously a shareholder and a director in a Bulgarian company if such company is registered as a ЕООД (a limited liability company with one founder).

4. However, registration of a company in Bulgaria as a ООД (a limited liability company) requires at least 2 shareholders.

5. There is no requirement for creating substance in Bulgaria - no need to hire local employees or rent an office in order to establish a company in Bulgaria or to conduct business in Bulgaria.

6. Minimum capital requirement in Bulgaria for ЕООД (a limited liability company with one founder) and ООД (a limited liability company) is just BGN 2.

7. Information about company founders, shareholders and directors after a company is registered in Bulgaria is publicly available in the state corporate register.

8. A company in Bulgaria can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the newly registered company to travel to Sofia or Burgas for 1 day in order to open a corporate bank account.
Cost of services
Formation of an ЕООД/ООД
Timeframe - 7 business days
EUR 1900
Standard
  • Company formation
  • State fees
  • Registered address for 1 year
  • Notary services
  • Company seal
Select
EUR 2400
Extended
  • Company formation
  • State fees
  • Registered address for 1 year
  • Notary services
  • Company seal
  • Bank account in Bulgaria
Select
EUR 3300
Ultimate
  • Company formation
  • State fees
  • Registered address for 1 year
  • Notary services
  • Company seal
  • Bank account in Germany
Select
Bank account in Germany at the Commerzbank AG
EUR 1400
Accounting services for 1 year
From EUR 850
Business-partner search in Bulgaria
From EUR 500

Advantages of forming a company in Bulgaria

Attractive business-environment
  • A company in Bulgaria can be used for trading locally within the EU or between the EU and CIS or Turkey, as well as for trading internationally
  • Big opportunities for the establishment of travel business in Bulgaria
  • Free trade with other EU states
Stability and security

  • Political stability
  • Bulgaria is a member of the European Union and the Council of Europe, as well as a member of the World Trade Organization
  • European legal standards
  • Comprehensive protection of property rights
  • Investment protection
  • Low inflation rate
Tax benefits

  • One of the lowest corporate and personal tax rates in the EU - 10%
  • Low withholding tax rate on paid dividends - 5%
  • Multiple tax treaties
No foreign exchange controls
  • Bulgarian state regulations do not impose foreign exchange controls, however, it is required for transactions over BGN 30,000 to provide banks with supporting documents
Ease of establishing and doing business
  • Fast company formation in Bulgaria
  • Minimum capital requirement in Bulgaria for ЕООД (a limited liability company with one founder) and ООД (a limited liability company) is just BGN 2
  • 100% foreign ownership is allowed
  • It is possible to open a corporate bank account in major european banks
  • Affordable real estate for business purposes
  • Low cost of highly qualified labor
  • Lowest operating costs in the EU
More about Bulgaria
Send a request for company formation in Bulgaria
We will contact you within 1 minute
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