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Registration and Maintenance of a Company in Bulgaria. Service offer

Company registration and maintenance services in Bulgaria, bank account opening, timelines, and jurisdiction specifics

Contents

  1. Company registration and bank account opening
  2. Timeframe
  3. Characteristics of the jurisdiction

Company registration and bank account opening

Services
Fees, EUR*
Registration of a limited liability company in Bulgaria (OOD, EOOD) with standard articles, including - check for availability and reservation of the company name at the registration authority;
- preparation of documents required for the registration;
- payment of the government fee;
- registration in the trade register;
- provision of a package of company documents and the seal;
- provision of a registered office address for 1 year;
- pre-registration client check fee – compliance fee.

The following costs are payable additionally by the client:
- in the case of remote registration, the making, notarization and apostille of the power of attorney and courier costs for sending documents;
- translation and apostille of a package of company documents.
4 700
Professional director, a resident of Bulgaria
from 3 030
Opening a bank account in Bulgaria
from 3 500
Registration of a company for corporate income tax and VAT
1 200
Annual administration of a company, starting from the second year, including provision of a registered office address, but not including Compliance fee
3 180
Preparation and submission of financial statements

Accounting fees are charged based on the number and complexity of transactions, existence of VAT transactions, VIES and Intrastat reporting, etc. An approximate estimate of the audit fees can be made based on a detailed description of the activity, expected number of transactions, and samples of contracts.
100 – 350 per hour
Compliance fee,
payable in the cases of:

- incorporation of a company,
- renewal of a company,
- liquidation of a company,
- transfer out of a company,
- issue of a power of attorney to a new attorney,
- change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder,
- signing of documents.
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL
+ 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL
450 (rate for high-risk companies, includes the check of 1 individual)
100 (signing of documents)

*The fees are valid as of April 2025. They do not include 20% VAT.

Timeframe

Registration of a company takes 2–3 weeks.

Characteristics of the jurisdiction

  • The most popular types of company are a Limited liability company (Дружество с ограничена oтговорност, OOD) and a Single-member limited liability company (Еднолично дружество с ограничена отговорност, EOOD).
  • The details of shareholders and directors are included in a public register.
  • You can apply all EU directives, including for tax purposes.
  • You can open an account in the country of registration, Bulgarian banks are relatively business-friendly.
  • There are no residency requirements for the director and shareholder. A local director is not required as the residence of the company is determined by the place of incorporation (Bulgaria); however, in the event of a conflict of laws, when the company is effectively managed from outside Bulgaria, it is necessary to review the double tax treaty (DTT) between the countries.
  • The general corporate income tax rate is one of the lowest in Europe – 10% (by comparison, Cyprus has a 12,5% rate). The undistributed profit of a Bulgarian company is not taxed.
  • Incoming dividends from other countries may be taxed in Bulgaria at 0% rate depending on the paying country. Most tax treaties allow to reduce the rate of withholding tax on dividends only a little (down to 15%).
  • Outgoing dividends to non-EU countries are taxed at 5%, to EU countries (Cyprus, for example) – at 0%. The DTTs with the UAE and Qatar also allow reducing the rate to 0%.
  • Incoming interest is taxed at the general corporate income tax rate – 10%.
  • Outgoing interest – no tax regardless of jurisdiction.
  • Special migration programs (work visas, residence permits, citizenship).
Are you interested in the offer?
EUR 4 700
Download offer in PDF
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