Company Registration in Bulgaria - Business Starting & Setup

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Service packages Legislation Tax System
Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
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Apostilled bound set of incorporation documents
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Compliance fee
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Nominee service per year
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Bank Account Pre-approval
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Price
5 675 USD

8 995 USD

9 495 USD

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Core Services

— Incorporation

Price4 700 EUR

(including incorporation tax and state registry fee)

— Annual government fees

Priceincluded

(Stamp Duty) and Companies House incorporation fee

— Corporate legal services

Price3 030 EUR

(including registered address and registered agent)

—Delivery of documents by courier mail

Price150 EUR

DHL or TNT, at cost of a Courier Service

Priceот 2 750 EUR

Nominee Director

Paid-up “nominee director” set includes the following documents

Nominee Shareholder

Paid-up “nominee shareholder” set includes the following documents

Compliance fee

Compliance fee is payable in the cases of: 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 / BO (except the change to a nominee director / shareholder)

Basic

Price250 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price50 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price100 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price250 USD

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    General Corporate Information

    Legal system

    Bulgaria belongs to the Romano-Germanic legal family.

    The modern legal system in Bulgaria emerged after the restoration of statehood in 1878. At that time the first codes were adopted following the European models (Russian, Hungarian, German).

    After the declaration of a People's Democratic Republic in 1946 the former legislation was completely abolished.

    Since the end of 1989 the processes of radical transformation of the political and economic systems started to unfold in Bulgaria, with a course towards consolidation of democracy and transition to the market economy.

    As a result of a full-scale reform in the 1990s, which affected all branches of the law, Bulgaria returned to the Romano-Germanic legal family, maintaining in general the previous structure of its legal system.

    Most branches of law are codified.

    The main source of law is laws and other legal regulations.

    Judicial practice is recognised as a source of law (close to judicial precedent) only at the level of decisions of the Plenum of the Supreme Court.

    Types of Entity

    Bulgarian legislation provides for the establishment of the following organisational and legal forms:

    • General Partnership
    • Limited Partnership
    • Limited Liability Company
    • One-man-company with Limited Liability
    • Joint-stock Company
    • Partnership Limited by Shares
    • Sole Proprieto

    The most common structures are the Limited Liability Company with two or more shareholders (LLP) and Limited Liability Company with one shareholder (SPL)

    Registration

    Company Name

    There are the following requirements for the company name in Bulgaria:

    • must not be identical or too similar to the name of an existing company;
    • must end with the indication of the legal form: LLC or EPO;
    • you cannot use in the name the words indicating the types of activities that require special legal regulation, licensing (bank, insurance, investment, financial, trust);
    • It is prohibited to use words, indicating the national or international nature of activity (national, imperial, European, Global).

    Registration of the company

    The following steps are required to register a company:

    • Define the company name, the structure (director, shareholder, beneficiary), the amount of share capital, the type of activity;
    • Check the uniqueness of the company name;
    • to pay for the services;
    • to provide the appropriate documents;
    • to register at the tax authorities.

    With the personal presence of the shareholder (one-day visit), the period of company registration in the register takes 1 week.

    Without the personal presence of the shareholder, the company registration takes 2-3 weeks, as the company is first registered to a local agent, and then transferred to the client.

    Registered office

    There are no requirements for a registered office.

    Seal

    There are no seal requirements.

    Company Structure

    Director

    There are no residency requirements for a director.

    A local director is not required, because the residence of the company is determined by the place of incorporation (Bulgaria), but in the case of a conflict of norms, when the company is in fact managed from another country, it is necessary to study the double taxation avoidance agreement between the countries.

    Information about the directors is contained in a public registry.

    Secretary

    No secretary is required for Bulgarian limited liability companies.

    Shareholders

    Requirements for shareholders: two or more shareholders in a LOD, one shareholder in an EOOD.

    There are no residency requirements for the shareholder.

    Information about the shareholders is contained in the public register.

    Beneficiary

    Bulgaria 2021 has adopted transparency rules from the OECD and on first request can provide data on the beneficiary through the agency's corporate website or by request.

    Share capital and shares

    The minimum authorized share capital of a Bulgarian Limited Liability Company is BGN 1.

    The standard amount of share capital is 5,000 BGN.

    Bearer shares and shares with no par value are prohibited.

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