Price starts from €3,500

Boasting low tax rates and minimal regulation within the European Union, Bulgaria presents an ideal destination for entrepreneurs seeking to expand their existing ventures or establish new ones. Setting up a business here comes with streamlined legal requirements, making the process straightforward and efficient compared to many other EU countries.

This jurisdiction is the best option for:

IT and Tech Startups;
Outsourcing and BPO Companies;
Financial Services;
Tourism and Hospitality;
Agricultural and Food Processing;
Crypto and Blockchain Companies.

Benefits:

Easy and fast Registration;
Favorable Taxation;
Economic security;
Developed foreign trade sphere;
Stable exchange rate (Bulgarian currency peg to Euro);
Encouragement of business investments;
Access to European markets;
No currency control;
Cost-effective company formation (inexpensive companies);
Remote registration and bank account opening (no personal presence required).

61st

place Bulgaria takes for ease of starting a business, according to the World Bank

71

countries have signed a double taxation avoidance agreement with Bulgaria

10%

standard corporate tax

One of the most popular company forms in Bulgaria is the limited liability company (LLC), in Bulgarian “Дружество с ограничена отговорност” (ООД), or Single Member Limited Liability Company (SMLLC), in Bulgarian “Еднолично дружество с ограничена отговорност” (EOOD)

Procedure for registration a company in Bulgaria

Step 1. Initial Setup:

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration:

Verification and reservation of the company name at the Bulgarian Commercial Register
Facilitating the notarial process for the company's official registration
Opening a bank account in the owner's name and depositing a minimum of €1 of the share capital
Incorporating the company's data into the Bulgarian Commercial Register
Obtaining the Certificate of incorporation issued by the Bulgarian Commercial Register, Memorandum and Articles of Association
Obtain a business license (if applicable)
Register for VAT: If the company is expected to have a turnover of more than BGN 100,000 per year, it must register for Value Added Tax

We also can help with:

Company secretarial services
Opening bank accounts
Preparing apostilled documents
Further legal support

Requirements for a LLC in Bulgaria

Before deciding to set up a new company in Bulgaria, read the information below to understand the characteristics of a Limited Liability Company:

The type of company is a Limited Liability Company (LLC).

Number of directors/shareholders – the LLC is registered with a minimum of 2 shareholders, SMLLC only needs 1 shareholder and company must have one director.

Number of employees – unlimited.

Share capital – €1.

Liability – The liability of the shareholders in an LLC is limited to the amount of capital they have invested in the company.

Accounting – Bulgarian companies must maintain accurate accounting records and prepare financial statements.

Document requirements:

Passport copies (a scan) of all participants;
Proofs of domicile dated less than three months;
Last 3 months' bank statement;
A Power of Attorney (in case of a remote company registration);
3 options of the desired name for the company;
Company contact email address;
Short description of company's activity.

Taxation in Bulgaria:

Corporate tax 10%

Personal income tax 10%

Dividends 5%

The withholding tax to be paid from interests and royalties is 5%.

National insurance contributions: the total national insurance contribution rate (social security and health insurance) is 32.7% to 33.4%.

Value-added tax (VAT) standard rate is 20%. A reduced VAT rate of 9% applies to certain tourist services.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.