bulgaria

Company FormationBulgaria

Bulgaria is a small country in Europe. It neighbours Romania, Turkey, Greece, Serbia, and Macedonia. The country joined the European Union in 2007 and has seen increased economic growth. Its GDP reached $168 billion in 2018 and is expected to grow by more than 3%. This is greater than the EU average of less than 2%.

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Why Registera Company in Bulgaria?

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Strong neighbors

Bulgaria has relatively strong neighbours that are seeing impressive growth in the past few years.

EU member state

Bulgaria is an EU member country. This has a benefit in that it enables companies to conduct business internationally without paying border tariffs.

Low corporate taxes

Bulgaria has a corporate tax rate of 10%. This is the lowest rate in the European Union.

Low business costs

The country has low business costs like labor and office costs.

Young Workforce

Bulgaria has a young and well-educated workforce.

Business Entitiesin Bulgaria

There are several types of businesses you can register in Bulgaria. These are:

Sole proprietorship

This is a business that is suitable for solo entrepreneurs. The entire liability is on the entrepreneur.

Private Limited Liability Company (OOD)

This is a business that is suitable for small and medium enterprises. There is no need for minimum share capital.

Public Limited liability company (AD)

This is a limited liability company that must be formed by at least two members. The minimum share capital that is required is BGN 50,000. This is equivalent to EUR 25,000.

Partnerships

These are companies formed by two or more partners.

Documentsneeded for Registering a Company in Bulgaria

There are a number of documents that are required to register a company in Bulgaria. The most important ones are:

You need to identify yourself in order to register a company.

This is for foreigners who are registering their companies in Bulgaria.

These are prepared by attorneys.

These are needed for certain professions. For example, you need to have a law education to start a law firm.

These are documents which prove intellectual property rights.

FAQson Registering a Company in Bulgaria

Bulgaria is trying to attract many foreign companies. As a result, the country has been investing heavily to become a favourite destination for investors. Therefore, it has simplified the process of starting a company. Indeed, it takes less than two weeks to register a company in the country.

The corporate tax in Bulgaria is 10%. There is also an addition tax of 20%. 

No. You can use a lawyer or a consultant to do the work for you. You will be needed to sign documents.

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