Company Formation Bulgaria · Sofia
Company Registration in Bulgariafrom €400
Register a company in Bulgaria with our Sofia team: OOD setup, company documents, tax registration and a registered address. Request a detailed quote.
Featured guide
Set up OOD in Bulgaria
How to register an OOD (limited liability company) in Bulgaria: steps, minimum share capital, documents, UIC company number and taxes. Ask us for a quote.
Set up a Sole Trader in Bulgaria
How to register a sole trader (ET) in Bulgaria: registration steps, required documents, business name and tax obligations. Ask our team for help.
Open a Business in Bulgaria as a Foreigner
If you want to open a company in Bulgaria as a foreigner, this article will help you. You can contact our Bulgarian agents for assistance.
Fiscal Representative in Bulgaria
Clients can benefit from the services of our fiscal representatives in Bulgaria when opening a company in this country.
Open an SPV in Bulgaria
We invite foreign entrepreneurs to open an SPV in Bulgaria with the support of our local agents. We can handle the registration procedures.
Payroll in Bulgaria
Interested in payroll services in Bulgaria? We invite you to talk to our company formation agents in Bulgaria and benefit from complete guidance and details.
You can start a company in Bulgaria right now using our online service. Explore our services and prices below, then contact us to take advantage of our special offers.
Company formation in Bulgaria from EUR 400
The price includes the administrative and notary fees.
| Quick Facts | |
|---|---|
| Types of company formation services we offer in Bulgaria | – company setup in Bulgaria, – assistance in drafting company documents, – representation in front of the Bulgarian authorities, – company domiciliation, – tax registration, and many more. |
| Is 100% foreign ownership allowed in Bulgaria? | Yes, there are no restrictions or need for a local partner. |
| Price for company incorporation in Bulgaria | Starting at EUR 400 |
| Where is company incorporation done in Bulgaria? | At the Bulgarian Registry Agency |
| Types of entities available in Bulgaria | – limited liability company, – joint stock company, – partnership, – sole proprietorship, etc. |
| What is the most popular business structure in Bulgaria? | The limited liability company – OOD in Bulgaria |
| Minimum shareholders to open an OOD in Bulgaria | At least 1 |
| Minimum share capital for an OOD in Bulgaria | EUR 1 |
| Needed documents for company formation in Bulgaria | – Articles of Association, – Memorandum of Association, – IDs/passports of shareholders & directors, – proof of registered business address and name reservation, – statutory declarations, etc. |
| Do you assist in opening a bank account in Bulgaria? | Yes, such a bank account is normally set up in 5 working days. |
| Can foreigners buy shelf companies in Bulgaria? | Yes, we can put you in contact with ready-made company providers in Bulgaria. |
| Where do I register a company in Bulgaria for tax purposes? | At the National Revenue Agency in Bulgaria right after company incorporation. |
| Do you provide a registered business address in Bulgaria? | Sure |
| Time frame for company formation in Bulgaria | 3-7 days |
| Foreign company extensions available in Bulgaria | – branches, – subsidiaries, – liaison offices |
What types of services for registering a company in Bulgaria do you offer?
- Company setup,
- Drafting company documents,
- Corporate domiciliation and administration,
- Representation with the Bulgarian authorities,
- Tax registration and advisory,
- Support in opening a bank account in Bulgaria,
- Accounting services and many more.
Why is Bulgaria popular for opening companies?
- Because we have one of the lowest corporate taxes in the European Union: 10% of your taxable profit! Tax losses from earlier years can even reduce the taxable profit as losses can be carried forward (currently 5 years).
- Also Bulgaria has dividend withholding tax of only 5%. The tax base for tax withheld at source on dividend income is the gross amount of the dividends distributed. If you are setting up a Bulgarian subsidiary of your EU Company than you don’t have to pay this tax at all
- Bulgaria has lower running costs when compared to any other low tax country in Europe. Maintaining a Bulgarian company in good standing will cost you a minimum of approx. 1,200 EUR. In Cyprus this will cost you approx. 4,000 EUR and Malta around 6,000 EUR.
- Bulgaria has low taxes but does not carry the reputation of more traditional tax havens in the EU/EEA such as Cyprus, Malta, Gibraltar etc.
What types of companies/entities are available in Bulgaria?
- Limited liability company – OOD,
- Single-member limited liability company – EOOD,
- Joint stock company – AD,
- Sole trader – ET.
- Branch (This is actually not a company, but a “prolongation” of an existing one),
- Subsidiary
- Bulgarian partnerships.
What are the costs for setting up a company in Bulgaria?
Starting at EUR 400 for a regular Limited Liability Company – the price includes administrative & notary fees, among others.
What is the most popular business option in Bulgaria, and what are the main steps for incorporation?
The incorporation of Bulgarian limited liability company (about 98% of our clients prefer this type of company) can be summed up as per the following:
- at least one shareholder can set up an OOD in Bulgaria,
- you will have to secure a registered business office in Bulgaria,
- the first step is to verify and reserve the business name,
- EUR 1 is the minimum share capital required,
- opening a local bank account is also needed and we can assist you with this;
- the Articles and Memorandum of Association are the main company documents,
- once incorporated, the OOD can be registered for tax purposes with the National Revenue Agency (NRA) in Bulgaria (we take care of this step as well).
NOTE: statutory declarations, minutes of founding members, and notarized signature specimens are also needed for company formation in Bulgaria.
You can explore our infographic with the main reasons you should invest in Bulgaria:
Where is company registration done in Bulgaria?
At the Bulgarian Registry Agency where we can fully represent you via Power of Attorney. You will not have to appear in front of any institution and basically perform the incorporation by sending a set up signed documents to our address.
Do I need a business license to start a company in Bulgaria? Can you help me obtain one?
There are 3 types of activities in Bulgaria: those that do not need a license (for instance main IT activities), those that require a license prior to opening the company (heavily regulated such as finance for example) and those that can be licensed after the setup of your company (for example shops or restaurants that have certain requirements for their place of activity). In order to find out exact information on your specific activity in Bulgaria please write to us.
What is the time frame to open a company in Bulgaria?
Around 3-7 days, but please have in mind that this term starts from the time we receive the signed documents from your part.
What is the time frame to open a bank account in Bulgaria?
Around 5 days from filing. Please have in mind that this process is not a formality anymore, banks (especially traditional ones) can turn down clients. We can advise you on this process as well.
Can I get assistance in opening a liaison office in Bulgaria?
Yes. A Liaison or Representative Office is a structure without legal personality usually used for marketing services. Check our article on this topic for full information.
Can I receive assistance with opening a branch in Bulgaria? What about a subsidiary?
Yes, in both cases. Read about branches here and about subsidiaries here.
Do you provide fiscal representative services in Bulgaria?
Yes. A Fiscal Representative is a registration required for foreign companies that need to register for VAT in Bulgaria without opening company or branch. Here is info on this topic.
If holding companies are available in Bulgaria, can I get help setting one up?
Absolutely. We also invite you to explore this page for information on this subject.
Are shelf companies available in Bulgaria?
Yes, these are ready-made or vintage companies that are kept for sale.
Do you offer virtual office packages in Bulgaria? Are these expensive?
We provide virtual office packages or domiciliation in Bulgaria. These are at a fraction of the cost of traditional offices.
Do you assist with trademark registration in Bulgaria?
In case your new Bulgarian company will have a brand name that requires protection we can also file for trademark registration in your behalf.
If you want to benefit from a free case evaluation and our personalized offers, please contact our specialists in company incorporation in Bulgaria. Set up your company today!