Varna is the third largest city in Bulgaria which has great sea exits to the Black Sea, necessary and appreciated for trading and tourism purposes. As a significant economic point on the Bulgarian map, Varna welcomes foreigners who want to invest in the city’s main industries, among which the tourism plays a major role. If you are interested in registering a company in Varna, we suggest you talk to one of our company formation specialists in Bulgaria for the needs assistance and information.
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Registering a company in Varna
Foreign investors can set up limited liability companies, joint stock companies, partnerships (general or limited) or can act as sole proprietorships if they want and if particular activities request such business form. The LLCs are the most popular business forms in Bulgaria, including in Varna and can be set up in a fast and reliable manner with the local Trade Register. The registration procedure in Varna starts with providing the minimum share capital of one Euro and registering at least one shareholder for the new company. Just like in most cases, the following documents are mandatory at the time of company registration in Varna:
• the Articles of Association with details about the owners;
• documents providing the existence of the legal representative in Varna;
• banks statements to provide the deposited minimum share capital in a Bulgarian bank account;
• the tax identification number, also known as Bulstat;
• the company’s seal;
• the registration for employment taxes.
Because the company formation in Bulgaria is less bureaucratic, foreigners can commence the activities as soon as the registration certificate has been issued. Our company formation agents in Bulgaria can oversee the entire process of your business registration in Varna.
Company formation services we can provide in Varna
The Company Act and the Commercial Code in Bulgaria stand at the base of forming any type of company in this country, in our case in Varna. Respecting the provisions of such laws will lead to a proper function of your business in Varna, regardless of the chosen entity. In order to have a smooth registration process in Varna, we recommend you get in touch with our Bulgarian company incorporation representatives who can help you in matters like:
• preparing the documents for submission with the Trade Registrar;
• support for choosing the business place;
• professional translations of documents;
• documents legalization;
• accounting services;
• tax advice and business consulting on request;
If you want to open a startup in Bulgaria, we recommend you contact our company formation agents. They can manage and prepare the necessary documents, they can help you open a bank account and obtain a business license. In addition, we will take care of checking the desired name so that it can be reserved and used. Therefore, there are a series of procedures and formalities in this endeavor, so do not hesitate to contact us by phone or online.
Economy overview in Varna
Known as an appealing touristic destination, Varna is a well-develop city thanks to the multitude of investments placed here during recent years. This is how the infrastructure, the transportation, the real estate and the marine trading sectors rapidly expanded. The economy of Varna relies on agriculture and the city is recognized as a solid viticulture center. Varna is a major port in Bulgaria, with representative economic connections to Asia and Africa.
If you want to establish your operations in Varna and if you need for company formation services, please do not hesitate to contact our team of company formation representatives in Bulgaria.