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Open a Restaurant in Bulgaria

Open a Restaurant in Bulgaria

Starting a business in Bulgaria as a foreign investor is not subject to stiff formalities or related misinterpretations. Entrepreneurs can benefit from a wide range of encouragements offered by the government and can set up companies in the country’s main industries and fields of interest. A good business idea can be a restaurant in Bulgaria which can activate under a limited liability company. The main steps in company formation in Bulgaria, including the ones for setting up a restaurant, can be explained by our team of company formation specialists in Bulgaria

Requirements for opening a restaurant in Bulgaria

Considering the strategic geographic location of Bulgaria, with important exits to the Black Sea, the business opportunities are also numerous in the tourism sector where foreigners can establish hotels, resorts, travel agencies and even restaurants. Knowing that the food industry in Bulgaria is well-developed and receiving varied incentives in this field as a foreigner, a restaurant can be a proper source of income not only in the touristic cities but also in the main metropolises in Bulgaria. A restaurant can function under a limited liability company which is the most popular business structure in the country and which has an easy incorporation procedure. The LLC or drujestvo s ogranichenaotgovornost (OOD) as it is known in Bulgaria requires a minimum share capital of BGN 2 or one Euro provided in a Bulgarian bank account, but there are also other costs linked to company formation. The next step is to submit the Articles of Association with the following information:

  • •    the name of the restaurant;
  • •    the name and the nationality of the owners;
  • •    the minimum share capital;
  • •    the business address;
  • •    the representative agent of the company which can be either the manager or another company.

Would you like to benefit from the services of our accountants in Bulgaria? Our team will be at your disposal with a series of services designed to support the company and its activities, in relation to the legislation that applies in this country. Thus, you will need payroll services, audits, bookkeeping, preparation of annual financial statements, and support for tax registration and declarations. Moreover, our specialists can prepare a series of financial reports, with the help of which you can be aware of the financial position of the company.

Other formalities for opening a restaurant in Bulgaria 

Besides the main documents of a company formation in Bulgaria, please observe the following papers and requirements:

• apply for the construction permit to open the restaurant;

• licenses and permits for using the utilities;

• the health and safety permits;

• licenses for service alcoholic beverages in the restaurant.

The company formation process in Bulgaria is less restrictive and foreigners can commence their activities in a fast manner, even if they want to open a restaurant. Our company incorporation agents in Bulgaria are at your disposal with extra information and complete support, so please contact us soon.