Bulgaria Company Registry

Bulgaria Country Overview

Official name

Republic of Bulgaria

Location

South Europe

Capital

Sofia

Population

7,000,039

Official language

Bulgarian

Currency

Lev (BGN)

Government

Unitary parliamentary republic

Gross domestic product

(GDP) 2019

$180.170

 billion (74th)

 

Company Formations in Bulgaria

Title Element

Company Registration

Run company in Bulgaria and benefit from the lowest tax in Europe:

  • 10% corporate profit tax
  • 10% personal income tax
  • 0 to 5% dividend tax
  • Bulgaria Company in corpora
  • Accounting & tax

 

Why Bulgaria?


tax benefits

First of all, because of great tax benefits, the main goal of the Bulgarian tax system is to be attractive. Taxpayers in Bulgaria benefit from flat tax rates, without any exceptions or restrictions. There’s no inheritance or gift tax in Bulgaria. The VAT rate is 20% and Bulgarian as double taxation agreements with 80 countries.

Less risk

The Bulgarian tax system has been working perfectly since 2007 and it is well protected against any changes. The tax rates could only be changed if two thirds of the parliament members are in favor.

Low labor cost

The average salary in Bulgaria is 500€ per month, thus, the labor cost of on employee is only 10% compared to the labor cost in Western Europe and at the same time you will meet highly trained and educated employees.

 

Low business cost

Bulgaria is blessed with low business cost such as cheap rental prices for business properties and low utility cost. Real estate and rental price in Bulgaria aren’t only much cheaper than in leading EU countries, they are cheaper compared to the rest of the eastern European countries.

Types of Bulgarian companies

Bulgaria is safe and stable democratic country with neither ethnical tensions nor emigrant issues. Our lawyers can assist you with the registration of the following Bulgarian companies:

  • Bulgarian EOOD company
  • Bulgarian OOD company
  • Bulgarian branch office
  • Bulgarian trade representative office
  • Bulgarian joint stock company
  • Bulgarian holding company
  • Closing down a Bulgarian company
  • Insolvency in Bulgaria

You may also purchase a ready-made Bulgarian company. All Bulgarian companies are registered with the Bulgarian commercial register. The registration in the register is a precondition for starting a business in Bulgaria.

 

Registering a Bulgarian company

you may remotely open a Bulgarian company bank account granting a power of attorney to a Bulgarian law firm. Moreover, relocating your business to Bulgaria you may consider to be officially registered with the local migration authorities and become a tax resident of Bulgaria. If you are a none-EU national yourself, you can benefit from our assistance to obtain Bulgarian business visa & residency.

The procedure of starting a Dutch company

 

This process has simple steps, we will help you in this way. The following for a limited liability company incorporation

 

Step 1

Consider a name for your company then we check the availability of your company name

Step 2

Submit a legal address/ we can provide a virtual office address and also, company email address.

 

Step 3

As last step we should specify:

  • Capital & shares details (company owner). In case the shareholder is a foreign legal entity, a certificate of good standing is required with a recent date of issuance
  • Company director details
  • Scope of activity allowed by law

Step 4

When your documents successfully confirmed you can start your business there.

 

Get in touch

You can ask US any things related to legal matter in Bulgaria! Our team will answer your question within 24 hours.

Consultation

Our business set up services include company formation and registration services, taxation, accounting & bookkeeping, audit and assurance, legal (Includes Intellectual property law) and branding consultation.

At Business Setup Worldwide, we have an experienced team of professionals, specialized in advising the right kind of business setup considering the need. Our consultants design specific services which help business owners to start a business in a cost effective manner in your desired location.

Investment

Immigration

Title Element

Requirements

  • Be 18 years of age or older
  • Possess a valid passport and reside legally in a country
  • Visit Bulgaria three times, for 2-4 days at a time (but no further in-country residence is required)
  • Pass a due diligence and medical check
  • Make only a declaration on source of funds (no detailed documents required)

Documents Required

  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • Certified copy of passport
  • Original Police Clearance Certificate
  • Medical Certificate
  • Documents certifying Business Investment
  • Proof of net wealth
  • Proof of payment of nonrefundable processing and due diligence fees
  • Limited Power of Attorney
  • Statement of Source of Funds
  • Titles of Financial assets purchased

VAT/TVA Registration:

F.A.Q.

How long can I stay in Bulgaria with a temporary residence permit?

A Bulgarian temporary residence permit is valid for either 6 or 12 months, and it can be renewed for a period of up to 5 years. If you are not eligible for a Bulgarian permanent residence you still can renew your temporary residence.

How many years do I have to stay in Bulgaria to obtain a Bulgarian permanent residence?

Individuals must hold a Bulgarian temporary residence permit for 5 years before they are eligible to apply for a permanent residence permit. The registration of a trade representative office in Bulgaria allows foreign persons to easily obtain a temporary residence permit that is valid for up to 1 year, and is renewable annually. The first Bulgarian permanent residence permit is valid for five years and on next renewal an indefinite permanent residency is granted

How long does it take the registration of a trade representative office in Bulgaria?

The average time required to register a trade representative office in Bulgaria, and to prepare the requisite set of D visa application documents is approximately 15 working.

Am I allowed to conduct business in Bulgaria under the trade representative office?

The sole purpose of a trade representative office is to promote, and eventually expand, your foreign business in Bulgaria. Foreign persons are not allowed to be involved in any economic activities of their trade representative office. We recommend a Single Person Private Limited EOOD company for doing business in Bulgaria.

How many representatives am I allowed to add to the trade representative office of my foreign company in Bulgaria?

The Bulgarian law allows foreign companies to register up to five foreign trade representative personnel.

Do I need to employ local citizens?

Registering a trade representative office, you are Not required to hire Bulgarian employees.

Can I bring my family to Bulgaria?

Holders of Bulgarian residence can apply for family reunification for their family members. The term “family” strictly refers to a spouse and dependent children who are under the age of 18 years old and not married.

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