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BULGARIAN COMPANY FORMATION


In Bulgarian law there are no restrictions on foreigners setting up a company in Bulgaria: there are no special requirements for their participation in the establishing of a company such as a work permit or resident permit.

The legislation in Bulgaria is designed to make it attractive to foreign investors and the income tax regime is amongst the lowest in Europe, with a 10% flat tax on all sources of income and favorable tax treaties with its European partners.

Our dedicated and highly professional team of lawyers, accountants and tax consultants undertake the whole process of formation and registration of your new company in Bulgaria.


The Bulgarian Commercial law allows for the following types of business organizations:

• Unlimited (general) partnership

• Limited partnership

• Private limited company

• Single person private limited company

• Public limited company (joint stock company)

• Public limited partnership

• Sole trader

• Joint venture

• Branch

• Holding

• Co-operation

• Representative office

 

The most appropriate types of companies for carrying out business in Bulgaria are:

• A Single-person private limited company (EOOD)

• A Private limited company(OOD)

• A Public limited company(AD)

 

The main features of a Single-person and a Private limited Company (EOOD-OOD)

• The minimum threshold of share capital – EUR 1 (2 LEVA)

• at least one shareholder needed (company or private person)

• one director required(company or private person)

• the director can be local or foreigner person or a company

The minimum required capital of the Public Limited Company (AD) under Bulgarian law is 50,000 Bulgarian levs (approximately EUR 25,565).

Normally the registration process takes about one week to be fully completed. Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 2 Leva.

PLEASE CONTACT US AND ASK FOR OUR DETAILED BROCHURE.