COMPANY REGISTRATION AND PROCEDURES

Basic steps for establishing a company

1. Hold a general meeting of the partners of the company at which:

• resolutions are passed for establishing the company

• Articles of Association/Statute is adopted

• management bodies are elected

2. Adopt and sign Articles of Association/Statute of the company. In accordance with the type of the business structure, the Articles of Association/Statute may have different content. Generally it includes:

• Information about the name of the company (which has to be unique for the territory of the Republic of Bulgaria) you should suggest minimum three alternative names for approval.

• The address of management. We provide our office address as your registered office address.

• The sphere of activity of the company.

• The amount of the subscribed capital and the amount of the capital paid in(minimum capital EUR 1/LEVA 2).

• The names of the partners and the way shares are distributed between them.

• Appointment of Manager/Director of the company.

3. Pay the capital of the company into an escrow account and in the amount stated above. A banking document proving that the capital has been paid in is presented in the Commercial Register.

4. Registration in the Bulgarian Commercial Register at the Registry Agency (in accordance with Bulgarian law).

On registration, the company receives a unified identification code, which is unique for the territory of Bulgaria.

The process requires only copy of your Passport.