How to Register a Business in Bulgaria

How to Register a Business in Bulgaria

How to Register a Business in Bulgaria

Overview

Starting a business in Bulgaria is a straightforward process, especially for EU citizens. Bulgaria offers one of the lowest corporate tax rates in the EU and a favorable business environment.

Step-by-Step Registration Process

1. Choose the Legal Form

The most common legal entities are:

  • Sole Trader (ET)
  • Limited Liability Company (OOD/EOOD)
  • Joint-Stock Company (AD/EAD)
  • Partnerships

2. Reserve a Company Name

You must reserve a unique company name through the Bulgarian Commercial Register. You can check availability and reserve the name online at: https://portal.registryagency.bg

3. Prepare the Documentation

Required documents typically include:

  • Articles of Association
  • Declaration of Consent by the Manager
  • Specimen signature of the Manager (notarized)
  • Proof of registered office address
  • Bank document for paid-in capital (for OOD/EAD)

4. Open a Bank Account

For companies like OOD or EAD, you need to open a capital bank account and deposit the required capital (typically 2 BGN for an EOOD).

5. Register with the Commercial Register

Submit all required documents to the Bulgarian Commercial Register either online or in person. The registration is usually completed within a few working days.

6. Obtain a VAT Number (if applicable)

If your annual turnover exceeds 100,000 BGN or you engage in certain types of activities, VAT registration is required. This can be done with the National Revenue Agency (NRA).

7. Register for Social Security (if applicable)

If you hire employees, you must register them with the National Social Security Institute (NSSI).

Useful Resources

Final Notes

It's advisable to consult a local lawyer or accountant to ensure full legal compliance during the registration process, especially for foreigners unfamiliar with Bulgarian regulations.

© Business Bulgaria Guide. All rights reserved.

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