How to Start a Company in Bulgaria

How to Start a Company in Bulgaria

How to Start a Company in Bulgaria

Your Step-by-Step Guide

1. Choose the Type of Company

In Bulgaria, the most common types of companies are:

  • EOOD - Single Owner Limited Liability Company
  • OOD - Limited Liability Company with multiple owners
  • ET - Sole Trader
  • AD - Joint Stock Company

2. Reserve a Company Name

You must choose a unique company name and reserve it with the Bulgarian Commercial Register. You can check name availability online.

3. Prepare Required Documents

Typical documents include:

  • Articles of Association
  • Specimen Signature of the Manager
  • Declaration of Ownership
  • Proof of Company Address

4. Open a Bank Account

You need to open a company bank account to deposit the initial capital. The minimum capital for an OOD or EOOD is typically 2 BGN (about 1 Euro).

5. Register the Company

Submit all required documents to the Bulgarian Commercial Register. Registration can usually be done online or in person.

6. VAT Registration (Optional)

If your turnover exceeds 100,000 BGN, or you plan to trade within the EU, VAT registration is required.

7. Start Operating

Once your company is registered, you can begin your business activities in Bulgaria legally.

Additional Tips

  • Consider consulting a local lawyer or accountant for legal and tax advice.
  • Bulgaria offers low corporate tax rates (10%).
  • The company registration process usually takes 1-2 weeks.

Disclaimer: This guide is for informational purposes only and should not be considered legal advice.

© Start a Company Bulgaria Guide

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