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Company Formation and Related Services
Company Formation in Bulgaria
F.A.Q.
BridgeWest provides company formation in Bulgaria. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Bulgaria);
The Articles of Association of the Bulgarian company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Bulgarian Law).
> drafting all other documents required for the incorporation of the Bulgarian company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Bulgaria, passport copies etc.
> arranging Public Notary procedures (The procedures for incorporating a company in Bulgaria have to be done through a Bulgarian Public Notary);
> offering a Registered Office in Bulgaria for your company (if required);
The registered office may be any address where the Bulgaria company declares to have its headquarters. The registered office will be public.
> setting up a bank account for your Bulgarian company.
This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in Bulgaria;
Accountancy services are recommended for any new business registration in Bulgaria.
BridgeWest provides formation of the following types of companies in Bulgaria:
> O.O.D. ( Druzhestvo z Ogranichena Otgovor - Limited Liability Company) This type of Bulgarian company can have one shareholder and one director and must maintain a local address (office) and a minimum share capital of approx. 1 EUR.
> A.D. ( Aktsionerno Druzhestvo - Joint-Stock Company ) This type of Bulgarian company can have at least two shareholder and maintain a local address and a minumum share capital of 50,000 BGN (approx. EUR 25,500).
> Bulgarian Branch, Subsidiary or Representative Office Any foreign company is able to set up branch entities in Bulgaria. These can be set up as separate entities from the parent company (Bulgarian companies having the foreign company as shareholder) or extensions of the parent-company in Bulgarian.
BridgeWest is also able to offer ready-made Bulgarian companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Bulgaria
There are several types of company appropriate for conducting business in Bulgaria. According to the Commercial Law issued by The Supreme Court of Cassation of the Republic of Bulgaria, entrepreneurs can choose between five main types of business. Article 64, chapter 10, division 3, mentions their g ...
Every person whishing to undertake economic activity developing a Bulgarian company may do so by registering to the Bulgarian District Court and the Commercial Register. The most common forms of registered companies are the limited liability company and the joint stock company. Preliminary activit ...
The Bulgarian Trade Register functions through Registration Agency institution. The Agency was founded in 2004 with the adoption of the Law on Cadastre and Land Register published in the Official Gazette of Bulgaria and in 2005 it took another function - Leading the Trade Register. The Agency has 11 ...
Even though the State of Bulgaria is not one of the most powerful states, economically speaking, there are many entrepreneurs that do not regret the choice of investing in Bulgaria. This can be done either by establishment of a new company, either by opening a branch of an already existing foreign c ...
1. What is the minimum share capital of a Limited Liability Company in Bulgaria ? Limited Liability Company is the most common vehicle for doing business in Bulgaria due to its straight-forward incorporation process, simple structure and minimum capital requirement of only 2 Leva, approximately 1 EU ...
1. What is the corporate tax in Bulgaria? The corporate tax for a Bulgarian company is 10%, with the exception of companies who activate in shipping or gambling, which are submitted to different corporate taxes on income. 2. What is the VAT in Bulgaria? The VAT in Bulgaria is calculate ...
1. What is the VAT in Bulgaria? In Bulgaria, the standard VAT rate is 20%. This rate is applied for domestic supplies, intra-community acquisitions and importation from non-European countries. There is also a 9% reduced rate for VAT for companies in tourism and hotel accommodation services. Exemptio ...
Meet us in Sofia
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Sofia, Bulgaria. Alternatively you can incorporate your company without traveling to Bulgaria.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Bulgaria.