Business formation in Bulgaria
If you are an entrepreneur hoping to broaden your business prospects or a prospective founder of a startup seeking fresh possibilities, Bulgaria is the ideal destination. Positioned strategically and full of dynamic potential, this nation is ready to experience significant business expansion. We offer a range of specialized services for establishing your business, designed specifically to meet your requirements. With our assistance, you can seamlessly enter into Bulgaria’s thriving business environment.
The procedure of business formation
In relation to the formalities and procedures involved, our extensive range of services encompasses every aspect of establishing a business. We take care of the entire process, from the initial setup to the creation of legal documents, so that you can concentrate on your primary business goals. Our team supports and aids you with:
1
Choosing the right business structure
The importance of selecting the most suitable legal framework for your business is acknowledged by us. Our experts are available to provide tailor-made guidance in order to assist you in achieving your goals, whether you opt for incorporation, partnership, or sole proprietorship.
2
Drafting legal documentation
All necessary legal paperwork, including shareholder agreements, articles of association, and employment contracts, is meticulously crafted by our proficient experts to align perfectly with your business's unique requirements.
3
Bank account opening
To effectively handle financial transactions, receive payments, and make disbursements, it is necessary to establish a corporate bank account in the country.
4
Registering with authorities
Our professionals will assist you in maneuvering through the bureaucratic terrain, taking charge of all the required registrations such as tax authorities, social security, and trade registers, to guarantee adherence to Bulgaria's legal system.
Timeline for business formation: setting expectations
The time it takes to establish a company in the country depends on the type of business entity selected. Typically, it takes about 2-4 weeks to fulfill all requirements and set up the company.
Types of legal business structures in Bulgaria
We have expertise in helping to establish different kinds of companies, guaranteeing that the structure of your business perfectly matches your goals.
Limited Liability company (Дружество с ограничена отговорност)
Many small and medium-sized enterprises in Bulgaria frequently choose to establish a Limited Liability company. This adaptable framework only necessitates a minimum capital of BGN 2 (€ 1), which makes it an attainable option for numerous entrepreneurs. A significant benefit of this structure is that directors have limited liability, absolving them of personal responsibility for any debts. Our team can offer the guidance and support needed to successfully register this type of company in Bulgaria.
Joint Stock Company (Акционерно дружество)
Many big companies often opt for the Joint Stock Company in Bulgaria because of its ability to easily transfer shares and provide anonymity to shareholders. While it requires a significant minimum capital of BGN50 000 (€25 500), this commitment offers the benefit of easier partnership opportunities and strong creditor protection. Our assistance is available to help you through the registration process of your company in Bulgaria.
Branch Office
Setting up a branch office in Bulgaria has benefits for companies wanting to expand their operations into the country without creating a distinct legal entity. By operating as a branch, the parent company can take advantage of its established brand reputation and resources while entering new markets. We provide thorough assistance to successfully establish and oversee a branch office in Bulgaria, ensuring a seamless and compliant entry into the market.
Holding Company
A holding company, commonly used for controlling other companies by owning their shares, is a strategic entity. In Bulgaria, creating a holding company can bring several advantages like centralized management, risk diversification, and tax benefits. By organizing your business as a holding company, you can effectively oversee multiple subsidiaries, simplify decision-making procedures, and optimize tax planning approaches. Our team of specialists offers personalized support and advice to assist you in establishing and running a holding company in Bulgaria, guaranteeing compliance with regulations and maximizing the potential of your corporate structure.
Our business formation solutions
We provide two convenient choices for establishing a company, which cater to your preferences and ensure a seamless entry into the Bulgarian business environment:
Business formation online
Initiate the process of creating your online company effortlessly, regardless of where you are or what time it is. Our committed team is available to assist you at every stage, delivering customized help that addresses your individual requirements. From submitting documents to monitoring progress, we guarantee a smooth journey via electronic tools and an easy-to-use interface. Allow us to streamline the process of incorporating your business by providing expert aid, all accomplished with just a few clicks.
Business formation remotely
Let us take care of all the paperwork and legal procedures for you. Our skilled team in Bulgaria will handle the entire process, enabling you to concentrate on the fundamental activities of your business.
Contact us
Are you prepared to begin your business endeavor in Bulgaria? Don’t try to navigate the intricacies by yourself. Reach out to us for expert help and customized solutions to simplify the process of establishing your business. Our team of skilled professionals is ready to assist you at every stage, guaranteeing a smooth and prosperous entry into Bulgaria’s dynamic business environment. Let’s collaborate to turn your company objectives into a tangible reality.
Ready for the next step
Accelerate your business growth while we take care of everything else.