Legal entity types in Bulgaria compared
We have expertise in helping entrepreneurs navigate Bulgaria’s business structures. Our services can help you select the best structure and meet all legal requirements. We will examine the different business structures and assist you in establishing your business in this thriving European country.
Legal entities in Bulgaria
This is a summary of the most commonly used legal structures in Bulgaria:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Limited Liability company | Дружество с ограничена отговорност | BGN 2 (€ 1) | Directors | 8 days |
| Joint Stock Company | Акционерно дружество | BGN 50000 (€ 25500) | Board of directors | 12 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Limited Liability company (Дружество с ограничена отговорност)
Many small and medium-sized businesses in Bulgaria typically choose the Limited Liability company option. This type of structure only requires a minimum capital of BGN 2 (€1), making it a popular choice for entrepreneurs. One of its main benefits is that directors have limited liability, meaning they are not personally liable for the company’s debts. Our services can assist you in registering this type of company in Bulgaria.
Joint Stock Company (Акционерно дружество)
Big companies often opt for the Joint Stock Company in Bulgaria because of its flexible share transfer options and the privacy it gives to shareholders. Requiring a minimum capital of BGN 50,000 (€25,500), it is a significant investment but allows for easier partnership expansion and offers strong creditor protection. We are available to assist you throughout the entire process of registering your company in Bulgaria.
Branch Office
A branch office is a subsidiary of the main company that enables it to do business in a different area while keeping its original legal status. Opening a branch office in Bulgaria can benefit companies seeking to grow in the country without forming a new legal entity. By operating as a branch, the main company can use its established brand and resources to enter new markets. We provide full assistance in setting up and running a branch office in Bulgaria, ensuring a seamless and lawful entry into the market.
Holding Company
A holding company is a strategic tool commonly used to control other businesses by owning their shares. In Bulgaria, setting up a holding company can provide benefits like centralized management, risk spreading, and tax perks. By organizing your business as a holding company, you can effectively oversee multiple subsidiaries, simplify decision-making, and improve tax planning. Our team of experts offers personalized support to assist with establishing and running a holding company in Bulgaria, ensuring adherence to regulations and maximizing your corporate structure’s effectiveness.
Requirements for starting the business
Let’s examine the key necessities for initiating any form of business establishment in Bulgaria and learn about the assistance provided by our committed team throughout the entire process.
Minimum share capital
Minimum share capital requirements are imposed by Bulgaria based on the selected business structure. Our team will help you determine the necessary minimum share capital for starting your business, regardless of the type of corporation you choose. We will collaborate closely with you to guarantee that you meet all regulatory requirements and maximize your financial resources.
Directors and shareholders
In Bulgaria, every business entity must have directors and shareholders appointed. Our experts provide valuable guidance in selecting appropriate directors to ensure the company benefits from their expertise and aligns with your future goals.
Legal duties and obedience
It is essential to keep up with obligations such as registration, reporting, and tax requirements to ensure compliance. Our legal team manages these administrative tasks so that the business remains fully compliant, allowing you to concentrate on core operations.
Book a consultation
The team carefully considers your objectives, sector, and obstacles in order to offer tailored support during the process of forming your business. We ensure a smooth and trouble-free path to creating a successful company in Bulgaria, drawing on our expertise and commitment to excellent service. Don’t let the challenges of starting a business in Bulgaria deter you from achieving success. Trust us to help your company reach its full potential. Initiate your journey towards success by contacting us today. Complete and send the inquiry form provided below, and our experts will reach out to you soon.