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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Bulgaria
Company incorporation, bank accounts, accounting services in Bulgaria
Registration packages
Services
Essential
Standard
Premium
Company registration (OOD)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Bulgaria
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How you can register a company in Bulgaria with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Bulgaria
Bulgaria is located in South-Eastern Europe, in the eastern Balkan peninsula. Bulgaria boders Romania, Serbia, North Macedonia, Greece and Turkey. Access to the Black Sea allows Bulgaria to conduct maritime trade with Ukraine, Georgia and Turkey, as well as with EU, North African and Middle Eastern states. Territory of Bulgaria amounts to 110,994 square kilometers. Bulgaria has a developed road and railroad infrustructure, two big seaports in Varna and Burgas, it also has 4 airports in Sofia, Plovdiv, Burgas and Varna. Bulgaria has a population of 7,1 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 10%
- Dividend withholding tax - Standard tax rate 5%
- Interest withholding tax - 0%, 10%
- Royalties withholding tax - 0%, 10%
- Capital gains tax - 10%
- VAT - Standard tax rate 20% or reduced tax rates from 0% up to 9%
- Personal income tax - 10%.
The following are the most common types of companies to incorporate a company in Bulgaria as:
- Limited liability company (OOD)
- Public limited company (AD)
- General partnership (SD)
- Limited partnership (KD)
- Partnership limited by shares (KDA)
- Individual entrepreneur (ET)
- Branch office.
- Individuals or legal entities that are intending to register a company in Bulgaria can be resident or non-resident in Bulgaria.
- A resident or a non-resident individual can be a company director in Bulgaria. It is not required to set up a company in Bulgaria with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Bulgaria if such company is incorporated as a OOD (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Bulgaria in order to establish a company in Bulgaria or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Bulgaria as a OOD (a limited liability company) is BGN 2.
- OOD registration takes between 5 and 10 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Bulgaria is complete is publicly available in the state corporate register.
- With our service you can register a company in Bulgaria completely remotely upon a power of attorney.
Official currency of Bulgaria is Bulgarian lev (BGN).
Bulgarian economy in the recent years has reached a turnover of EUR 51 billion. Fast growth of the GDP was facilitated by the real estate, energy and IT sectors. Overall, the industrial sector's share in the economy is on average 28,3%, service sector - 67,4%, agriculture - 4,3%. In the coming years the GDP growth is expected at 3%. Inflation rise is expected at 1,4-1,5%.
Foreign direct investment amounted to EUR 902 million in 2017, EUR 250 million more than in 2016.
Bulgarian economy in the recent years has reached a turnover of EUR 51 billion. Fast growth of the GDP was facilitated by the real estate, energy and IT sectors. Overall, the industrial sector's share in the economy is on average 28,3%, service sector - 67,4%, agriculture - 4,3%. In the coming years the GDP growth is expected at 3%. Inflation rise is expected at 1,4-1,5%.
Foreign direct investment amounted to EUR 902 million in 2017, EUR 250 million more than in 2016.
Foreign entrepreneurs expand to Bulgaria and seek to incorporate a company in Bulgaria in order to conduct business in the following sectors:
- wholesale and retail sales
- logistics
- tourism
- financial services
- IT.
Benefits of registering a company in Bulgaria
Business climate
- Bulgaria is a member of the European Union and the Council of Europe, as well as a member of the World Trade Organization
- Logistics center in Eastern Europe
- Free trade with other EU states
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax rate of 10%
- Dividend withholding tax rate is 5%
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- Minimum capital requirement in Bulgaria for OOD is BGN 2
- No foreign exchange controls
Register your company in Bulgaria
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