Yes. Foreign individuals and legal entities can establish a company in Bulgaria. The required documents and incorporation process may vary depending on the company structure, ownership model, and business activity.
Common options include EOOD, a single-member limited liability company, OOD, a limited liability company with two or more shareholders, and AD, a joint-stock company generally used for larger corporate structures.
The timeline depends on the company type, document preparation, application process, and any additional requirements. Preparing the documentation correctly can help the process move more efficiently.
Not necessarily in every case. However, depending on the incorporation method, banking procedures, notarization, identity verification, or representation requirements, physical presence may be required at certain stages.
The required documents depend on the company type and ownership structure. For EOOD and OOD companies, incorporation documents, management-related documents, and documents concerning the company’s share capital may be required.
Yes. A registered office and management address must be specified during the company registration process. This address is important for official correspondence and the company’s administrative structure.
The total cost varies depending on the company type, official fees, document preparation, notarization, registered address, accounting services, and professional support required.
Companies must maintain proper accounting records and comply with their financial reporting obligations. The scope of accounting support depends on factors such as transaction volume, number of employees, and business activity.
Yes. Companies established in Bulgaria can open a business bank account. Banks apply their own compliance and customer verification procedures and may request information about the shareholders, business activity, and source of funds.
Share capital requirements depend on the selected company type. For limited liability structures such as OOD and EOOD, share capital documentation forms part of the incorporation process.
After incorporation, accounting arrangements, tax requirements, banking procedures, contracts, employee-related matters, and operational processes should be organized according to the company’s business model.
Certain registration and document procedures can be completed electronically through the Bulgarian Commercial Register. The availability of online processing depends on the documentation and applicable electronic identification or signature requirements.
Company formation involves more than completing the official registration. Planning the company structure, accounting, tax, banking, and operational processes together from the beginning can help create a more organized and sustainable business setup.
