How to Register a Company in Bulgaria: A Step-by-Step Guide
Are you looking to start your business in Bulgaria? Company registration is the foundation of your entrepreneurial journey. This guide will walk you through the essential steps, legal forms, and documentation needed to successfully register your company in Bulgaria.
Whether you’re a foreign investor or a local entrepreneur, understanding the registration process is crucial for a smooth start.
Choosing the Right Legal Form for Your Company
Selecting the appropriate legal structure is the first step in company registration. The type of legal entity you choose determines your responsibilities, liabilities, and potential for growth. Here are the most common legal forms in Bulgaria:
- Sole Proprietorship (ET): Best for small businesses run by an individual with unlimited liability.
- Limited Liability Company (OOD): Ideal for small to medium-sized enterprises with multiple shareholders.
- Sole-Owned Limited Liability Company (EOOD): A variation of OOD owned by a single person.
- Joint-Stock Company (AD): Suitable for large businesses and those seeking to attract investors.
- Branch or Representative Office: For foreign companies operating in Bulgaria.
Required Documents for Company Registration in Bulgaria
To register a company in Bulgaria, you need to prepare and submit the following documents:
- Articles of Association or Founding Deed (depending on the legal form).
- Declaration of Consent signed by the company manager.
- Specimen Signature authenticated by a notary.
- Certificate of Deposit showing the initial capital.
- Registered Address Proof of the company.
- Application for Registration with the Commercial Register.
- Proof of Paid State Fees for registration and publication.
Step-by-Step Company Registration Process
- Reserve Your Company Name
Search the Commercial Register to ensure your desired name is available. Reserving it prevents others from using it during your registration process.
- Prepare Legal Documents
Draft the Articles of Association or Founding Deed detailing your business activities, registered office, and company capital. A legal professional can ensure compliance with Bulgarian law.
- Open a Bank Account
Deposit the required minimum capital for your company type (e.g., 2 BGN for OOD or EOOD) in a corporate bank account.
- Submit Documents to the Commercial Register
File your application online or at the registry office with all required documents. Ensure accuracy to avoid delays.
- Publication in the State Gazette
Once registered, your company details will be published in the State Gazette, making them publicly available.
- Obtain Additional Licenses or Permits
Depending on your industry, you may need specific permits, such as trade licenses or certifications.
How Long Does the Registration Process Take?
The standard time for company registration in Bulgaria is between 3 to 5 business days, provided all documents are complete and correct. Delays can occur if errors are found or if additional information is needed.
Benefits of Legal Assistance for Company Registration
Hiring a legal expert can simplify the process and prevent costly mistakes. With professional assistance, you can:
- Ensure your documents are accurate and complete.
- Avoid name conflicts with existing companies.
- Receive guidance on additional licensing requirements.
At Legal Frame, our experienced lawyers provide end-to-end support for company registration in Bulgaria, saving you time and effort.
Costs of Company Registration in Bulgaria
The costs associated with company registration include:
- State Fees: Paid to the Commercial Register.
- Notary Fees: For signature verification.
- Legal Fees: If you hire a lawyer for document preparation and filing.
By submitting your documents online, you can reduce state fees, and our team can help you optimize these costs.
Why Register Your Company in Bulgaria?
Bulgaria offers a favorable business environment with low corporate taxes and strategic access to European markets. Registering your company here can be the first step toward establishing a successful business.
Contact Legal Frame for Expert Assistance
Starting a business is an exciting but complex process. Let Legal Frame handle the legal intricacies of company registration for you. Our team will ensure your documents meet all requirements, so you can focus on building your business.
Get in touch today to learn more about our company registration services and start your business in Bulgaria with confidence.
