Bulgaria company

Apply now for our company formation service

Bulgaria Company Formation

Bulgaria, officially the Republic of Bulgaria, is a country in southeastern Europe, bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The capital and largest city is Sofia and other major cities are Plovdiv, Varna and Burgas. With a territory of 110,994 square kilometers (42,855 sq. mi), Bulgaria is Europe’s 16th-largest country.

Member of NATO, the Council of Europe and the European Union since 2007, Bulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern Europe, having a predictable and stable economy and government.

Bulgaria has one of the most liberal tax regimes in Europe. The corporate income tax is 10%, making it the lowest in the EU and the tax on dividends is only 5%. Individuals owe only 10% tax on their earnings. Bulgaria has signed agreements for the avoidance of double taxation (AADT) with more than 70 countries.

Bulgaria Limited Liability Companies are not considered as offshore companies as there is no offshore legislation in Bulgaria.

A Bulgaria Private Limited Company (OOD) resembles a British limited liability company. Foreigners receive limited liability and can own all of the shares in an OOD. Single shareholder companies are also available which are called ‘EOOD” companies in Bulgaria. In an EOOD company, the sole shareholder can also be the only director of the company who can also be foreigners.

Bulgaria Company Formation

Bulgaria Company Formation Advantages

  • Double-tax agreements with more than 70 countries, residence certificate, VAT Number – VIES, EU Parent Subsidiary;
  • Credibility and prestige for your worldwide partners, having your resident non-offshore company;
  • 10% Standard Corporation tax rate. Withholding taxes on dividends paid to non–residents are 5% and withholding taxes on interests paid to non-residents up to 10%;
  • There are no restrictions on foreign Directors or Shareholders, individual or corporate;
  • Bulgarian company can easily open bank account at any local bank;
  • Board Meetings can be held anywhere in the world.
  • Complete foreign ownership, limited liability, low corporate tax rate, one shareholder who can be the sole director, low share capital, and membership with the European Union.

Bulgaria Company Formation Summary and Main Characteristics:

General Information 
Type of companyLimited Liability Company (Eood/ood)
Corporate LegislationArticle 63 ff. of the Bulgarian Commercial Act
TaxationStandard Corporation Tax – 10%
Tax on Dividends – 5%
Standard VAT rate – 20%
CurrencyStandard Currency BGN
Paid up capital requirementPaid up capital required only 1 EUR
Time zoneGMT (UTC) +2
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredOptional (can provided by Consil Formation)
Local Secretary requiredNo
Registered office requiredYes, local
Share Capital
Standard CurrencyBGN
Standard Authorized CapitalBGN 2
Minimum paid up capitalBGN 2 (1 EUR)
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation)
Requirement for auditNo for Small or Medium Sized Enterprises (SME)
Accounts public accessibleYes
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year: €1.900;
  • Certificate of Incorporation;
  • Memorandum and Articles of Association;
  • Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;
  • Share Certificate(s);
  • Authorized Share Capital of 2 BGN;
  • Local Registered Office Address;
  • Registered Agent;
  • Personal manager assistance for the entire period.
  • Preparation & Filing of Annual Return;

Renewal Fee after one year – with all services included for the next year: €1.400

  • Personal manager assistance for the entire period.
  • Local Registered Office Address;
  • Registered Agent;
  • Preparation & Filing of Annual Return;

Further Optional Services:

  • Accounting & Bookkeeping – Quotation based on each particular case.
  • Nominee Director – Individual or Corporate as per client’s request – €800;
  • Nominee Shareholder – Individual or Corporate as per client’s request – €500;
  • Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements – €450;
  • Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements – €450;
  • Preparation of Special Power of Attorney of the person empowered to represent the company formation at the Registry – €300;
  • Obtaining the VAT number and validation/registration in VIES – €600;
  • Apostilled & notarized set of company documents – €350;
  • Apostille per document – €310;
  • Notarization per set of documents – €200;
  • Notarization per document – €150;
  • Company Seal – €65;
  • Company Rubber Stamp – €45;
  • Courier – €80;
  • Bank Account opening service – Quotation based on each particular case;
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review – Quotation based on each particular case;

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

Menu