Contact us

Adam made it rain
with his company registration in Bulgaria.

  • Arguably the easiest way to launch your business in Bulgaria.

  • Get your Limited Liability Company (LLC/ Ltd / EOOD) in 2 days.

  • We’ve helped thousands of business owners just like you.

  • We have 4.9/5 stars from 900 Google Reviews.

 

4.9/5 Stars from ~900 Google Reviews

Views all the reviews in Google

Contact us to get answers on your questions

We promise a quick response.

Questions?

I’m here to help.

Stan Nenov

Stan Nenov

Incorporation specialist

Our most popular services in Bulgaria

 

  • Company registration

  • VAT registrations and obtaining a VIES number

     

  • Accounting and legal services

     

  • Company address to use for administrative purposes

  • Registration under the EU data protection directive

  • Digital certificate (advanced electronic signature) for official remote correspondence with authorities and third parties.

 

After professional consultations, explanations and advice, I was taken through the whole process online (plus a visit to a bank and notary), no need to deal with lots of paperwork or governmental agencies – it was all taken care of for me.
Timely. Professional. Simply Brilliant.

Dima Frost, MadeByFrost Ltd.

Very professional attitude, accuracy, precision and speed. Just for two days my company was registered. You saved me a lot of trouble. I will work with you again!

Boris Radenkov, Radenkovs Consult Ltd

Registration of the company was very easy and fast. The team is very helpful and the price is very attractive.

Desislav Palapushev, HriNik Investment Ltd.

Things turned out to be amazingly simple and easy. For three days I had the company registered with almost no loss of personal time!

Evgeny Davidkov, Izohit Ltd.

If you value your time I recommend Advokatami.bg. Very well developed interactive online services with clear and precise guidance.

Nikolay Nikolov, Market 1001 Ltd.

Fast and quality service, detailed guidance. Everything happens with a click of the mouse.

Tsvetan Panagonov, Hash Style Ltd.

Great service. Fast and cheap. Extremely friendly and helpful team. I recommend Advokatami to everyone who wants to start their business in Bulgaria.

Alexander Paunovski, iCatalog Ltd.

The registration of my company was quick, easy and seamless. The price of the service is affordable. I am happy and I will recommend it to friends business colleagues.

Petya Gesheva, Home Sweet Home Ltd.

Advokatami.bg offer definitely the best price for the company registration service. Everything is clearly described during the registration process.

Serg Kalashnikov, SiteForce Ltd.

Registration of my company went quickly, easily and smoothly. I am delighted mostly with the speed which Advokatmai serviced me, because it was important to me at that time.

Silvia Dimitrova, Victory 2016 Ltd.

Answers to popular questions

 

Why people incorporate in Bulgaria?

  • Tax benefits
  • Location, EU
  • Great human talent at affordable price
  • High quality business services
  • Buying real estate
  • Outsourcing profit or operations

  • Corporate Profit Tax – 10% flat
  • Dividend Tax – 5%
  • Distributed to EU/EAA Companies – 0%
  • VAT – 20%
  • VAT on Tourism – 9%
  • VAT on EU Supplies – 0%
  • VAT on Export – 0%

You can register a limited liability company in Bulgaria regardless of your citizenship.

Yes, you can. The procedure is a little bit more complicated, but not impossible. In this case, the company’s Director has to visit Bulgarian Embassy or Consulate.

No. However, the company must have a business address in Bulgaria. If you don’t have an address for the registration — we can help.

If the company doesn’t have active operations – there is no need for accounting except at the end of the financial year when annual reports are drafted. If the business is running – you surely need an accountant. We can take care of all that.

If our predefined bundles are not suitable for you, feel free to contact us and request a personal quote.

We work with Unicredit Bulbank – member of the Unicredit group and the most prominent bank for corporate clients in Bulgaria. However, if you prefer to have your account at another bank, we can arrange it.

Bulgarian corporate tax is the lowest in the EU at a fixed rate of 10% of the company profit. With the exception of some rare cases it is paid on an annual basis. Dividend tax is applied to the company profit after the corporate tax at a rate of 5% if you want to distribute the profit. VAT for most goods and services is fixed at 20%.

If you already have an address in Bulgaria, we can register the company at it. Lease agreements or property deeds are not necessary. You can use any address in Bulgaria. If you don’t have an address you can use our address as administrative address for your company. This service costs €25 per month.

What is the Bulgarian Limited Liability Company (Ltd. / LLC)?

It is called OOD or EOOD. This is the most common company in Bulgaria. 90% of the business in Bulgaria is incorporated as OOD or EOOD. Here is why:

  1. Easy management
  2. Limited risk and liability
  3. Simple and affordable registration process

The only difference between OOD and EOOD is in the number of shareholders.

A company can be founded by any person who has reached the age of 18 years regardless of citizenship.

Under Bulgarian law, the starting capital of the company should be at least 2 BGN (€1). It must be deposited in a local bank prior to the registration.

The company can be managed by one or more Directors. They might be among the shareholders or third parties.

The company must have a business address in Bulgaria. However, the registration process does not require to provide any lease or ownership documents of the address.

It takes 3 business days to complete the registration process.

It is more convenient if the Director of the company is in Bulgaria during the registration. Or at least to visit for a day. The company’s Director has to be present in person in a Bulgarian Notary Office and to deposit the company’s capital in a Bulgarian Bank.

If the Director can’t come to Bulgaria, she has to visit a nearby Bulgarian Embassy or Consulate. The company’s capital can be deposited in Bulgaria by a third party person — with a Power of Attorney.

An ID or an International Passport is enough.

Under Bulgarian law certain documents regarding the company registration have to be signed in front of a notary. The notary functions abroad are performed by the Bulgarian embassies and consulate offices. If none is available to you you can also use the services of your local notary in which case the document should also have an apostille and additional taxes will be charged for the translation of the documents in Bulgaria.

Company registration doesn’t automatically grant citizenship or residence permit but it certainly helps. This is especially helpful if you are a citizen of the EU. As a company manager you can easily obtain a long-term residence permit.

The most important thing you should keep in mind are the monthly social security contributions owned by the company manager (director) which are paid on a monthly basis. Their amount depends on the minimum wage and is currently around €65 per month.

If the company is registered under the VAT act monthly declarations have to be field at the National revenue agency with data regarding performed and received transactions with VAT.

Once per year the company has to file annual financial declaration for the whole previous year at the National revenue agency and annual financial report at the Commercial register.

Depending on the activity of the company, the commercial turnover, whether there are employees hired and some other factors various obligations for the company may exist on a monthly quarterly or annual basis. We strongly recommend the use of accountant.

We do. The prices for accounting services with us depend on the scope of activity of the company, the number of employees and whether the company is registered under the VAT act. Our prices for accounting start at €99 per month. Discounts are available for prepayment.

You can. However, there is a restriction for newly registered companies. Such companies are allowed to buy property but can’t acquire land.

Yes, you can get both debit and credit cards for your company. Our team can assist you with the obtaining of your debit card but you may need to visit the country in case you want to apply for a credit card.

Useful articles

5 reasons to register a company in Bulgaria

During the last several years more and more entrepreneurs decide to invest and register a company in Bulgaria. A lot have started to refer to the capital city of the country — Sofia, as the Silicon Valley of Europe since many of the starting companies are developing software products or software as a service. If you wonder what drives so many foreigners in Bulgaria, here are the top 5 reasons. [READ MORE]

How to register a company in Bulgaria?

Today we will take a look at the company registration procedure in Bulgaria. With time more and more people decide to invest in the country and start their own enterprise here. This is due mainly to the combination of low corporate taxes and free access to the European market. [READ MORE]

How to manage a company in Bulgaria

So, here are some of the more important things you should know in order to properly and effectively manage your company in Bulgaria. Under EU law the company has to be registered as a data controller in a member state since it operates with private data — such of customers and employees. You can do this in Bulgaria for free and your registration will be valid for the whole EU. [READ MORE]

Relocate your Greek business in Bulgaria

During the recent years, the number of Greek companies which have decided to relocate to Bulgaria has increased exponentially reaching 60 000 according to some sources. This is mainly due to the ongoing problems in the Greek economy and the still unstable political situation. Financial troubles have affected severely the small and medium business limiting access to funds and hindering transactions. [READ MORE]

Advokatami.bg/en

 

Sofia, Bulgaria Office

47A Cherni Vruh Blvd

+359 888 047 188

Copyright © 2014-2022. Advokatami.bg | MyLawyer. Privacy Policy and Terms of Service.