Registration fee is from 3000 €
Registration period — 4 weeks
Minimum authorized capital - 2 BGN
Remote opening — yes
Financial statements — yes
Bulgaria (Republic of Bulgaria) is a country in Southeastern Europe, bordering Greece, Turkey, Serbia, Macedonia and Romania. Bulgaria has been a permanent member of the UN since 1955 and the EU since 2007. The capital is Sofia.
Maira Consult recommends using a company registered in Bulgaria for export-import operations in the EU, international trade, logistics and transportation and for manufacturing.
Features of company registration in Bulgaria.
It is possible to register a Bulgarian company for a non-resident without a personal visit of the director and shareholder to Bulgaria. It is enough to certify the documents at the Embassy of the Republic of Bulgaria. Alternatively, a non-resident director and shareholder may visit Bulgaria in person to certify documents with a local notary.
Starting from 1 January 2024, Bulgarian companies that are subject to global minimum tax, will pay a minimum effective tax rate of 15% (e.g. large multinationals, banks, etc.). in accordance with EU regulations. In all other cases, the standard corporate tax rate of 10% remains in force.
Our specialists know how to register a company in Bulgaria and provide you with highly qualified service and advise you on all issues.
1
The lowest income tax rate in the EU
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Possibility of opening an account in Bulgarian banks
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Possibility to obtain a tax residency certificate
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EU guarantee for deposits up to 100,000 EUR in local banks
The most common form of company incorporation in Bulgaria is a limited liability company (LLC).
The name of the company must end with a word, phrase or abbreviation that indicates the limited liability of the company.
The minimum share capital of a limited liability company is BGN 2. Before the company registration, the share capital must be fully paid (deposited into the company's account in a local bank).
At least one individual, no residency requirements. It is recommended a resident director in order to open a corporate account with a Bulgarian bank.
At least one individual or legal entity, no residency requirements. It is recommended a resident shareholder in order to open a corporate account in a Bulgarian bank.
Having registered a company in Bulgaria, the company must keep accounting records and submit a financial report annually. Financial statements are submitted even if the business has not conducted any activity. In some cases, for example, when a Bulgarian company has a turnover of 2,500,000 BGN per year, it is additionally necessary to undergo an audit.
The income tax of the Bulgarian company is 10% and is charged for the reporting financial period (12 calendar months). The VAT rate is 20%. In addition, a preferential VAT rate of 0% is provided for export and other types of operations in accordance with international agreements. Having opened a business in Bulgaria, you can get a VAT number immediately after registration. Dividend tax is 5% on dividends received by a Bulgarian company from its subsidiaries. Tax on dividends transferred by a Bulgarian company to its owners - 5% or 10%.
The register of all firms and organizations in Bulgaria is open. Publicly available information about the company, the director, the shareholder, the size of the authorized capital. There is a separate register of beneficiaries, the information is publicly available.
To open a business and register a company in Bulgaria, it is necessary to provide several variants of company names. The name of the company must be original, unique and must not contradict Bulgarian legislation.
Each member of the business must provide a passport and proof of residential address (utility bill).
Registration of a company in Bulgaria can be done remotely or with a personal visit of the director and founders to Bulgaria. If, after the registration of a Bulgarian company for a Bulgarian resident, the Bulgarian company is re-registered for a non-resident, the director and shareholder can certify the documents at the Embassy of the Republic of Bulgaria, after which the original documents are sent to Bulgaria for registration actions. Alternatively, the director and shareholder can visit Bulgaria in person to execute the documents with a local notary and carry out the registration actions.
The recommended share capital is 1000 EUR. Before registering a company in Bulgaria, it is necessary to open a temporary company account with a local bank to deposit the share capital.
The process of registering a company in Bulgaria generally takes 10-15 business days from the date of receipt of the required set of documents and depending on the workload of the Bulgarian register.
As soon as a company in Bulgaria is registered, the registry issues ready corporate documents with the appropriate stamps.
If necessary, the documents of the Bulgarian company are submitted for legalisation and apostille.
Originals of corporate documents of a Bulgarian company are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207