Advanced solution for your business
Republic of Bulgaria is situated in southeastern Europe. It is a member of the European Union, NATO and the Council of Europe. The currency is the lev (BGN), which is pegged to the euro at a rate of 1.95583 BGN for 1 euro. Bulgarian banking system is stable, most of the banks are owned by International Financial Groups as UniCredit, Raiffeisen, Societe Generale. The opening of bank accounts for companies registered in Bulgaria is simple, and receiving an EU VAT Number does not particularly pose problems.
Company Incorporation and local Requirements
| Recommended Company Form | Limited Liability Company |
| Possible Name Endings | ЕООD (Sole Limited Liability Company) |
| Minimum Capital | BGN 2.00 (EUR 1.10) |
| Minimum Number of Shareholders | One |
| Corporate Shareholder | Allowed |
| Local Director and Shareholders | Not required |
| Number of Managers | Minimum one |
| Corporate Directors | Not allowed |
| Local Secretary | Not required |
| Annual Filing of Accounts | Required |
| Registered Office | Required |
| Annual corporate income tax | 10% |
| Required time for incorporation | One week |
COMPANIES FEE SCHEDULE
| Reservation of Company Name | EUR 30,00 |
| Company registration with standard contract form | EUR 350,00 |
| Provision of corporate seal | EUR 30,00 |
ADDITIONAL SERVICES
| Provision of registered office for one year | EUR 480,00 |
| Support in opening of a bank account | EUR 120,00 |
| BG TAX identification number & EU VAT number | EUR 250,00 |
| Filling of yearly financial report | EUR 100,00 |
OTHER SERVICES
| Monthly accounting fees for up to 20 entries into the company books | EUR 200,00 |
| Monthly fees receiving & forwarding mails | EUR 120,00 |