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Republic of Bulgaria

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)
ООD (Limited Liability Company)

Minimum Capital

BGN 2.00 (EUR 1.10)

Minimum Number of Shareholders


Corporate Shareholder


Local Director and Shareholders

Not required

Number of Managers

Minimum one

Corporate Directors

Not allowed

Local Secretary

Not required

Annual Filing of Accounts


Registered Office


Annual corporate income tax


Required time for incorporation

One week



Reservation of Company Name

EUR 30,00

Company registration with standard contract form

EUR 350,00

Provision of corporate seal

EUR 30,00



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




Monthly accounting fees for up to 20 entries into the company books

EUR 200,00

Monthly fees receiving & forwarding mails

EUR 120,00