Bulgarian Company Incorporation

Bulgarian company incorporation is for every one. Anyone can start a private company in Bulgaria. There is no difference whether the investor is a natural or a legal person. They both can start a company in Bulgaria.

The taxation of a company owned by a foreign individual is the same as that of a Bulgarian citizen. The Bulgarian tax system is very beneficial to foreign investors. Furthermore Corporate tax rate is only 10%. This is the lowest within the EU. The annual tax profit is the tax base for the tax that the company owes. The company has the right to receive the profits after taxation. Revenue is not considered in determining the profits subject to taxation.

How does a Bulgarian company incorporation work?

The procedure is fast and simple. This is because of the Public Register. The procedure does not go through court. It goes only to the Registry Agency. It is not needed to provide all documents at every stage in order to prove the circumstances of the company. The law forbids the same authorities from demanding this. Moreover everyone can refer to the Registry Agency at any time online. To check who are the owners and managers.

The investor opens a bank account and pays the capital. The capital can be BGN 2. Therefore law allows you to register a limited liability company with a capital of only BGN 2.

Required is the conclusion of the articles of incorporation and the appointment of managers. A bank account is then opened and the capital is paid.

The process requires the deposit of notary certified foundation deeds and bank certificate. The final step is the submission of all papers.

With a law firm submitting the documents and incorporation can be done from a distance. Thus saving time and costs.