How to open company in Bulgaria. How do companies set up and register in Bulgaria?

How to open company in Bulgaria so you can win. In fact, how is а company formed, established & registered in Bulgaria? Things are fairly straightforward & simple, but at the same time they must be well thought out and accurate. Although a company registration takes a short amount of time, it can become a scary headache if you do not bet on a large professional law and accounting office. So start your business clean by doing the best at the start of your registration! Here’s how to register or form a company in the country.

To open company in Bulgaria – how to do it?

First of all, it is important to be informed that there are two types of traders in the country. One is a natural person, the other is a legal entity. Basically the sole traders are natural persons. All other traders under the Commercial Code are legal entities. Here we are talking about state-owned companies as well as private sector companies. Most of the craftsmen, the persons engaged in agriculture and the liberal professions are not subject to registration. They are not traders, according to the law. The registration of the company in Bulgaria is done by submitting documents to the local offices of the Registry Agency. Specifically in the Commercial Register. Registration is public and anyone can see the details of a newly registered business.

Register company in Bulgaria is accompanied by a choice of name for the company itself.  It always starts with the legal abbreviation of its form. That is to say AD,  SD or other forms of company. The registration describes the type of activity or activities of the company itself, its managers, capital investors, distribution and others. Sole proprietors, unlike Commercial Enterprises, contain the names of the owner in their name. In addition, hе is responsible for the company’s business with his own property. While for the commercial companies the responsibility stops to that of the capital investment! The formation of a company and its registration are directly governed not only by the Commercial Act, but also by the Accountancy Act.

Before you open а company in the country it is good to consult with law professionals and accountants! In this way, you will choose the right person for your company. It is in accordance with the:

• responsibility,
• profit distribution,
• management,
• taxes,
• financing, and other aspects of the legal form.

You will also be informed about the fees and possible benefits of your upcoming business. Start your business today, open company in Bulgaria and earn!