Bulgarian company formation – it is compulsory for any independent activity?

The answer depends on the specific of the activity itself. No trade endeavor in the country as allowed to be exercised without being submitted under the form of some kind of legal entity. Bulgarian company formation is a mandatory condition for many types of independent economic activities but not for every job you do outside of engagement as a worker for some employer.

Submission to the Trade register is inevitable for… you guessed it right – for traders. In the context of the legislation in the country, anyone who sells goods no matter if the goods are self-produced or bought from another place is considered as a trader and is obligated to operate on the behalf of a firm. Subject to the Bulgarian company formation is also anyone who is involved in managing or runs commercial representation, insurance transactions, purchase or construct real estate, banking, and currency transactions, renting cars or hotel rooms, offers warehouse services, etc.

Anyway, there are types of independent activity that don’t fall into the column of traders. A person involved in agriculture could be a farmer or stock breeder but not necessarily a merchant. Craftsmen also can operate as individuals as long as their activity isn’t considered as a form of business enterprise. Even renting a room is allowed if the room is a part of a house or an apartment you live in. Don’t forget the type of liberal profession that is not obliged to go through a Bulgarian company formation. Doctors and dentists are included in this section, the same goes for lawyers and notaries, for engineers and architects, for accountants and artists. If you want to operate independently but not sure if your activity requires submitting information to the Trade register, don’t hesitate to call us – at BulgarianLaw.co we are competent about every kind of occupation.