Can I register a company in Bulgaria by myself?

A question that has been asked quite frequently. Of course, you can, everyone is free to do it by own means. The law does not oblige to employ any kind of official mediator in the process of the formation of a new firm. So, yes, you are allowed to register a company in Bulgaria without any help or inter-mediation? But can you?

Not that the whole mechanism is so complicated – hey, it’s not quantum physics. The procedure actually has been made easier to follow in recent years and many of the information to the state’s agency could be applied online. Being well prepared or experienced in such matter might really make you think to go on straight ahead and register a company in Bulgaria with no support. If you’re not aware of laws and applications, you could find plenty of information about the process on the Internet.

“Are there any risks if I initiate and make the formation of a business entity alone?”

There are – the main bugs of the business anyway. Losing money and wasting time. Not too much regarding both but still frustrating. Errors in the paperwork would burn the state fee for registration – in this say goodbye to a sum approximately between fifty and two hundred Euro. The term for the firm to be approved to go is doubled at best – you might wait a fortnight instead of one week for example. The price paid for a small mistake.

One rather unlikely to be made if you turn to experts in the field. We have such professionals at BulgarianLaw.co. Inexperienced start-uppers often choose to save the money for the service of that kind and later realise that more funds have been lost due to repeated attempts to register a company in Bulgaria. Being wise from the start is not easy but you can always ask.