Bulgaria Company Formation and Registration

Company registration in Bulgaria

Bulgaria is the leader in the field of individual income and corporate income taxation and has the lowest tax rate of 10% in the European Union.

Bulgaria also ranks first with regard to the insurance burden for the citizens. The combination of low income tax rate, low company profits tax rate and insurance burden makes Bulgaria an attractive country for potential development of business enterprise and potential investors. We will register your company in the Registry Agency, which is Bulgaria’s official institution with regard to company registration and maintenance of commercial registries.

The Registry Agency officially informs the other institutions concerned like the National Revenue Agency and the National Social Security Institute about the registration of your company. Trades and their branches as well as the branches of foreign traders entered in the Trade Register are identified in Bulgaria with a unified identification code (UIC).
Practice shows that Bulgarian and foreign entrepreneurs who wish to register a company in Bulgaria most frequently choose one of the two following types of companies:

Single Person Limited Liability Company (EOOD)This is a company established by one person who is liable for the company’s obligations up to the amount of his share contributions in the company’s capital. EOOD is a company with share capital, whose capital is divided into shares and the creditors cannot be satisfied by the personal property of the sole owner of the capital. The capital of EOOD cannot be less than 2 leva (1 EUR). EOOD is a variation of the Limited Liability Company (OOD). The registration of EOOD is established by a natural or legal person and instead of making a Memorandum of Incorporation, a Founding Act is formed. The Founding Act must comprise certain executable necessities under the Commerce Act.

Limited Liability Company The Limited Liability Company (OOD) can be established by two or more persons, who are responsible for the company with their share contribution in the company’s capital. Founders can be legal persons and legally capable natural persons. The Limited Liability Company is a company with share capital and its capital is divided into shares. The capital of OOD consists of partners’ share contributions and under the amendments to the Commerce Act the minimum capital for the registration of OOD is 2 leva (1 EUR). The sign-board of the company must contain the name “Limited Liability Company” or its abbreviation “OOD”. The property of the partnership is separate from that of the partners.

More About Company Bulgaria

We offer services concerning registration and attendance to firms in Bulgaria, consultations about tax optimization and tax planning. The services that we provide are in strict correspondence with the legislation of the Republic of Bulgaria. Our principal priorities are compliance with the client’s requirements to the highest degree, efficiency and confidentiality!

If you find it difficult to decide which type of company best suits your business in Bulgaria, our associates will consult you on matters of organization and legal form of the legal person, taxation and other matters that arise in the course of the preparation of the documents for establishing your new business. In CompanyBulgaria.com all experts and associates have substantial experience in the Corporate Law and the financial management of companies. We will give you competent legal help and consultations in the sphere of taxation.