How to create a company in Bulgaria: the steps to follow

1. Choose the type of company you want to set up in Bulgaria. In Bulgaria, the main types of companies are limited liability companies (OOD), public limited companies (AD) and partnerships limited by shares (KDA).

2. Determine the required share capital for your Bulgarian company. The minimum share capital for a Bulgarian Limited Liability Company OOD is 2 BGN (Bulgarian Lev), for an AD is 000 BGN and for a KDA is 50 BGN.

3. Decide on the number of shareholders and the roles they will play in your future company registered in Bulgaria. Shareholders can be natural or legal persons.

4. Appoint a managing director and a board of directors for your future company registered in Bulgaria. The managing director is responsible for the day-to-day management of the company and the board of directors is responsible for the company's strategy and policy.

5. Determine the registered office of the company. The registered office must be located in Bulgaria. Opt for FIDULINK services with the registered office agent in Bulgaria.

6. Register your company with the Bulgarian Commercial Register. You will need to provide information about the shareholders, the managing director and the board of directors, as well as the share capital and the registered office.

7. Obtain the necessary licenses and permits for your Bulgarian company according to your activity. You may need to obtain specific licenses and permits to operate your business.

8. Declare your Bulgarian company to the tax authorities. You will need to declare your company to the tax authorities and register with the social security fund. Our service accompanies you if necessary in these steps.

9. Start your business. Once you have obtained all the necessary licenses and permits, you can start operating your business.

The tax benefits of setting up a company in Bulgaria

Bulgaria offers attractive tax advantages for companies that choose to set up there. Businesses locating there can benefit from a corporate income tax rate of 10%, which is one of the lowest corporate income tax rates in Europe. In addition, companies that locate there can benefit from a dividend tax rate of 5%, which is one of the lowest dividend tax rates in Europe.

Companies that establish themselves in Bulgaria can also benefit from an advantageous tax regime for companies with limited liability (EURL). EURLs can benefit from a corporate income tax rate of 5%, which is one of the lowest corporate income tax rates in Europe.

In addition, companies that establish themselves in Bulgaria can benefit from an advantageous tax regime for companies with limited liability (EURL). EURLs can benefit from a corporate income tax rate of 0% for profits below BGN 5 (Bulgarian Lev).

Finally, companies that establish themselves in Bulgaria can benefit from an advantageous tax regime for companies with limited liability (EURL). EURLs can benefit from a corporate income tax rate of 0% for profits below BGN 50 (Bulgarian Lev).

In short, Bulgaria offers interesting tax advantages for companies that choose to settle there. Companies that locate there can benefit from a corporate income tax rate of 10%, a dividend tax rate of 5%, a corporate income tax rate of 5 % for EURLs and a corporate income tax rate of 0% for profits below BGN 50 (Bulgarian Lev).

The main laws and regulations to know before setting up a company in Bulgaria

Bulgaria is a country that offers interesting opportunities for entrepreneurs who want to set up a Bulgarian company there. However, before embarking on this adventure, it is important to know the main laws and regulations that govern the process of starting a business in Bulgaria.

First of all, it is important to note that Bulgaria is a member of the European Union and therefore it is subject to European legislation. This means that companies that are set up in Bulgaria must comply with European laws and regulations.

Next, it is important to note that Bulgaria has its own legislation on setting up a business. The Companies and Business Associations Act is the main law that governs the process of setting up a business in Bulgaria. This law defines the conditions and procedures to be followed to set up a business in Bulgaria.

Additionally, it is important to note that Bulgaria also has specific laws that govern businesses. These laws cover areas such as taxation, accounting, consumer protection and investor protection. It is therefore important to be aware of these laws before setting up a business in Bulgaria.

Finally, it is important to note that Bulgaria also has specific laws that govern foreign investment. These laws define the conditions and procedures to be followed by foreign investors wishing to invest in Bulgarian companies. It is therefore important to be aware of these laws before setting up a business in Bulgaria.

In conclusion, it is important to note that Bulgaria has specific laws and regulations that govern the process of starting a business. It is therefore important to be aware of these laws before embarking on this adventure.

The different types of companies available in Bulgaria

In Bulgaria, there are several types of companies that can be created. The main types of companies are:

1. Limited Liability Company (OOD): This is the most common type of company used in Bulgaria. It is made up of one or more shareholders who are liable for the company's debt only up to the value of their shares.

2. Public limited company (AD): It is a type of company which is made up of one or more shareholders who are responsible for the debt of the company only up to the value of their shares.

3. Limited Partnership (KD): It is a type of company that is made up of one or more limited partners who are responsible for the debt of the company only up to the value of their shares.

4. General Partnership (KD): It is a type of partnership that is made up of one or more partners who are liable for the debt of the partnership only up to the value of their shares.

5. Partnership limited by shares (KDA): It is a type of company which is made up of one or more limited partners and one or more shareholders who are responsible for the debt of the company only up to the value of their actions.

6. Joint Venture (SP): It is a type of partnership that is made up of one or more partners who are liable for the debt of the partnership only up to the value of their shares.

7. Limited Liability Partnership (KDOD): It is a type of partnership that is made up of one or more partners who are liable for the debt of the partnership only up to the value of their shares.

In addition, there are also limited liability companies with variable capital (OODV) and limited liability companies with fixed capital (OODF). These types of companies are less common in Bulgaria.

The main challenges when setting up a company in Bulgaria

Bulgaria is a country that offers many opportunities for entrepreneurs. However, setting up a company in Bulgaria can be a challenge. Here are some of the main challenges when setting up a company in Bulgaria:

1. Obtain the necessary permits: Bulgaria has very strict laws and regulations when it comes to starting a business. Entrepreneurs must obtain the necessary authorizations from the competent authorities before they can start their business.

2. Find investors: Bulgaria is a country where investors are few. Finding investors to fund your business can be a challenge.

3. Find qualified employees: Bulgaria is a country where qualified labor is scarce. Finding qualified employees can be a challenge.

4. Comply with laws and regulations: Entrepreneurs must comply with the laws and regulations in force in Bulgaria. Contractors must ensure that they are in compliance with applicable laws and regulations.

5. Manage costs: Bulgaria is a country with relatively high running costs. Entrepreneurs must find ways to manage costs in order to reduce expenses and increase profits.

In conclusion, setting up a company in Bulgaria can be a challenge. Entrepreneurs must overcome these challenges in order to successfully launch their business.

Order now the creation of your company in BULGARIA via our MARKETPLACE by following the instructions below:

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Complete the registration form
Complete the billing form
Pay the fees by credit card or bank transfer
Send us the identity documents of the directors and shareholders of the company by email
Fill in the forms sent after validation of the order

Upon receipt of your order and your documents, we set up the process of incorporation of your company

Contact us now for the creation of your company in BULGARIA

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