Incorporation of an entity in Bulgaria

A convenient and efficient way to benefit from Bulgaria’s favorable tax regulations – the lowest in Europe and amongst the most generous across the world – is to incorporate a limited liability company. BG Company has streamlined the process of incorporating a company and minimized the waiting period. You only wait or two-three days at the most from the day we submit all necessary documents and forms to gain control over your company.

Having a limited liability company is a sound investment as it’s not only a subject of Bulgarian tax legislation but also a subject of the European Union’s business and tax regulations in regards to operating within its single market.

Before the incorporation of your limited liability company, you have a choice between the two types of companies available – ЕООD and ООD. The difference between the two lies in how many shareholders have incorporated the company and own it, where ЕООD is a singlemember company, incorporated and owned by a single shareholder, and ООD is incorporated and owned by two or more shareholders. In both cases, each shareholder is entitled to a share from the profit, equal to their share in the capital.

Bulgarian legislation states that the minimum share capital for limited liability companies is BGN 2, which makes these companies a low-cost investment. Perhaps, the greatest advantage you gain from owning a limited liability company is that it’s risk-free as your company is an individual legal entity fully separate from its shareholder/s and liable to its creditors with all its own assets. You as the shareholder are only liable with your property to the extent of your share in the share capital.

BG Company takes over the registration process and submits memorandum, articles of association and a proof of deposited share capital for you and the processing time takes about two-tree days. The company is considered operating as of the date of registration with the Commercial register.

 

What is included in our service?

Preparation of the documents needed for registration of the limited liability company, with enclosed translation in English

Notarization in BG;

Payment of the applicable state fees;

Depositing the share capital in a capital rising account;

Issuance of documents certifying the registration of the company with the Commercial Register.