Company Registration In Bulgaria: A Step-by-Step Guide

Why Choose Company Registration In Bulgaria?

Bulgaria, located in the heart of Europe, offers numerous benefits for businesses looking to establish a strong presence. As a member of the European Union, NATO, and the Council of Europe, Bulgaria opens the door to access a large, dynamic market. In addition, Bulgaria is home to a population of 7.36 million people, with Sofia, the capital, acting as the primary business hub.

Several compelling reasons make Company Registration In Bulgaria an attractive option:

EU Membership: Being part of the EU allows businesses to tap into the single market, ensuring access to millions of potential consumers and business opportunities.
Low Corporate Tax: Bulgaria offers one of the lowest corporate tax rates in Europe at just 9%, which makes it an ideal location for both startups and established companies.
Strategic Location: Positioned between Romania, Serbia, Greece, and the Black Sea, Bulgaria serves as an ideal launchpad for regional trade and international business expansion.
Simple and Fast Setup: Starting a business in Bulgaria is straightforward, with minimal bureaucracy and fast registration processes.

Key Requirements for Company Registration In Bulgaria

To register a company in Bulgaria, several requirements must be met. Fortunately, the process is quick and hassle-free. Here’s what you need to know:

Director: You are required to appoint at least one director for your company.
Secretary and Office: A company secretary and a registered office address within Bulgaria are mandatory for the company’s formation.
Shareholder: You need only one shareholder to start your business, and foreign shareholders are welcome.
Confidentiality: If desired, you can appoint nominee directors and shareholders for enhanced privacy.
Legal Address: A legal address within Bulgaria is a mandatory requirement.
Minimum Capital: The minimum authorized capital for setting up an LLC in Bulgaria is BGN 5,000.

Taxation and Financial Benefits for Companies In Bulgaria

When it comes to taxation, Bulgaria stands out with its competitive tax rates. The corporate tax rate is set at 9%, one of the lowest in Europe, which makes it particularly attractive for business owners. Furthermore, dividends are excluded from the tax base, and a 5% withholding tax is applied to dividends paid.

In addition to the corporate tax benefits, VAT in Bulgaria is set at 20% for local operations, providing a balanced tax environment for businesses.

To maintain compliance, companies are required to keep detailed accounting records, submit annual financial statements, and file VAT declarations when necessary.

Business Opportunities in Bulgaria: What You Can Do with Company Formation

When you opt for Company Registration In Bulgaria, you can explore a wide range of business opportunities. The most common company type for foreign entrepreneurs is a Limited Liability Company (LLC), which offers liability protection for shareholders.

Here are some of the common business activities you can pursue in Bulgaria:

Entrepreneurship
E-Commerce
Consulting
Import-Export
Real Estate Investments
Intellectual Property Management
Estate Planning
Brokerage

Ready to Start Your Business In Bulgaria?

In conclusion, Company Registration In Bulgaria offers a wealth of opportunities for business owners. With low taxes, a favorable business environment, and access to the EU market, Bulgaria is a prime destination for starting your business.

Get in touch with us today to learn more about the Company Registration In Bulgaria process and how we can help you get your business off the ground.