Bulgarian Company Formation bulgarian company formation

Additional Bulgarian Company Ltd. Company set up Formation – 250 euro

For the moment, so that a foreigner can own land in Bulgaria, as agricultural land, regulated plot of land / land for building or house with land, farms, and etc. must have a registered company in Bulgaria.

The legislature gives the right to choose for setting up a company with one owner/shareholder - Sole limited liability company EOOD or with two or more owners/shareholders -Limited Liability Company OOD. Until recently the new companies had to have a minimum start-up capital amounted to 5000 Bulgarian Leva.

With a change in The Trade law and the new United register of legal persons 01.01.2008, registration of a new trade and the record of any changes take place only in one place - the Registry Agency, which will automatically notify other institutions - National Revenue Agency, National Insurance Institute and others, but the registration / of traders / in BULSTAT register in no longer required. Stating circumstances, subject to entry stay as it was done until now - at the headquarters of the firm, but to the territorial unit of the Registry Agency, acting on the territory of the district court, i.e. respective district town. Commercial sites are identified with only one code - a Unique Identification Code (UIC). UIC is determined at the initial entry of a company and remained unchanged until the erasure. Are the requirements of the law for the registration fulfilled is verified by experts - so called "Registry officials" who are qualified in law. The requirement a new company set up to be published in The Official Gazette, is replaced by publication in the Agency's website. This is done automatically by The Registry Agency the vendors are exempted from this commitment and do not have to wait anymore the long time for publication in the Gazette.

Reserving a company name is quick and safe and applies to all over the country. Unified Information System is built in a way that ensures data security in the Commercial Register. From 16.10.2009, the legislature is friendly to people wishing to start business in Bulgaria and the registration of companies is one of the most accessible in Europe. Thus, the setting up capital of a company has changed from a minimum of BGN 5000 to BGN 2.

The law allows the company to increase its capital. Any company can purchase an unlimited number of properties. Any company whether is or not trading, each year must prepare and submit annual tax returns and annual financial statements for the previous calendar year at The National Revenue Agency and the National statistical institute and to prepare and submit a statement of revenue and expenditure and balance sheet for the previous calendar year in the Commercial Register. If a company starts to operate, you must be registered in National Revenue Agency and to provide the manager and the employees / if there are any/, in a way determined in the Bulgarian legislation at the National Insurance Institute.