Q&A on Starting a Company in Bulgaria

Q: Which are the advantages of establishing a company in Bulgaria?

A: The biggest advantage are the low tax rates. Both the personal income tax and the corporate tax are at a 10% rate, regardless of the amount. The banking system is also among the best in Europe in terms of capitalization. Bulgaria is a member of the European union and there are no obstacles to deals with other member states.

Q: How much does it cost to establish a company in Bulgaria?

A: The cost of establishment of a company in Bulgaria can vary, considering the type of company you want to establish, the amount of shares and the activities and services you would like to offer to your customers and partners. You should also provide a certain amount of money for state fees, translations etc.

Q: How much time does it take to establish a company in Bulgaria?

A: The Commercial register  is electronic, so is the administrative procedure. It usually takes up to 10 working days to establish a limited liability company.

Q: Is it necessary to come to Bulgaria in order to establish a company?

A: No. We can send you the documents that need to be notarized either in a Bulgarian consulate or at a notary in accordance with your national law. You can then send them back to us via e-mail or scanned.

To be continued…