How to Register a Business in Bulgaria: A Step-by-Step Guide

Table of Contents

Description

What is it?

Registering a business in Bulgaria involves several legal and administrative steps to obtain official recognition and permits for your company. The process encompasses from choosing and reserving a company name, to acquiring necessary permits and licenses, and complying with tax regulations.

Who needs it?

This guide is ideal for anyone looking to start a business in Bulgaria - including locals, expats, and even digital nomads.

Procedure

  1. Company Name Reservation: Choose and reserve a name for your company. The name must be unique and can be checked for availability at the Bulgarian Registry Agency’s online portal .
  2. Drafting of Company Statutes: Create a Memorandum of Association and Articles of Association that comply with Bulgarian law. Here, you will layout the purpose of your company, its management structure, and share distribution.
  3. Opening of a Temporary Bank Account: A temporary bank account must be opened for your company in a Bulgarian bank. The initial capital, depending on your company type, must be deposited into this account.
  4. Registration with the Commercial Register: Submit the completed application and necessary documents to the Bulgarian Registry Agency.
  5. Official Company Stamp: Obtain the official stamp for your company.
  6. Registration with the Tax Authorities: Register your company with the tax authorities and obtain a VAT number if necessary.

Required Documents

  • Passport or personal identification document
  • Proof of address
  • Articles of Association
  • Bank certificate for the deposit of the capital
  • Application form for registration

The exact documents required may vary depending on the specific nature of your business.

Providers that can do it for you

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Additional details

Remember to consult with a legal expert or a business consultant if you’re unsure about any step in the process. Regulations can change, so it’s important to ensure you’re always following the most up-to-date procedures in order to fully comply with Bulgarian business laws.

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