Bulgaria offers the best fiscal conditions in the EU. Bulgarian Law allows a citizen of any country to register a business with equal treatment of foreigners and citizens of EU. Your Bulgarian company can be managed remotely, you do not need to visit Bulgaria, as we provide bookkeeping and registered address / representation. Main advantages of setting up a business in Bulgaria are:
♦ a flat corporate tax rate of 10%;
♦ a flat dividend tax of 5%;
♦ double tax treaties with many countries;
♦ low cost social insurance;
♦ cheap company formation and accounting services;
♦ economic stability;
♦ cheapest workforce in the EU;
The following information is needed for preparation of documents for a Limited liability company incorporation :
♦ Company name;
♦ Legal address/or we can provide a virtual office address;
♦ Company email address;
♦ Capital & shares distribution;
♦ Shareholders' details (company owner). In case the shareholder is a foreign legal entity, a certificate of good standing is required with a recent date of issuance;
♦ Company director details;
♦ Scope of activity (including in most of the cases any activity allowed by law);
A Limited liability company formation ("OOD" in Bulgaria -equivalent to LLC., Ltd./SARL) includes preparation of the following documents
♦ notarization of a consent by the company Director and signing company incorporation
the shareholders/single owwner.
♦ in case a company is incorporated by authorization the documents can be notarized at a Bulgarian consulate or at a Notary Public /with an apostille/ .
♦ depositing the company capital in a bank account /the minimum capital of a Limited company is 1 Euro/;
♦ signed protocol of the decision about company incorporation and a company Foundation Act;
♦ a statutory declaration by the company Director;
A Limited Liability Company (Ltd, LLC - OOD in Bulgarian) has a low cost registration fee and very minimal requirements for initial capital (minimum 1 Euro). The owner of the capital can be a single person (also a legal entity) or the shares may be distributed between several shareholders with an Association Act arranging participation in the capital, decision making, representative power of the governors, voting and other conditions. The shareholders appoint the managing director (governor) of the company.
The Joint Stock Company (AD or EAD) is a typical company of a corporate type. It has a more complex structure including shareholders, governing bodies and governors. The capital of a joint-stock company is divided into shares of identical nominal value. The minimum capital is 50 000 BGN (25% of the capital must be deposited at the time of the registration). The shares can be bearer or registered. Bearer shares are transferable by the act of delivery. The Memorandum of association may set certain conditions for transfer of shares and decision-making.
Other types of legal structures that may serve particular business or tax purposes include holdings, consortiums, branches of foreign companies, partnership contracts, representative office of a foreign company. The two types of nonprofit organizations /non government organizations in Bulgaria/ are foundation and a nonprofit association. Both types of NGO can be set up with a public or a private purpose depending on the scope of their activities and the number of members /at least 3 members required for association a private purpose and at least 7 members for a public purpose/.
Ltd company registration in Bulgaria for 270 Euro including the price for a legal address /virtual office/. Ongoing accounting services and company maintenance, representation before banks and administrative bodies.
Preparation of commercial contracts, lease agreements and corporate documents in Bulgarian and English.
Quality legal services in the areas of Civil, Corporate, Commercial and Tax law
Assistance with immigration matters, acquiring residency and citizenship in Bulgaria on the grounds of investments.
You can ask us anything related to a legal matter in Bulgaria!
Our team will answer your question within 24 hours.
68 Rayko Daskalov St, flr. 2