Incorporation and establishment of company in Bulgaria
Incorporate.BG was established by Nikolaev & Partners Law Company, one of the most innovative law firms on the Bulgarian market, providing services to a number of international clients. Our team has long experience in commercial and company law, since throughout our professional development we have serviced and participated in businesses with various structure, scale, principal activities and objectives. We believe that with this website we can openly offer all the necessary services for establishing a business in Bulgaria, and accurately and clearly answer the most important questions.
Joint stock company
Establish a JSC (АД), starting from € 1099
Limited liability company
Establish a LLC / Ltd. (ООД), starting from € 499
Company branch
Establish a foreign company branch, starting from € 499
Register a virtual office
Establish your company at the heart of Sofia city, starting from € 200 per year
Company changes
Register corporate changes and act announcements, starting from € 200
Holding of general meetings
Holding of general meetings of companies, starting from € 150
Establish a JSC (АД), starting from € 1099
Establish a LLC / Ltd. (ООД), starting from € 499
Establish a foreign company branch, starting from € 499
Establish your company at the heart of Sofia city, starting from € 200 per year
Register corporate changes and act announcements, starting from € 200
Holding of general meetings of companies, starting from € 150
Why choose Bulgaria?
Bulgaria is still one of European union’s tax heavens with the lowest costs of establishing and maintaining a company. Companies in Bulgaria benefit from the lowest corporate tax rate of 10% (flat), a general income tax of 10% (flat), a dividend tax of 5% (flat), 0% VAT for services in EU, the lowest social contributions in the EU, and a recognised VAT regime across the EU. Being part of the EU, companies in Bulgaria have access to the single market, as a member of the EU Banking union, Bulgarian banks benefit from the EU stable financial system. The official country currency is the Euro starting from 2026.
General requirements for companies in Bulgaria
What are the capital requirements for establishing a company?
The minimum contribution for the founding capital is EUR 1 for a Limited liability company (LLC/Ltd), and EUR 25 000 for Joint stock company (JSC). The law allows for a JSC to be initially incorporated with a capital of EUR 6 250 and a term of 2 years for the contribution of the remaining capital. There may be special capital requirements if the company will be a applying for a licenced activity.
Who can be a manager or director of a company?
Generally, if the company does not carry out activities for which a licence is required, there are no special requirements (education, citizenship, language, etc.) for the manager/director – as long as he/she is an adult and has not been a manager, member of the management or control body of a company dissolved due to insolvency. There is also no requirement for the director of a company to be a resident (to have a residence permit of any kind) and reside in Bulgaria or even visit the country in person. Depending on the activity of the company (banking, insurance, finance and others), there may be special requirements regarding the management bodies – managers, directors.
Are foreigners allowed to register companies in Bulgaria?
Owners of companies can be citizens of any country in the world – from the European Union and non-EU countries. There are no nationality restrictions for owners of the capital of companies. There is also no requirement for the company owner to be a resident (to have a residence permit of any kind) and reside in Bulgaria or even visit the country in person.
Is any local staff, local property or lease required?
There are no legal requirements for companies to have local staff (managers/directors, accountants, lawyers). Any activities can be carried out by authorized personnel with a Power of Attorney for specific purposes. Owning or renting an office is also not required to register a company at a certain address.
Is it possible to open a bank account and register a company remotely?
If all the necessary documents are prepared in advance, such as notarized and apostilled Power of Attorney, declaration of consent and specimen of the director’s signature and other documents, using a Power of Attorney we can open a bank account to deposit the company capital for establishment without the need to travel to Bulgaria. Capital accounts can be converted into payment account using the same authorization. The company can be registered at the Commercial register remotely, using the documents prepared in advance by our team. There is no need to travel to Bulgaria to submit an application for registration of the company in the Commercial register.
Country profile - Bulgaria
What are the corporate taxes in Bulgaria?
Companies in Bulgaria benefit from the lowest corporate tax rate of 10% (flat), a general income tax of 10% (flat), a dividend tax of 5% (flat), 0% VAT for services in EU, 20% VAT for domestic services, the lowest social contributions in the EU, and a recognised VAT regime across the EU. Corporate income tax is due to 1 March through 30 June of the following year.
What is the official Bulgarian currency?
Bulgaria introduced the Euro as an official currency from 2026 and has officially joined the Eurozone.
Is Bulgaria a party to double tax avoidance treaties?
Bulgaria has concluded double tax avoidance treaties with 72 countries around the world, including USA, China, Germany, Japan and Russia.
Is Bulgaria's banking system stable?
In October 2020 Bulgaria joined the Single Supervisory Mechanism of the EU (the so-called Banking union) and the Single Resolution Mechanism for credit institutions. As of December, 2022, 25 banks were operating in Bulgaria, including 7 foreign banks’ branches. Currently, Bulgaria has one of the most stable banking systems in the EU.
Is Bulgaria politically stable?
Bulgaria has been a member of Word Trade Organization (WTO) since 1 December 1996. Bulgaria joined the North Atlantic Treaty Organization (NATO) on 29 March 2004. As of 1 January 2007 it is a member State of the European Union (EU). Bulgaria is expected to become a Schengen Area member in the following years.
Establish a LLC / Ltd (ООД), starting from € 499. Remote service and Certificate of good standing is available.
How it works?
As attorneys, with Power of Attorney, we have the right to represent anyone before governmental institutions, banks, notaries, and all persons related to the incorporation of a company.
With the power of attorney given to us, we can open a bank account with the deposit of the company’s incorporation capital, and deposit it on your behalf.
Once all other documents have been signed and certified in the country of the client who is incorporating the company in Bulgaria, we will prepare and file an application to register the company in the Commercial Register. After the incorporation of the newly established company, the bank account is converted into a current account, and the company starts its activities.
With the Power of Attorney given to us, we will be able to respond and represent you in the ongoing business of the company, if necessary.