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More and more foreign nationals are choosing Bulgaria as a place to develop their business. There are many reasons – low taxes, strategic geographic location, access to the European market, and a fast company registration procedure. In this article, we will review the main steps and requirements for registering a company in Bulgaria as a foreigner.
Why Register a Company in Bulgaria?
Bulgaria offers many advantages to foreign investors:
- Corporate tax of only 10% – one of the lowest in the EU;
- VAT rate of 20%, with the option to register for VAT;
- Free access to the European Union market;
- Simple and fast company registration procedure;
- Option for 100% foreign ownership of the company;
- Skilled and affordable workforce.
What Type of Company Can a Foreigner Register?
Most commonly, foreigners in Bulgaria choose to register:
- EOOD – Sole Limited Liability Company;
- OOD – Limited Liability Company with more than one partner.
Both types offer:
- Flexible management;
- Minimum capital of BGN 2;
- Limited liability of the owner/partners.
Steps Required for Company Registration by a Foreigner
1. Choosing a Company Name
The company must have a unique trade name. Availability can be checked in the Commercial Register.
2. Document Preparation
The required documents include:
1. Articles of incorporation (for EOOD) or agreement (for OOD);
2. Decision to establish the company;
3. Signature specimens;
4. Standard declarations;
5. Certificate of deposited capital;
6. Proof of address (rental contract or notarial deed).
💡 Note: If the foreigner does not speak Bulgarian, all documents must be translated by a sworn translator.
3. Opening a Capital Bank Account
The minimum capital of BGN 2 is deposited into a special bank account in the name of the future company.
4. Entry in the Commercial Register
The application is submitted to the Registry Agency. The process usually takes between 1 and 3 business days.
5. VAT Registration (if required)
If the company has an annual turnover above BGN 100,000 or works with EU partners, VAT registration is mandatory.
Required Personal Documents for Foreigners
- Copy of valid passport or ID card;
- Translation and legalization of documents (if issued in a foreign language);
- Proof of residence (if applicable).
Can the Registration Be Done Remotely?
Yes. Foreigners can register a company entirely remotely via a notarized power of attorney and an authorized representative in Bulgaria.
How Can We Help?
The team at MediaBG offers full assistance with company registration for foreigners, including:
- Document preparation;
- Translation and legalization (if necessary);
- Registration in the Commercial Register;
- VAT registration;
- Accounting services and legal consultations.
Frequently Asked Questions (FAQ)
Usually between 3 and 5 business days if all documents are available.
Yes. There is no requirement for the manager to be a Bulgarian citizen or a permanent resident.
They depend on the specific activity but usually include accounting services, bank fees, and taxes.
Contact Us
If you are looking for a reliable partner for company registration in Bulgaria, contact us via:
- The contact form at mediabg.bg;
- Email: info@mediabg.bg.
We will assist you with professionalism, integrity, and a personal approach.
Company Registration for Foreign Citizens
We handle all the documentation and legal procedures to register your business quickly and efficiently.
179€ | 350BGN.
Request a Free Consultation