Bulgaria, with its strategic location in Europe and attractive business conditions, is becoming an increasingly popular destination for entrepreneurs seeking to register their companies in the European Union.
One of the most common business forms is the Limited Liability Company (LLC), and the LLC registration process in Bulgaria is quite simple and efficient.
In this article, we will take a detailed look at the main stages and requirements for registering an LLC in this country.
First of all, before starting the registration process, it is important to define the basic parameters of your company.
This includes the company name, place of incorporation, number of founders, and their role in the company. It is also necessary to determine the size of the authorized capital, which is usually quite symbolic (from 1 lev) and can be paid in different ways.
Choice of Legal Address and Founders
Bulgaria requires every company to have a legal address within the country. This can be a commercial property or a residential address, but it is important that it is registered and available for official notices.
A company can have one or more founders, who can be natural persons or legal entities. They can be citizens of any country and do not necessarily have to live in Bulgaria.
Preparation of Documentation
The main part of the process is the preparation of the necessary documentation. Key documents include:
Articles of Association: This is the main document that contains information about the company, including its structure, activities, and operating conditions.
Draft Constituent Act: A document that defines the rules and conditions of the company’s operation and the rights and obligations of the founders.
Power of Representative: If one or more founders represent the company through an authorized representative, documents must be provided to confirm this, usually a power of attorney.
Registration in the Trade Register ( Trade register )
The official register of companies in Bulgaria is known as the Trade Register. To register an LLC, all necessary documents must be submitted to this register. Registration times may vary, but the process usually takes several weeks.
Obtaining registration certificates and Identification Number
After successful registration of the company in the Trade Register, a Registration Document – Certificate is received.
This document contains information about the company and its status. An Identification Number is also obtained, which is a unique company number in Bulgaria.
Obtaining a Tax Number and Registration with the National Agency for Prykhodyte (NAP)
After receiving the Registration Document, an application for obtaining a tax number should be submitted to the National Tax Agency.
This number is necessary for conducting taxation and other financial transactions.
Opening a Bank Account
The last step is to open a bank account for the company. The bank will require a Registration Document, Identification Number, and other documents for opening an account. This process is already directly handled by the director of the LLC.
Considering the fact that it is not easy for foreigners in Bulgaria to open bank accounts for LLCs, we offer the service of opening such an account without obstacles, having partner banks all over Bulgaria.
The process of registering an LLC in Bulgaria is quite simple and efficient. With proper preparation and timely submission of documents, you can quickly create a company and start doing business in this promising European country.
Due to the attractive conditions for investors and entrepreneurs, Bulgaria is becoming an attractive choice for those looking for new opportunities in the international market.
Legal Company “Prikhodko and Partners”: Your Reliable Partner in Opening an LLC in Bulgaria
Are you looking for professional consultants to open a Limited Liability Company (LLC) in Bulgaria? Law firm “Prikhodko and Partners” is your best choice for successful registration and starting a business in this promising European country.
- Professionalism and Experience:
“Prykhodko and Partners” has many years of experience in providing legal services in the field of opening and maintenance of LLCs in Bulgaria. Our experts have in-depth knowledge of local laws and procedures, which ensures a successful registration for our clients.
We understand that every business is unique. “Prikhodko and Partners” provides an individual approach to each client, taking into account their needs, peculiarities, and strategic goals. We work on profitable solutions aimed at the success of your business in Bulgaria.
From consultations and preparation of documentation to registration in the Targovski Register and opening a bank account – we provide a full range of services for opening an LLC in Bulgaria. Our team will provide you with the highest level of support every step of the way.
We understand that time is money. Prikhodko and Partners works quickly and efficiently, simplifying the process of opening an LLC and allowing you to quickly start your business in Bulgaria.
Choose Reliability and Professionalism from “Prikhodko and Partners”! Let your business in Bulgaria start with the successful opening of an LLC with us.
Our competent team is ready to provide you with comprehensive support and ensure the efficient launch of your enterprise. Contact us – your success is our priority!