Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
BUY A READY-MADE BUSINESS (FIRM) IN BULGARIA
Buying a ready-made business in Bulgaria is a great way to get started quickly in a country with an attractive tax climate and access to the European Union market.
In this article, we will share in detail the experience of the law firm “Prikhodko and Partners” on the process of buying a company, its features, complexities, and how we can help you in this process.
How to buy a company?
Buying a ready-made company in Bulgaria involves several basic steps:
- Search for a suitable business: determining the sector of activity and selecting a company that meets your needs.
- Company verification: legal, financial and tax audit to identify possible risks.
- Signing the purchase and sale agreement: The agreement establishes the terms of the transfer of ownership of the company.
- Registering changes in the registry: After signing the contract, the new owner is registered with the relevant authorities in Bulgaria.
According to statistics, about 40% of foreign investors choose to buy a ready-made business instead of creating a new one due to significant time savings and reduced risks.
What documents are required?
To purchase a ready-made company in Bulgaria, you need to prepare:
- Buyer’s personal documents: copies of passport, confirmation of residence address.
- Company registration documents: charter, registration certificate, extract from the trade register.
- Company financial statements: balance sheets, profit and loss statements.
- Purchase and sale agreement: It states all the details of the deal.
- Permits and licenses: If the company operates in a regulated sector, appropriate licenses are required.
Basic requirements for the owner and director
Bulgarian legislation sets the following requirements:
- Owner: An individual or legal entity can own a business without restrictions on citizenship.
- Director: The director can be either a resident or a non-resident of Bulgaria. In some cases, banks require the appointment of a resident director to open accounts.
- No criminal record: The owner and director must have no record of financial or criminal violations.
Re-registration procedure and deadlines
The process of acquiring a company typically includes:
- Company verification: The audit takes from 5 to 15 business days.
- Preparation of documents: signing the purchase and sale agreement and collecting the necessary documentation.
- Registering changes: Re-registration of a company in the Bulgarian Commercial Register takes about 3-5 business days.
- Final design: changing data in bank accounts and tax authorities.
The total time for purchasing a ready-made business in Bulgaria is from 2 to 4 weeks.
How much does it cost to buy a business in Bulgaria?
The price of a ready-made company depends on:
- Type of business: New companies with no history cost between €1,500 and €3,500. Companies with assets or a history of operations can cost significantly more.
- Legal services: Legal support will cost from 1,000 to 3,000 euros, depending on the complexity of the transaction.
- Additional costs: payment of registration fees, document translations and other administrative costs.
The main difficulties when purchasing a legal entity
Among the main difficulties can be identified:
- Legal risks: hidden debts, lawsuits or licensing issues.
- Language barrier: Documentation and negotiations are often conducted in Bulgarian.
- Bank requirements: difficulties with opening a bank account for new owners.
- Tax obligations: verification of the correctness of tax payments by the company.
Lawyers at “Prikhodko and Partners” help avoid these problems through thorough audit and transaction support.
Is there an alternative?
If buying a ready-made company is not suitable, you can consider alternatives:
- Registration of a new company: this gives more control but takes more time.
- Creating a partnership: cooperation with local companies to enter the market.
- Using nominal services: for a quick business launch without being tied to administrative processes.
How do we help with purchasing a legal entity in Bulgaria?
The law firm “Prikhodko and Partners” offers comprehensive support:
- Company selection: market analysis and selection of the best option.
- Company verification: legal and financial audit to minimize risks.
- Legal support: preparation of documents, consultations and representation in government bodies.
- Accounting: analysis of tax reporting and support in further business management.
- Post-purchase support: assistance with opening bank accounts, licensing and registering changes.
We have helped over 100 clients successfully acquire ready-made businesses overseas.
Contact “Prikhodko and Partners” for professional assistance at every stage of the transaction. We will ensure transparency, speed and security of your business.
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Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
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Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
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Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
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