Cost of setting up a company in Bulgaria

Average cost of setting up a private limited liability company is around 800 Euros. Normally the registration process takes about 2-3 weeks to be fully completed. Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 5,000 Leva.

Cost of hiring an accountant in Bulgaria

Accountants charge an average of 200-1000 Leva monthly depending of weather they work part-time or full-time for the investor. All companies in Bulgaria, regardless of weather they are operational or not are required to file a yearly tax return with the tax administration.

Cost of opening a bank account in Bulgaria

Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 5,000 Leva. The banks normally charge around 20-50 Euros for the account opening procedures and for the issuing a confirmation letter certifying that the money has been deposited

Cost of translation service in Bulgaria

As Bulgarian is the only language that is accepted by the Bulgarian courts, oftentimes investors want their incorporation paper to be translated in English so they can understand their content. Approximate cost of this service is around 5-10 Euros per page.

Cost of VAT registration in Bulgaria

Companies with turnover of more than 50,000 Leva a year are required to register for VAT. This procedure takes about 2-3 weeks to complete and costs around 300 Leva.