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Steps for Forming Private Limited Liability Company in Bulgaria (OOD) |
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1 |
Call a constituent assembly for the company |
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2 |
Make a decision for the establishment of a Private Limited Liability Company |
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3 |
For a single member Private Limited Liability Company only: Adopt your articles of association |
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4 |
Elect your supervisory board of directors and appoint your management |
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5 |
Subscription of the capital stock – Minimum of 2 Bulgarian Leva (about 1 Euro) |
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6 |
Opening of a bank account by the management for collecting the cash installments |
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7 |
Get a bank certificate for the installments paid – the nominal value of the capial |
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8 |
Prepare the documents for the registration in Trade Register |
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9 |
Get your entry in the commercial register. Make sure that the registration is performed within three months after the constituent assembly of the company. |
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10 |
By then the company registration is complete. But you are not completely done and there are a few more steps to complete: |
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11 |
Register at the territorial division of the National Social Security Institute (NOI). |
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12 |
This is it – by that time you should have a fully functional company |
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Notes |
|
1 |
Normally, this whole process takes about 20-30 working days. |
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2 |
We would recommend that you hire a local lawyer or a consulting company, familiar with such issues, to register your company with you. There is some paperwork involved and sometimes simple omissions (like a Xerox copy of your passport) could cause delays. Please feel free to contact us should you need assistance with this process. |
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3 |
We
strongly
recommend
that
you
use
the
services
of a
local
accountant,
familiar
with
Bulgarian
regulation,
to
keep
track
of
your
company's
books
and
meet
all
other
government
requirements
that
you
would
not
otherwise
be
familiar
with.
Example:
yearly
tax
reports. |
