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Steps for Setting Up a Single Person Private Limited Liability Company in Bulgaria - (EOOD) |
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1 |
Decide on your company name and check in the current registers if it is available. If yes, then reserve that name for your company and keep your confirmation slip. |
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2 |
Compose Memorandum of Association |
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3 |
Form your company share capital of minimum 2 Bulgarian Leva, a little more than 1 Euro |
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4 |
Obtain your bank deed confirming that the registered capital has been paid |
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5 |
Appoint your management body |
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6 |
Obtain your registration in the Trade register |
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7 |
If needed, get a permit for your activities: some activities require issuance of a permit from competent government bodies before entering your company in the commercial register (Investment brokerage for example). |
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8 |
Wait for the publication of your registration in Trade register |
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9 |
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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10 |
Register at the territorial division of the National Social Security Institute (NOI) |
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This is it – by that time you should have a fully functional company |
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Notes |
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1 |
Normally, this whole process takes about 5-10 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. |
