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Registering Company in Bulgaria
Step-by-step Guide to Forming Private Limited Liability Company in Bulgaria

   Steps for Forming Private Limited Liability Company in Bulgaria (OOD)

1 Call a constituent assembly for the company
2 Make a decision for the establishment of a Private Limited Liability Company
3 For a single member Private Limited Liability Company only: Adopt your articles of association
4 Elect your supervisory board of directors and appoint your management
5 Subscription of the capital stock Minimum of 2 Bulgarian Leva (about 1 Euro)
6 Opening of a bank account by the management for collecting the cash installments
7 Get a bank certificate for the installments paid the nominal value of the capial
8 Prepare the documents for the registration in Trade Register
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.
10 By then the company registration is complete. But you are not completely done and there are a few more steps to complete:
11  Register at the territorial division of the National Social Security Institute (NOI).
12 This is it by that time you should have a fully functional company

   Notes

1

Normally, this whole process takes about 20-30 working days.
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.
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.

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