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Legal form:



3 months

Price: $


Payment methods:

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Document checklist:

Local legal address (Handled by B2B Hub) 

2.Proof of Residence 


Organization name

Republic of Bulgaria Registry agency





0 700 121 07

UK comapny formation (1).webp



Official languages

ISO 4217




Bulgarian Lev



Here are some frequently asked questions about company formation in Bulgaria:

1. What types of companies can be formed in Bulgaria?

- There are several types of companies that can be formed in Bulgaria, including limited liability companies, joint stock companies, sole proprietorships, and partnerships.

2. What is the minimum capital requirement for forming a company in Bulgaria?

- For limited liability companies, the minimum capital requirement is 2 Bulgarian Lev (BGN), which is equivalent to approximately 1 euro. For joint stock companies, the minimum capital requirement is 50,000 BGN.

3. What are the steps to form a company in Bulgaria?

- The steps to form a company in Bulgaria include choosing a company name, drafting the company's articles of association, opening a bank account, obtaining a tax identification number, registering with the Commercial Register, and obtaining any necessary business licenses.

4. Can foreigners form a company in Bulgaria?

- Yes, foreigners can form a company in Bulgaria. There are no restrictions on foreign ownership of companies in Bulgaria.

5. What are the tax rates for companies in Bulgaria?

- The corporate income tax rate in Bulgaria is 10%. There is also a value-added tax (VAT) of 20%, as well as other taxes such as personal income tax and social security contributions.

6. How long does it take to form a company in Bulgaria?

- The time it takes to form a company in Bulgaria can vary depending on the type of company and the efficiency of the registration process. Generally, it can take between 1-3 weeks to complete the registration process.

7. Is it necessary to have a local address to form a company in Bulgaria?

- Yes, it is necessary to have a local address for a registered office in Bulgaria in order to form a company.

8. Are there any other legal requirements for forming a company in Bulgaria?

- Yes, there are other legal requirements that must be met when forming a company in Bulgaria, such as obtaining any necessary business licenses and complying with Bulgarian labor laws. It is recommended to consult with a lawyer or a professional service provider to ensure compliance with all legal requirements.


"Bulgaria has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 3.2% in 2019, and is projected to grow by 3.3% in 2020. The unemployment rate has also decreased from 8.2% in 2018 to 6.9% in 2019. Inflation has remained relatively low, with an average rate of 2.2% in 2019.

The country has also seen an increase in foreign direct investment (FDI). In 2019, FDI inflows to Bulgaria totaled $3.3 billion, a 5.3% increase from 2018. This was largely driven by investments in the manufacturing and services sectors.

Overall, Bulgaria's economy has seen positive growth in recent years, and is expected to continue to grow in the coming years."


Bulgaria has a relatively low tax burden compared to other European Union countries, with a flat tax rate for both individuals and corporations. The tax system in Bulgaria is regulated by the Tax and Social Insurance Procedure Code, which is administered by the National Revenue Agency.

Personal income tax is levied on all residents of Bulgaria, including foreign nationals who reside in the country for more than 183 days per year. The tax rate is a flat 10% on all income, including employment income, business income, and investment income. There are various deductions and credits available to reduce the tax liability.

Corporate income tax is levied on all companies and businesses operating in Bulgaria, including foreign companies with a permanent establishment in the country. The standard corporate tax rate is also a flat 10% on the net taxable income. However, there are various tax incentives available for certain industries and activities, such as the promotion of research and development.

In addition to federal taxes, there are also other taxes levied on businesses operating in Bulgaria, such as the value-added tax (VAT), which is currently 20%, and various excise taxes on certain products.

The tax year in Bulgaria runs from January 1st to December 31st. The deadline for filing personal income tax returns and paying any outstanding tax is usually April 30th of the following year, while the deadline for filing corporate tax returns and paying any outstanding tax is generally March 31st of the following year.

Payments can be made online or in person at designated banks. Penalties for late payment or non-payment of taxes can range from fines to imprisonment, depending on the severity of the offense. Additionally, interest may be charged on any outstanding tax liability.

Overall, taxation in Bulgaria is relatively straightforward and transparent, with a low tax burden compared to other European countries. It is important for taxpayers to consult with local tax advisors or government authorities to ensure compliance with the relevant tax regulations.

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