Company Formation - How to form / set up a new Limited Liability Company in Bulgaria?

One shareholder for a Sole Limited Liability Company (EOOD) and at least 2 or more shareholders for a Limited Liability Company (OOD) are required to set up the company. The shareholders may be individuals or companies. They also could be foreigners. The minimum share capital is BGN2.00, with the minimum nominal value of BGN1.00 a share.

The first step in forming a new Company is its registration in the Central Commercial Register at the Registry Agency of the Ministry of Justice. Application for registration of EOOD / OOD may be filed in each of the regional offices of the Registry Agency, no matter where the seat of the Company will be. The application form should be stated by the manager / managers of the company or by a lawyer with explicit written authorization (recommended). The application for registration and its attachments may be submitted on paper or in electronic form. They must be applied in Bulgarian language. The documents can be filed in any official European Union language as well, but together with a certified Bulgarian translation.

Registration Officer shall review the application and shall rule on it. Usually takes 3 to 5 working days after submitting the documents.

Circumstances, subject to entry:

Company name, written in Bulgarian and Latin; 
Seat and registered office indicating the state, city, postal code, district, municipality, region, street, house number, number of managements' s apartment. If you wish can point phone, fax, email, website; 
Subject of activity; 
The main activity under the National Classification of Economic Activities; 
Managers - name and ID / PNF; 
Method of representation - together and / or separately; 
Company duration; 
Partners - name and ID / PNF, company name and UIC code of members, and the size of theirs holding; 
Capital - the amount and paid-in capital.

Enclosed to the application should be applied:

The articles of association (company contract); 
Document establishing the existence of a legal entity – partner (when one or more partners are companies); 
Decision of the authority of the legal entity - partner to participate in a limited liability company (when one or more partners are companies); 
Decision of the General Assembly or the Sole Shareholder to appoint a manager or managers; 
Notarized consent and sample of the signature of the manager / managers; 
License or permission, when carrying out certain activities require authorization of state authority; 
Bank document for the deposited capital.

Please Note: You can withdraw the deposited capital right after the Company registration and receiving the actual Company statute document at the Registry Agency.

Taxes for registering new Ltd. Company:

In connection with the registration procedure Ltd will be charged a fee:

Upon application for registration of circumstances on a limited liability company (A4) in the amount of 160 BGN for manually submitting / 80 BGN electronically.
Upon application for reservation of company name (D1) in the amount of 50 BGN for manually submitting / 25 BGN electronically.
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