Can a foreigner register a company in Bulgaria?
Yes. Any foreign citizen can register a company in Bulgaria. You do not need to live in the country to own a company here. This makes Bulgaria an attractive destination for international entrepreneurs looking to establish a European business presence.
How long does it take to open a company?
Normally, it takes around 3 to 5 working days if all documents are correctly submitted and in order. This quick turnaround time makes Bulgaria one of the fastest countries in Europe for business registration.
Can I open a company remotely?
Yes, we can handle the whole process for you remotely. No need to visit Bulgaria physically. Our digital-first approach means you can establish your Bulgarian company from anywhere in the world.
Do I need a Bulgarian address for registration?
Yes, every company must have a registered office address in Bulgaria. We provide this as part of our comprehensive service package, ensuring full compliance with Bulgarian commercial law.
What type of companies can I register?
The most common company type is LTD (OOD in Bulgarian), but there are other forms like JSC and sole proprietorships. We'll help you choose the most suitable structure for your business needs and goals.
Do I need to deposit a minimum capital?
The minimum capital requirement for an LTD is only 2 BGN (around £1). We can deposit this for you as part of the registration process, making it incredibly affordable to start your Bulgarian company.
Is VAT registration required?
VAT registration is not mandatory unless your annual turnover exceeds 100,000 BGN. However, EU trade and certain activities may require it earlier. We provide guidance on when VAT registration becomes beneficial for your business.
Do I need to pay taxes in Bulgaria?
If your company operates in Bulgaria, it will be subject to the flat 10% corporate income tax - one of the lowest in the EU. We provide full tax compliance support to ensure your business meets all obligations.
Can I open a company bank account?
Yes. We assist with opening business bank accounts in local or online banks (BGN, EUR, GBP, USD). Our banking partnerships ensure you get the best terms and fastest account opening process.
Can I get a debit card or online banking?
Yes. Once your company is registered, we help you access online banking and company debit cards through local banks or fintechs. Modern banking solutions make managing your Bulgarian business finances seamless.
Can I use my company to buy property in Bulgaria?
Yes, it is common for foreigners to buy property through a company, especially if it includes land (as foreign individuals cannot own land directly). This is a popular strategy for property investment in Bulgaria.