Frequently Asked Questions
Here you should find the answers to the most commonly asked questions about starting a business in Bulgaria. If you can't find what you are looking for, contact us and we will get back to you with extended information!
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.
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.
Can I open a company remotely?
Yes, we can handle the whole process for you remotely. No need to visit Bulgaria physically.
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 service.
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.
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.
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.
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. We provide full tax compliance support.
Can I open a company bank account?
Yes. We assist with opening business bank accounts in local or online banks (BGN, EUR, GBP, USD).
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.
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).