Company Formation in Bulgaria

Bulgaria has some of the lowest tax rates in the European Union and allows Turkish citizens to set up a company with 100% foreign capital. Every company established in Bulgaria is considered a Bulgarian company regardless of its partners’ nationality, giving you direct access to the EU market.

Why Bulgaria?

• A flat 10% corporate tax and 5% dividend tax
• Formation with 100% foreign capital
• Direct access to the EU market
• Low administrative costs

Company types

• Limited liability company (OOD): founded by at least two natural or legal persons; minimum capital approximately 1 euro.
• Joint-stock company (AD): founded by at least two natural or legal persons; minimum capital approximately 25,000 euros.

Companies operate under Bulgarian company law and are entered in the Commercial Register of the Registry Agency. Registration with chambers of commerce and industry is optional.

Tax rates

• Corporate tax: 10% of annual net profit
• Dividend tax: 5%
• Personal income tax: 10%
• VAT: 20%; exports and intra-EU supplies are exempt

The flat tax rate makes cost planning easy and allows substantial savings.

How does the process work?

1. Preliminary assessment: we review your situation and documents and determine the right application route.
2. File preparation: we take care of obtaining, translating and notarising the documents.
3. Application: we submit your complete file to the competent authority.
4. Follow-up: we follow the process until it is concluded and keep you informed of every development.

Frequently asked questions

What documents are needed for a limited liability company?

• An application containing the company details
• The articles of association
• A document showing the capital paid in
• The partners' documents
• Notarised specimen signatures and declarations of acceptance of the managers
• Other documents required by law

What documents are needed for a joint-stock company?

• An application containing the company details
• Minutes of the founding meeting, as required by the Commerce Act
• Certificate of authority of the legal entity
• A document showing the capital paid in
• Other documents required by law

Do I need to be in Bulgaria to set up a company?

With your power of attorney, we handle most of the formation steps on your behalf. In the preliminary assessment, we tell you at which stages your presence is required.

Fill in the form below for a free preliminary assessment; our specialist will call you and explain the route for your file. If your documents are ready, you can also upload them for a free document review.