top of page
THINK BUSINESS LOGO
THINK BUSINESS COMPANY LOGO

Company Creation Overview

Create Company in Bulgaria

BULGARIA

Services in Bulgaria

  • Car brokerage for private and business vehicles for companies

  • Tax office

  • Taxation - Accounting Support

  • Insurance coverage

  • Legal Support - Notarial Operations

  • Physical location - Logistics services - Transport

  • Customs formalities - Customs clearance

  • Market Research for Companies and Products

  • Leasing services

  • Real estate brokerage

  • Transfers of vehicles

  • Subsidized EU programs

  • Funded Programs - Loans

  • Company Creation

Why Bulgaria?

  • 10% Corporate income tax: 10% (flat-rate)

  • Bulgaria avoids double taxation thanks to Double Taxation Treaties with 69 countries all over the world

  • Personal tax: 10% (flat tax)

  • 5% tax on dividends

  • Cheap Workforce

  • There are excise duties on alcohol, tobacco products, luxury automobiles, electricity, and petrol. 

Municipal councils, in the framework of law, decide on the exact amount of the local taxes:
– Municipal tax on immovable property from 0.5% to 2%
– Local tax for transfer of property from 1,3% to 2,6%

What are the most common types of Bulgarian company formation?

  • A limited liability company – either sole-owned (EOOD) or with multiple shareholders (OOD)

  • A joint-stock company – either sole-owned (EAD) or with multiple shareholders (AD)

What other requirements are there for an EOOD / OOD?

There needs to be at least one director, who is allowed to represent the company in front of all authorities; there is no requirement for the director/s to be residents of Bulgaria.

  • Monthly VAT returns should be filed if the turnover exceeds €25,000 or in case of voluntary VAT registration

  • The company should have a bank account and local address for efficient communication with the authorities

How much is share capital needed for a joint-stock company (EAD / AD)?

The minimum share capital is BGN 50,000 (approx. €25,000), of which at least 25% or €6,250 must be initially paid up, and the remainder must be paid up within 2 years of incorporation.

What are the other features of an EAD / AD?

  • The company should have at least three Board members

  • Shares can be easily transferred by endorsement to a new shareholder/s

  • An annual audit is required for all joint-stock companies

©2024 by Think Business. Proudly created by Cubis

  • Instagram Think Business
  • Facebook Think Business
THINK BUSINESS LOGO

At Think Business, we understand that businesses have unique needs and challenges that must be addressed in a personalized way.

We are committed to providing quality services and solutions tailored to our client’s specific needs.

Our team of experienced consultants and accountants is well-equipped to provide you with the insights and guidance necessary to help you succeed.

We strive to build long-term relationships with our clients and are dedicated to providing them with the highest standard of service.

At Think Business, we are passionate about helping companies reach their full potential.

bottom of page