Even if you are not located in Bulgaria but still want to found a company here there is a possibility to do that without visiting the country. It is a little bit more complicated but not impossible – the company’s Director just needs to visit Bulgarian Embassy or Consulate.
According to the Bulgarian law you can start a company with 2 BGN (€1) which would be a Limited Liability Company. It must be deposited in a local bank prior to the registration.
The company must have a business address in Bulgaria whereas the registration process does not require to provide any lease or ownership documents of the address.
Keep in mind that there are several monthly and annual obligations regarding your company – monthly social security tax, if registered under VAT – monthly VAT declarations, annual
financial declaration for the whole previous year at the National revenue agency and annual financial report at the Commercial register.
The use of accountant is strongly recommended. We can guide you through the whole process from creating the company to accounting.