Bulgaria has become a prime destination for entrepreneurs and investors looking to form a company in the European Union while benefiting from one of the lowest corporate tax rates in Europe. With a flat 10% corporate income tax, low operating costs, and access to the EU single market, Bulgaria offers a strategic and cost-effective base for international business operations. This Frequently Asked Questions (FAQ) page is designed to provide clear answers to the most common inquiries about forming a company in Bulgaria.
Whether you’re launching a startup, relocating a digital business, or establishing a European subsidiary, Bulgaria provides a straightforward company formation process and a business-friendly regulatory environment. Foreign investors are allowed 100% ownership, and incorporation can be completed quickly—often within just a few business days. The most common business structure is the Limited Liability Company (OOD or EOOD), which offers limited liability protection and operational flexibility.
To help you better understand the process, this FAQ covers essential topics such as required documentation, minimum capital, registration steps, bank account setup, accounting obligations, and tax compliance. It also addresses important considerations for foreign nationals, including whether a local director is required and how to manage a company remotely.
Bulgaria is especially appealing for IT services, e-commerce, consulting, and trading companies that seek low tax burdens within an EU jurisdiction. With a growing infrastructure, skilled workforce, and competitive labor market, Bulgaria continues to attract global entrepreneurs.
Use this FAQ as a practical guide to navigate Bulgaria’s incorporation requirements and ensure you’re fully prepared to start your company smoothly and legally. Explore the most relevant questions and answers below to gain valuable insights into the Bulgaria company formation process.
Frequently Asked Questions About Bulgaria Company Setup
This FAQ guide offers key insights into Bulgaria company formation for entrepreneurs, startups, and international businesses looking to establish a presence in the European Union. It answers the most common questions about forming a limited liability company (OOD or EOOD), foreign ownership rules, required documents, tax benefits, and registration timelines. Bulgaria is known for its low 10% corporate tax rate, affordable business setup costs, and access to EU markets. Whether you’re opening a consulting firm, tech startup, or e-commerce business, this resource helps you navigate the legal and administrative process of company registration in Bulgaria with confidence.

1. How do I register a company in Bulgaria as a foreigner?
To register a company in Bulgaria as a foreigner, you need a valid passport, a local address, and a Bulgarian bank account to deposit share capital. The process includes drafting articles of association, notary verification, and registering with the Bulgarian Commercial Register. No local partner is required—foreigners can own 100% of the company.
2. What is the minimum share capital for a company in Bulgaria?
The minimum share capital to register an OOD (Limited Liability Company) in Bulgaria is BGN 2 (approx. €1). This makes Bulgaria one of the most accessible EU countries for startups and small businesses.
3. What are the benefits of opening a company in Bulgaria?
Benefits include a flat 10% corporate tax rate, low labor costs, EU membership, 100% foreign ownership, and access to EU trade agreements. Bulgaria is ideal for IT services, e-commerce, and international trading companies.
4. How long does it take to incorporate a company in Bulgaria?
It typically takes 3 to 5 business days to complete Bulgaria company incorporation, provided all documents are in order and notarized. Some agencies offer expedited service within 24 to 48 hours.
5. Can a foreigner own 100% of a Bulgarian company?
Yes, foreigners can own 100% of a company in Bulgaria. There are no restrictions on foreign ownership or control, making it a highly attractive jurisdiction for international entrepreneurs.
6. Do I need a local partner or director to open a company in Bulgaria?
No, a local partner or director is not required. A foreign individual or legal entity can be the sole owner and manager of a Bulgarian company.
7. What type of company is best for foreign investors in Bulgaria?
The most common and recommended structure for foreign investors is the OOD (Limited Liability Company) or EOOD (Single-member LLC). These offer limited liability and simple management structures.
8. Do I need a physical office to start a company in Bulgaria?
Yes, a registered local address is required for company formation. Many providers offer virtual office or registered address services for foreign investors.
9. What documents are required to register a company in Bulgaria?
You need a passport copy, articles of association, a company name, a local registered address, and proof of deposited share capital. All documents must be notarized and translated if not in Bulgarian.
10. How much does it cost to open a company in Bulgaria?
Costs range from €300 to €1,000 depending on legal services, notary fees, translation, and government registration costs. Optional services like accounting, virtual offices, or bank assistance may add more.
11. Do I need to be in Bulgaria to register a company?
No, company registration in Bulgaria can be done remotely through a power of attorney. Many incorporation agents provide full online services, including document preparation and registration.
12. Is Bulgaria a tax haven for EU company formation?
While not a tax haven, Bulgaria offers one of the lowest corporate tax rates in the EU (10%). It is fully compliant with EU tax regulations, offering legal tax efficiency.
13. Can I open a bank account for my Bulgarian company as a non-resident?
Yes, but Bulgarian banks may require in-person identity verification. Some international banks or fintech services also allow account setup after company registration, especially if using a local agent.
14. What taxes do companies in Bulgaria have to pay?
Bulgaria imposes a 10% corporate income tax and 20% VAT. Social security contributions apply if you hire staff. Dividend tax is 5% when distributed to individuals or non-EU entities.
15. Is Bulgaria a good choice for remote and online businesses?
Yes, Bulgaria is an excellent choice for remote entrepreneurs and online businesses due to its low tax rate, affordable setup, EU access, and growing digital infrastructure.
Interested in setting up an offshore company in Bulgaria?
Visit our Bulgaria Company Formation page for detailed guidance, packages, and expert support tailored to your needs.
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