Bulgarian Resident Company Formation
Bulgaria, officially the Republic of Bulgaria, is a country in southeastern Europe, bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The capital and largest city is Sofia, and other major cities are Plovdiv, Varna, and Burgas. With a territory of 110,994 square kilometres (42,855 sq. mi), Bulgaria is Europe’s 16th-largest country.
Member of NATO, the Council of Europe, and the European Union since 2007, Bulgaria has a strategic location, allowing investors to access the entire EU and the markets of central and Eastern Europe, having a predictable and stable economy and government. This makes it an ideal location for a Bulgarian Resident Company.
Bulgaria has one of the most liberal tax regimes in Europe. The corporate income tax is 10%, making it the lowest in the EU, and the dividend tax is only 5%. Individuals owe only 10% tax on their earnings, making Bulgaria an attractive destination for Bulgarian Resident Companies.
Bulgaria has signed agreements to avoid double taxation (AADT) with more than 70 countries, providing favourable tax treatment for Bulgarian Resident Companies engaged in international business.
Bulgaria Limited Liability Companies are not considered offshore companies, underscoring the legitimacy and transparency of Bulgarian Resident Companies within the country.
A Bulgaria Private Limited Company (OOD) resembles a British limited liability company. Foreigners receive limited liability and can own all shares in an OOD, making it a preferred choice for Bulgarian Resident Companies.
Single-shareholder companies are also available and are called ‘EOOD” companies in Bulgaria. In an EOOD company, the sole shareholder can also be the only director of the company, and this flexibility is advantageous for Bulgarian Resident Companies, especially if they have foreign owners.
The establishment of Bulgarian Resident Companies benefits from Bulgaria’s strategic location and business-friendly environment, making it an attractive destination for investors.
Bulgarian Resident Companies contribute to the economic growth and development of Bulgaria, promoting its status as a hub for international business and investment in southeastern Europe.
The presence of Bulgarian Resident Companies enhances Bulgaria’s reputation as an ideal location for entrepreneurs and businesses seeking to establish themselves within the European market and beyond.
For additional information about Bulgarian Resident Company, you can check the site Consil Formation.
Advantages of Bulgarian Resident Company Formation:
If you are interested in the Bulgarian Resident Company Formation, you can contact us any time.
Summary of Bulgarian Resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Liability Company (Eood/ood) |
| Corporate Legislation | Article 63 ff. of the Bulgarian Commercial Act |
| Taxation | Standard Corporation Tax – 10% Tax on Dividends – 5% Standard VAT rate – 20% |
| Currency | Standard Currency BGN |
| Paid up capital requirement | Paid up capital required only 1 EUR |
| Time zone | GMT (UTC) +2 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional (can provided by Consil Formation) |
| Local Secretary required | No |
| Registered office required | Yes, local |
| Share Capital | |
| Standard Currency | BGN |
| Standard Authorized Capital | BGN 2 |
| Minimum paid up capital | BGN 2 (1 EUR) |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | No for Small or Medium Sized Enterprises (SME) |
| Accounts public accessible | Yes |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Bulgarian Resident Company
- Document Notarization per document:
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.