We Offer

Consultations and Assistance regarding:

  • Company papers
  • Arbitration procedures
  • Company reorganizations
  • Restructuring before bankruptcy
  • Cross-border mrgers and acquisitions
  • Medical responsibility
  • family law, including international family law

How to register a company in Bulgaria

Thanks to the Bulgarian state, corporate procedures in the country are adequate to the rapidly changing world, facilitating and encouraging foreign investment in the country.

The current regulations in the Republic of Bulgaria provide for the possibility of creating different types of trading companies, among which the most commonly used are:

  • Limited Liability Company (abbreviated – OOD)
  • Joint Stock Company (abbreviated as AD)

The first phase of setting up a new company is to choose the type of company among the ones provided by the Bulgarian legislation, as well as to have clarity on the following specific elements of incorporation:

  • the name of the company;
  • the seat and address of the business;
  • the subject of activity;
  • the period for which the company is established, if any;
  • the names of the members;
  • the amount of capital;
  • the terms and conditions for the payment of the authorized capital;
  • the size of the shareholdings for the individual partners;
  • to be elected and appointed manager of the company;
  • the rights and obligations of the partners and their privileges, if contractual

Once the above specifics have been defined, it is necessary to visit a notary public to verify the signature of the company manager, to sign the memorandum of association, and any powers of attorney, if any.

Following is a visit to the selected bank to deposit the authorized capital of the company into a special fundraising account.

In Bulgaria, the minimum authorized capital for the registration of a limited liability company / OOD / is only BGN 2 (approximately EUR 1), while for a joint stock company the minimum authorized capital is BGN 50,000 (approximately EUR 25,000).

As soon as the certificate of paid-in capital is received from the bank, all documentation is deposited in the Commercial Register, with the Registry Agency, which registers the new company, usually within about 3 days. VAT registration is done after the company is established.

The company must later be included in the VIES archive.

In fact, in order to be able to carry out intra-Community transactions, VAT entities must make an explicit request, an operation that is concluded within approximately 20/25 days of the date on which the request is sent.

Once the VIES registration is successful, the company is fully operational and will be able to issue and receive invoices within the EU.

We work together with you

A. Effe. Consulting professional team helps to achieve the economic results of companies, solve their problems, including legal and accounting, develop new projects of companies on the European and Russian horizons, and thus the growth of both entrepreneurs and of business.

The achievement of these goals is through:

  • Ongoing monitoring of investment opportunities including through market research and legal and economic analyzes;
  • Managing problems related to changing markets and developing innovation,
  • Consolidation of business from a legal and economic point of view;
  • Company discounts on the company;
  • Financial, legal, property and tax management of the company.