FAQ's
Can foreigners register a company in Bulgaria?
Any foreign company or person can register a business activity in Bulgaria.
Can I have foreign investors if I register my company in Bulgaria?
Yes! An investor can be a person who is a:
- Bulgarian citizen;
- Citizen of a European Union country;
- Citizen of a non-European Union country.
What is the legal status of foreign-owned businesses in Bulgaria?
Companies registered in Bulgaria are considered Bulgarian legal entities and must abide by local laws and regulations.
What are the stages of establishing a company?
There are two basic stages to open a company in Bulgaria:
- Documentation preparation;
- Company registration in the Registry Agency.
What type of company can I register?
There are five major types of companies in Bulgaria:
- Limited Liability Company (GmbH);
- Single-Member Limited Liability Company (UG);
- Joint Stock Company (JSC);
- General and Limited Partnerships;
- Sole Proprietors.
What type of company is the most beneficial?
At Magna Corporate Management, we advise our clients to establish a GmbH or UG because:
- The minimum required capital is €1, which must be deposited in a local bank;
- The shareholder/s is only liable with the company’s share capital;
- Business owners can use a virtual office service as the headquarters of their company;
- There are no annual fees for keeping the company’s incorporation.
How long does it take to register a company in Bulgaria?
We need two to three days to prepare the necessary paperwork (bilingual texts included). Once all documents are ready, signed, and certified, and a bank account is open, we have one business day (the legal deadline) to register the new company at the Commercial Register.
Do you provide correspondence and secretarial services?
Yes! For more information, please contact us via email, and one of our representatives will return to you as soon as possible.
Can I be the owner and manager of my company?
Bulgarian law allows sole proprietors to be the managers of their companies. However, you can also choose to hire a manager or outsource management. The choice is entirely yours.
