How to Register a New Company in Bulgaria

Do you plan to start a new company in Bulgaria? Are you confused on how to establish a company successfully and in accordance with the state laws? There are number of key factors that need consideration when you think of starting a new company, such as business entitle, state laws, income tax and many more.

Here are a few simple steps that will give you a brief idea on how to begin with the process to register company in Bulgaria- Firstly, you need to search for a unique name for your company. The Bulgarian companies have two different names- one in Bulgarian and another one in a different foreign language of your choice. So, you need to choose a distinct name which is not in use already and it will ease down the registering process to a large extent

Once you have found a unique name for your new company, the next important step is to find a lawyer or tax consultant. Generally, the lawyers charge more fees than the tax consultants. But, the only difference is the consultants provide you with expert advice on other things also like- VAT, cheap work force and how to get cheap insurance, etc.

The next step is to open a bank account in a Bulgarian bank. It is one of the necessary steps needed to start a company in Bulgaria. So, get all your documents and create an account with one of the Bulgarian banks Also, you need to get some of the documents notarized and signed as per the requirement. And, then you need to pay the trade tax for registering the company

The next and final step is to submit all the documents to the Bulgarian Trade Register. You can easily find a office in major cities of Bulgaria such as Sofia, Varna, Burgas etc, so it is a quite easy process

If everything is fine, your new company will be registered in a few days.Yet another option is to take help from a professional agency. It is an easily understandable fact that for a businessperson taking time out of busy schedules and fulfilling the necessities of register company in Bulgaria is not an easy task.

And, seeking advice from a professional agency can ease the process to a large extent. Hiring a local Bulgarian firm is advantageous because they are well acquainted with the laws and regulations and can help you seep through the registration process the easy way. A number of consulting companies are operating throughout Bulgaria.

You just need to find a reputed firm that understands your requirements and gives you the best advice in order to make your dream of starting a new business venture in Bulgaria a reality.

Olsen and Partners is a reputed company that offers payroll services, accounting services, tax services, business finance and advisory services, etc. They even help with company formation in Bulgaria. They strive to offer personalized services.