Entities Required for Company Formation in Bulgaria

If you are seeking t establish a company in Europe then Bulgaria is the best place where the tax rate is the lowest 10% and wages are minimum about 194 Euro per month. Bulgaria is the most easily accessible country in the whole Europe for food, cloth and ambience. The cost for company formation is 180 Euros if your shareholders and manager for a new company are in Bulgaria. The cost for remote registration is 280 euros including the cost for opening capital bank account with the least needed equity capital of about 1 Eur.

You will receive the legal address of the registered company from the registration company that can be utilized for future correspondence when your company becomes active and to receive phone and fax numbers. You need to pay about 90 euros to receive the legal address. When you consult an agency for advice on create a company in Bulgaria, you can receive a complete package that includes-

a. Charges for the entire legal fees and taxes for the incorporation

b. Preparation of the essential documents in two languages

c. Submission of the documents to the commercial registrar of Bulgaria

d. Creating a start-up capital bank account with the nominal required equity capital of 1 Eur.

e. Office registration for 365 days in Sofia at the cost of 90 euros per annum or a special offer is also given to permanently register company in Plovdiv and Bourgas.

Once your company is registered you can receive the following facilities

a. Creating a current bank account and e-banking facility

b. Getting a stamp within 10 – 30 euros

c. Authentication as legally established company within 20 euros

d. Getting an insurance number of a person in abroad within 40 euros

e. Accounting and payroll services can be received for the maintenance of the accounting records. You can consult with a service provider about the cost.

For a company incorporation to be performed by a person in other country- the person can be in the European Union, outside European, when partners in the new firm will be from abroad legal agencies. After a company incorporation by a natural individual it is adequate to keep an ID card that is used to create records for the incorporation documents. The documents are developed in the Bulgarian and legal translation into the local language of the overseas person. The documents are matching to those needed by a Bulgarian person for the incorporation of the company.

For company formation Bulgaria by a person external to the European union it is essential to have a password or ID card that are used to create records for the incorporation documents in the firm. For a company development by a legal agency, you need the following entities- certificate for existing legal status provided by the country registrar for the overseas companies that keep shares of the Bulgarian company, decision by partners and shareholders of overseas firms about company formation in Bulgaria for an authorized individual, rights kept by a validated person for company incorporation by approving the documents etc.

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.