Company registration- Now a thing to do just in one day

Company formation refers to a process of incorporation of a business in Bulgaria that refers to company registration. These terms are used while incorporating a business. Following a Bulgaria company law and most international law, corporation is considered as an entity that is separate from the people who own or run a company.

In the present time, most of companies in Bulgaria are created on the same day electronically. The companies established by individuals, specialized agents, solicitors or accountants. The solicitors and accountants subcontract incorporation external to specialized company production agents. The agents offer company formation packages for below hundred Euros. The cost of carrying paper filling directly with companies house is 20 Euros. This charge doesn’t include the cost of spectator documents or preparation of memorandum and articles of association for company that would be conducted by a solicitor or accountant. Creating a company through paper filling process takes around four weeks.

Following the section 9 of Companies act 2006, people who are starting a company should send the required documents with the registration fee to the registrar of companies.

The articles of association describes a document in which rules for operating the company are included. The company’s articles given to Registrar should be attested by all subscribers in front of a witness who should also sign it. In case the articles are not registered for a newly established company, default articles will be registered that can be selected to be included. The procedure was introduced by a company registration Bulgaria agency.

Memorandum includes the names and signs of the subscribers who wish to establish a company and if a company is limited through shares, an obligation by the subscribers to take at least a single share. A draft template is offered on registrar site. It shows the establishment procedures of the company and its structure. Or we can say that is considered the charter or constitution of the company as it states the objectives of a company accurately and specifically, stating the scope of its connection with investor and external world.

The electronic process is conducted using a suitable software that is fit for using the company formation form filling service and an account with the registrar. The formation agents have direct links into the Companies House to check out the company name, and submit the company. Various agents differ in their processes shown in their website and software implementation. The list of procedures for starting a company is explained by the agent.

An agency for company formation Bulgaria offers you to establish company in the following options: public limited company, private company limited by shares, company limited, unlimited company, limited liability partnership, limited partnership, community interest company, European economic interest grouping.