Key words: registration of limited liability company, Bulgaria, lawyer, company law
According to Bulgarian law, a foreigner is allowed to establish a limited liability company (llc.) in Bulgaria. The establishment can be done remotely without the need for the founder to come to Bulgaria, which is possible by power of attorney.
Еstablished advantages of this company form:
- Can be registrated by one single owner or by two or more partners.
- The founders have limited liability for the obligations of the company.
- Тhe company can be established with a minimum capital of BGN 2 (EUR 1).
- Facilitated management and decision-making by the company’s bodies unlike a joint-stock company.
Based requirements:
It is necessary for the company to have an address in Bulgaria and to open an account in a Bulgarian bank to which to pay the selected amount of capital. It is also necessary that at least one manager of the company is elected.
Balabanova Law Firm will prepare all the necessary documents for the establishment of the company. It is possible to open a bank account of the company through a notarized power of attorney.
Once all the required documents are ready, the company will be entered in the Commercial Trade register.
After the registration as an additional service, it is possible for the company to register for VAT with the National Revenue Agency.
Lawyer Balabanova is a PhD student in Company law and specializes in the Company law field.
The lawyer’s fee for registration of limited liability company in Bulgaria plus the fee for registration with the Registry Agency is a total of 350 euros.
For more information: margarita@balabanova.bg or tel. number +359 88 33 28927
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