Company Formation Guide | BizportEU.com

Why Bulgaria?

10%

Corporate Tax Rate

Flat rate, one of the lowest in the EU.

5%

Dividend Tax

Withholding tax on distributed profits.

Choosing a Structure

1

EOOD (Sole Owned LLC)

Best for solo founders/nomads. You are the 100% shareholder and director.

2

OOD (LLC)

For 2+ partners. Shares are divided between owners. Similar liability protection.

3

Variable Capital Company (DPK)

Designed for Startups. Flexible capital, simplified share transfers, and options for employee stock pools (ESOP).

The 5-Step Process

1. Name Reservation

Check availability in the Commercial Register. Name must be unique within Bulgaria.

2. Registered Address

You must have a physical address for NRA correspondence. PO Boxes are illegal.

Pro Tip: Use a Virtual Office service to keep your home address private and ensure mail compliance. See Sofia Launchpad

3. Drafting Documents

Prepare Articles of Incorporation (Bilingual), Specimen of Signature (Notarized), and Declarations.

4. Capital Deposit

Open a fundraising account and deposit the minimum capital.

Minimum Capital: Statutory requirement is 2 BGN (~€1), but we recommend depositing €50-100 to cover initial bank fees.

5. Commercial Register Filing

Pay state fees and submit. Processing takes 3-5 days (allow up to 3 weeks if documents require translation).

Can I do this remotely?

Yes. You do not need to visit Bulgaria. We can represent you via a notarized Power of Attorney (PoA), which you can sign in your home country (embassy or local notary with Apostille).

Check Remote Operator Package

Company Formation Guide for Non-Residents