Bulgaria

Bulgaria is one of the most popular jurisdictions for registering a company because it is very friendly to start business abroad. With a territory of 110.994 km2 (42.855 sq. miles), Bulgaria is 16th-largest country in Europe.

Bulgaria is a member of the European Union, NATO, and the Council of Europe; it is a founding state of the Organization for Security and Co-operation in Europe (OSCE) and has taken a seat on the UN Security Council three times. Its market economy is a part of the European Single Market and mostly relies on services followed by industry—especially machine building and mining—and agriculture.

Type of company Limited Liability Company ODD/EOOD
Relevant Companies Law Republic of Bulgaria, Commercial Law, Chapter 13
Register address Bulgarian law requires companies to provide a local address
Language of the corporate documents Bulgarian and translation documents into English with notary certification and apostil
Currency BGN (pegged to the EUR)
Corporate tax rate 10% for individuals and corporations
Obligation to appoint company secretary Not required
Obligation to appoint company director Required
Obligation to appoint local company director Not required
Minimum number of directors 1
Obligation to register shareholders Required
Minimum number of shareholders 1
Obligation to prepare financial reports Required
Obligation to submit financial reports Required
Obligation to hold annual assembly Required