What is needed to register a business in Bulgaria?

The Commercial Code allows the following company systems for investors: 

·         Unlimited Partnership 

·         Limited Company  

·         Company limited by shares 

·         Limited Liability Company / OOD /  

·         Sole Proprietorship with Limited Liability / EOOD / 

·         Public Limited Companies / AD /

Moreover, the following company systems are legally recognised:

·         Joint venture 

·         Subsidiary Representation

·         Trade Representative

·         Sole Proprietor / ET / 

·         Cooperation

The most suitable trade organisations systems are the Limited Liability Companies and the Public Limited Companies

Limited Liability Companies (OOD and EOOD): the minimum capital allowed to establish an OOD or EOOD is BGN 5 000 (equivalent to 2500 euro).
 
Bulgarian and foreign entrepreneurs should register one of the aforementioned trade organisations with:

·         the district court’s the trade register 

·         the register agency (National Statistical Institute) under the BULSTAT registration system for the issue of an identification number 

·         the National Social Insurance Institute, for employees on the payroll 

·         the Tax Department for taxation purposes 

·         customs, in case there is any foreign trade activity