How to Register a Company Remotely in Bulgaria

Bulgaria, with its favorable climate for entrepreneurial activities, has established itself as a preferred destination for entrepreneurs and investors attracted by the opportunities of a dynamic market. With one of the lowest corporate tax rates in Europe and a welcoming environment for businesses, it offers significant advantages for those looking to start or expand their operations on the continent.

Accountancy Bulgaria, financial advisor in Bulgaria, offers a fully online business registration service. Before looking at how to request it and what documents are needed, let’s see why Bulgaria is a choice location for setting up a company.

The Advantages of Register a Company Remotely in Bulgaria

Bulgaria, a member of the European Union since 2007, has established itself as an attractive destination for international investors thanks to a series of economic reforms and a business-friendly environment. Its strategic position at the crossroads of Europe and Asia makes it a privileged access point to the European Union markets and the growing markets of the Balkans and the Middle East.

One of the most attractive features of Bulgaria is its competitive tax policy. With a flat corporate tax rate of 10%, one of the lowest in the EU, Bulgaria offers a fiscally advantageous environment for companies, both newly established and expanding. This simple and low tax regime not only facilitates greater profit retention but also makes it easier for companies to reinvest and grow in the local and international market.

In recent years, Bulgaria has made significant progress in improving its business environment. According to the World Bank, the country has simplified the business start-up processes, reducing the number of procedures and the time required to start a legal business. Additionally, the legal system offers transparency and a degree of predictability for foreign investors.

Read also: Fines for Violations of Accounting and Tax Regulations in Bulgaria

Remote Company Registration Process in Bulgaria

The remote company registration process in Bulgaria involves five main steps.

• Step 1: Planning and Initial Consultation: The first step to register a company in Bulgaria is the initial consultation with an expert advisor like Accountancy Bulgaria. During this phase, the client’s business goals, the optimal corporate structure, and relevant legal and fiscal issues are discussed. It is essential to have a clear understanding of the requirements and expectations to ensure that the registration process proceeds smoothly.
• Step 2: Preparation of Incorporation Documents: Drafting the incorporation documents is crucial. These documents, which include the company statutes and other organizational agreements, must be carefully prepared to comply with all Bulgarian regulations. With the assistance of Accountancy Bulgaria, these documents can be prepared entirely online, ensuring that every legal aspect is covered.
• Step 3: Online Registration and Digital Signature: Thanks to modern technologies, the incorporation documents can now be digitally signed, complying with Bulgarian legal requirements without the client needing to be physically present in Bulgaria. Accountancy Bulgaria facilitates the entire process, including remote signing and notarization of documents when possible.
• Step 4: Opening a Capital Bank Account: A fundamental element of the registration process is opening a capital bank account, which can now be done online.
• Step 5: Registration at the Commercial Register: The final formal step is the registration of the new business entity at the Bulgarian Commercial Register. This step is facilitated by Accountancy Bulgaria, which allows the team to act on behalf of the client to complete all necessary bureaucratic aspects.

After registration, it is essential to establish a legal address in Bulgaria.

Read also: Accountant for Startups and SMEs in Bulgaria: Why They Are Essential

Conclusions

Open a company in Bulgaria is made simple and accessible thanks to the fully online services provided by Accountancy Bulgaria. From a favorable economic climate to a beneficial tax system and a simplified registration process, Bulgaria offers numerous opportunities for entrepreneurs looking to expand in Europe. Accountancy Bulgaria is dedicated to supporting its clients at every stage of the process, ensuring a stress-free and completely managed remote experience.