A convenient and efficient way to benefit from Bulgaria’s favorable tax regulations – the lowest in Europe and amongst the most generous across the world – is to incorporate a limited liability company. BG Company has streamlined the process of incorporating a company and minimized the waiting period. You only wait or two-three days at the most from the day we submit all necessary documents and forms to gain control over your company.
Having a limited liability company is a sound investment as it’s not only a subject of Bulgarian tax legislation but also a subject of the European Union’s business and tax regulations in regards to operating within its single market.
Before the incorporation of your limited liability company, you have a choice between the two types of companies available – ЕООD and ООD. The difference between the two lies in how many shareholders have incorporated the company and own it, where ЕООD is a single-member company, incorporated and owned by a single shareholder, and ООD is incorporated and owned by two or more shareholders. In both cases, each shareholder is entitled to a share from the profit, equal to their share in the capital.
Bulgarian legislation states that the minimum share capital for limited liability companies is BGN 2, which makes these companies a low-cost investment. Perhaps, the greatest advantage you gain from owning a limited liability company is that it’s risk-free as your company is an individual legal entity fully separate from its shareholder/s and liable to its creditors with all its own assets. You as the shareholder are only liable with your property to the extent of your share in the share capital.
BG Company takes over the registration process and submits memorandum, articles of association and proof of deposited share capital for you and the processing time takes about two-three days. The company is considered operating as of the date of registration with the Commercial register.
Our start-up package includes full-service incorporation with business registration, VAT registration, opening a bank account, and basic accountancy. Depending on your location and nationality, we may be able to conduct the entire process without you (through power of attorney) – please ask about your options.
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