Bulgaria

Bulgaria offers a very business-friendly and cost-effective environment for company incorporation, primarily through its low share capital requirements. The most common legal structure is the Limited Liability Company (OOD), which only requires a minimum share capital of BGN 2. The process begins with choosing a unique company name and checking its availability on the Trade Register’s online portal.

The company’s statutes and articles of association must be drafted and notarized by a Bulgarian notary. This notarization provides legal validation. With the notarized documents and proof of the capital deposit, the application is filed with the Trade Register. The process is relatively quick. Upon registration, the company receives a unique number and must then be registered with the National Revenue Agency (NRA) for tax purposes and with the National Social Security Institute if employees are to be hired. The streamlined process and low cost make Bulgaria an attractive option for entrepreneurs.