A fully remote registration of new companies in Bulgaria

As Bulgaria continues to establish itself as a favored destination for businesses, many entrepreneurs and investors are eager to explore the opportunities this vibrant market offers. Known for its low corporate tax rates and a business-friendly environment, Bulgaria presents a compelling case for those looking to start or expand their operations in Europe.

The good news is that the entire registration process can now be managed online, eliminating the need for you to set foot in the country. At Legalla, we specialize in providing an efficient, fully remote registration of companies in Bulgaria, including seamless online bank account openings tailored for foreigners from certain countries.

Why Bulgaria? A Favorable Business Landscape

Bulgaria stands out as an attractive option for entrepreneurs for several key reasons:

• Low Taxes: Bulgaria boasts one of the lowest corporate tax rates in the EU, at just 10%. This flat tax rate creates a cost-effective framework for businesses, allowing for higher profit retention and greater reinvestment opportunities.
• Ease of Doing Business: The country has made significant strides in improving its business climate. With straightforward procedures for company registration, a transparent legal system, and supportive governmental policies, Bulgaria remains an appealing option for both local and foreign entrepreneurs.

A Step-by-Step Guide to Online Registration

Registering a new entity in Bulgaria involves several crucial steps, all of which can be completed remotely:

1. Drafting the Incorporation Documents Online

The first step in establishing your business is drafting the necessary incorporation documents. This includes the articles of association and other essential records that define your company’s structure and purpose. With our expert assistance, these documents can be meticulously prepared online, ensuring that they meet all legal requirements.

2. Signing the Incorporation Documents Remotely

Once your incorporation documents are ready, they need to be signed in accordance with Bulgarian law. The best part is that, with our guidance, you can complete this process remotely. While certain documents still need to be notarized or signed in a Bulgarian consulate office, our team will facilitate the necessary steps, allowing you to sign accurately and legally without needing to be physically present in Bulgaria.

3. Opening a Capital Bank Account Online

A critical part of the registration process is opening a capital bank account in Bulgaria. Traditionally, this required a visit to a local bank, but that’s no longer the case. Legalla facilitates a fully remote solution for opening your capital bank account, allowing you to deposit your initial capital without the hassle of traveling. Our dedicated team will guide you through the process to ensure everything is handled smoothly and efficiently. Unfortunately, this option is possible only for clients from the EU Member States, Norway, Switzerland, United Kingdom, USA, Australia and New Zealand.

4. Submitting Documents to the Commercial Register

The final step involves submitting your signed incorporation documents to the Commercial Register of Bulgaria. With the support of our team, you can complete this submission by signing Power of Attorney to our team, ensuring your entity is officially recognized without the need for in-person visits.

Your Comprehensive Online Solution with Legalla

At Legalla, we recognize the challenges that come with starting a business in a new country, particularly when it involves navigating complex administrative processes. Our mission is to simplify this for you, allowing you to focus on building and growing your business.

Registered office solution

To register a company in Bulgaria, it is essential to have a registered office address within the country. This legal requirement ensures a fixed, official location where all legal and governmental correspondence can be sent, including important communications from state and tax authorities, as well as court documents (if necessary). This allows you to establish a registered business address in Bulgaria without having a physical presence. Our office services include mail handling and forwarding. This solution enables you to project a strong professional image while managing your business operations online.

Conclusion

Registering a new entity in Bulgaria doesn’t have to be complicated or time-consuming. With its low taxes and ease of doing business, Bulgaria is an ideal choice for entrepreneurs looking to establish their operations. At Legalla, we are committed to creating a seamless, fully online experience that empowers you to set up your business from abroad.

From drafting incorporation documents to facilitating remote bank account openings and offering post box office services, we are here to support you at every stage. If you’re ready to begin your entrepreneurial journey in Bulgaria or if you have any questions about the online registration process, don’t hesitate to reach out to us.