Necessary steps for registration of a Company and opening a bank account in the Republic of Bulgaria.
The most frequently registered types of companies in Bulgaria are:
- Limited Liability Company (OOD), which consists of two or more shareholders, one or both of whom may also be the manager/s of the company.
- Single Limited Liability Company (EOOD), consisting of one shareholder who may be a manager too,
- Joint-Stock Company (AD)
The companies are registered in the Commercial Register at the Registry Agency in the Republic of Bulgaria. The minimum capital of the company is one euro.
Firstly, the shareholders who wants to register a company needs to know what company wants to register / Ltd., Ltd. or AD /, and then decides the following details:
- Company name.
- Amount of the capital.
- The Seat and management address of the company.
- The activity of the company.
- A person who will be the manager/administrator of the company.
Secondly, we prepare all the necessary company documents, such as:
- Company agreement,
- Company opening protocol,
- Specimen for the manager, and other documents required by the law and according to the type of company which the client has chosen to register.
After all the documents are signed, the shareholder goes to the Bank at his choice. The company documents and a request form for opening a bank account are submitted. The bank needs two IDs. The bank, after examining the client within three to five business days, decides whether to open a capital account. Once the capital account has been opened, the capital of the company is paid into it. The signature and the contents of Specimen of the person who will be the manager/administrator of the company must be certified by a Notary.
Finally, all necessary documents are submitted to the Commercial Register. Within three to five business days the company is already registered. Actual status of the company is taken from the register and then goes to the Bank which also decides to open or not open a current bank account.
The whole procedure takes 15-20 working days. We will organize everything.
We offer full legal and accounting services to the company as well.
The price for establishing of company and bank account is 2000 EUR (VAT is not calculated)