Bulgaria Private Limited Company (OOD)

The prefered company structure for a Bulgarian Company Formation is a Private Limited Company (OOD). A Bulgarian OOD is equivalent to a Limited Liability Company in the UK or a GmbH in Germany, in that it is a legal entity which is separate and distinct from the individuals who run it. For sole traders and for people in partnerships, the individual’s personal assets are at risk if there is a claim against the organisation but shareholders in an OOD are liable to lose only the value of the share capital to which they subscribe. Single-member companies are permitted, these are called EOODs and the one shareholder may or may not also be the sole director.

Company Name

A new company name must not be identical or deceptively similar to the name of another company already registered in Bulgaria; all names must be approved by the national registry before incorporation can proceed. We are able to conduct a company name check within a few hours of request on your proposed name to ensure it will be approved for a Bulgarian company formation.

Registered Office

It is a requirement to incorporate a Bulgarian OOD to have a registered agent and a registered address where all official correspondence may be legally served. We can provide this service alongside as incorporation service.


Only a single director is required to incorporate a company in Bulgaria and there are no restrictions on the nationality or residency of the directors.


Only one shareholder is necessary to incorporate your OOD, there are no restrictions on nationality or residency, and shareholders may be individuals or corporate entities. Annual general shareholder meetings must be held.

Share Capital

The minimum share capital is €2500 and 70% of the chosen capital amount must be paid up upon incorporation. The minimum nominal share value is 10 Bulgarian Leva per share

Filing Requirements

Companies are required to file annual financial statements by the 30th of June the year following the accounting period but companies considered Small and Medium Sized Enterprises (SMEs) may produce simplified accounts. SMEs are also not obliged to appoint a statutory auditor. All companies must submit annual returns to the Commercial Register.


Once your proposed name has been approved and we have received all the necessary documentation and information, the incorporation process is complete in only five days.

Bulgaria Company Formation Fees

We offer an all inclusive Bulgaria Company Incorporation Service

Bulgaria OOD Company Incorporation – 7 days

  • Obtaining initial name clearance at the IS
  • Preparation of Company Registration Forms
  • Preparation and drafting of the Articles of Association – in English and Bulgarian
  • Preparation and drafting declarations and powers of attorney – in English and Bulgarian
  • Filing documents with the Ministry of Justice
  • Appointment of Directors
  • Payment of Court Fee
  • Registering in the Commercial Register in the relevant District Court
  • Obtain notary certified consent with a specimen of the signature of the company manager, certified Articles of Incorporation and notarised appendix to Articles of Incorporation
  • Notary fees, administrative taxes, consular taxes and state stamps
  • Publication in the State Official Gazette
  • Registration with the BULSTAT
  • Registering with the Regional Social Security Institute
  • Registering with the Territorial Tax Authorities
  • Translation and legalisation
  • Obtaining of authorisations and notices
  • Obtaining of compulsory registers
  • Certificate of Incorporation
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL
Additional Services
Company Administration & Registered Office (required)£900
VAT (VIES) registration

Bank Account Assistance



Annual Renewal Fees
Company Administration

  • Provision of the Registered Office in Bulgaria
  • Compliance with local domicile requirements
  • Payment of Government Fees
  • Maintaining statutory records
  • Maintenance of Shareholder Register
  • Statutory Due-Diligence
  • 12 months basic consultation
  • Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents
Directors Register Maintenance£175


Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

A company bank account is necessary  to pay in the share capital and forms part of the formation process

Proof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.


There is no need to visit Bulgaria in order to set up your new business.

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