Follow These Steps To Successfully Register a Company in Bulgaria


You may desire to register a company in Bulgaria for various reasons. You might be doing business in another region of the world, but you now wish to gain a foothold in Bulgaria. Alternatively, you might be looking for a legal avenue to reside in the country. Opening a business is a great way to do exactly that, particularly because you will obviously want to earn some money while you are in Bulgaria. 

However, you will want to keep in mind that you can not just arrive in the country, set up shop, and start conducting your business. There are set procedures that you must follow or you could find yourself in trouble with employment and law authorities. Following these steps will help you to successfully register a company in Bulgaria.

Give It a Proper Name

Naming your business in Bulgaria requires a bit of work. You cannot just give it any name that you wish. The name of your registered company must identify what your business entails in such a way that government institutions are able to identify it. There are also some parameters that must be taken into account. 

The government agency will check to see if your preferred name has already been taken. If it has, then you will need to find another suitable name before the registration process can be completed. While it is not compulsory that you choose the name before you go through the registration process, it is highly advisable that you do so. This will prevent you from being ready to open, only to have to go back and change your name at some point down the road.

Bank account

Even if you do not wish to have a bank account in Bulgaria for your business, you will have no choice. You are required to register one with a certain amount of capital that is commensurate with the industry and type of business you aim to open. The purpose of this bank account is to provide equity for your business and give it a financial location to be legally registered. This is not an optional step in the business registration process. It is required under the rules and regulations that govern the opening of businesses in Bulgaria.

 You Need An Address For Your Business Registration

Once you have officially be granted a name for your business and have opened a bank account, you will want to officially register a business address. This is also a required step. You will need to choose some location to have your business officially registered at.

Properly File the Registration With the Government

It is important to keep in mind that Bulgaria has an official government registry in which all businesses must be placed. If you are about to open a new business, you must register it with the official government register in Bulgaria. This is then publically available to everyone in Bulgaria. It is a necessary step, even though it might not seem important to you at the time.

Don’t Forget the Stamp Registration

A fifth vital step in this process is stamp registration. Bulgaria requires that every new business that is registered has an official stamp. This stamp can then be used when you need to endorse any type of formal activity or document. This can be done after your company is registered, but do not forget that it is required before you can actually start conducting any type of business activity in Bulgaria.

While there will be other steps to follow when opening a business in Bulgaria, these are the five that apply to virtually any type of company that you can run. Other steps will apply depending on the nature of your business. If you will follow these five steps, then you will be on your way to successfully register a company in Bulgaria.

Professional company formation services in Bulgaria: