Bulgaria Company registration
|Registration of Limited Liability Company|
is founded or owned by one or more persons, including foreign natural or legal persons.
The minimum authorized capital is BGN 5,000.
Forming a Limited Liability Company
|Fees||Registration - BGN 120; Duplicate of court decision - BGN 1.5 and BGN 1 per page; Reservation of the name of the company and issuance of a certificate for uniqueness of the name - BGN 100; Publication in the State Gazette - BGN 25|
|Timeframe||Not specified (practically 1-2 weeks)|
|Legal framework||Commercial Law|
|Registration of Joint-Stock Company|
|Persons entitled to request registration-only the relevant managing body of the company could request registration in the Commercial register.
Preliminary preparation for the registration procedure:
|Fees||Reservation of company name and obtaining a certificate for uniqueness of the company name - BGN 200; For JSC registration - BGN 400; For registration of banking or insurance JSC - BGN 1,500; For registration of JSC branch - BGN 200; Minimum capital for establishing JSC - BGN 50,000; For publication in the State Gazette - BGN 25|
|Legal framework||Commercial Law|
|Registration of trade representative office of a foreign person|
|Authority||Bulgarian Chamber of Commerce and Industry|
|Legal framework||Investment Encouragement Law|
|Registration under BULSTAT|
|Authority||The registry offices of the Registry Agency at the place of company's headquarters (www.registryagency.bg)|
|I. Legal entities (LLC/JSC)
II. Sole proprietors
Upon request of the applicant, the identification card issued can be supplied with a microprocessor chip containing the data, entered in the register in electronic form. Such card is issued in 14 days term.
|Legal framework||Law on the BULSTAT register|
|Procedure||Transformation of the legal status of the land from agricultural to industrial (if the land purchased is agricultural)|
|Authority||Commissions to the regional directorates "Agriculture and Forests" - when the requested area is up to 5 ha and the land is located in the land areas of the settlements on the territory of the respective region.
In the remaining cases - Commission for the Farm Lands.
|Required documents and procedure||During the procedures for change of the designation of the agricultural lands they shall be categorized in 10 categories according to the productive capacities of the soil and climatic conditions, the relief and technological qualities of the land, its fitness for production of different kinds of vegetal production, and the imposed restrictions of land usage, under conditions and by an order, determined by an ordinance, issued by the Council of Ministers.
Preliminary steps and documents:
The commissions shall take decision for change of the designation of the agricultural land within 14 days from filing the proposal.
Along with the proposal the applicant must file 2 copies of the approved detailed development plan.
Copy of the decision for change of the designation of farm lands for purposes other than agricultural shall be sent within 7 days from its enactment by the respective commission to the cadastre office at the location of the real estate for entry into the cadastre.
|Fees||State fees are determined by a tariff of the Council of Ministers.
The fee is paid by the owner of the agricultural land who has required the change of its purpose or by the investor
|Timeframe||90 days (60 days)|
|Legal framework||Preservation of Agricultural Lands Law|
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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