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From the beginning of 2008 a new company register was created in Bulgaria, aiming at reducing the time for registration, making the process simpler and eliminating certain abuses.

Below you will find useful answers to the most common questions, concerning the company registration in Bulgaria.

Q: How long does it take to register a company in Bulgaria?

A: The registration should take 2-3 days, however, due to some administrative issues; it currently takes about a month. The issues should be resolved shortly.

Q: How much is the minimum required capital for registering a company?

A: The minimum required capital is BGN 5000 (about EUR 2600).

Q: Where goes this money? To the budget surplus?

A: The funds for registration are in no way locked in your company's account, and you can use them as you like once the registration is completed.

Q: I see, and how do I reserve a name for my company?

A: The name is reserved with a special, notarized form.

Q: Right, and then?

A: Next, we need to lodge an Application for registry. This form also needs to be notarized.

Q: What information you need to prepare the documents?

A: In order to correctly file the request, we need the following information:

- Name of the company

- The incorporator/incorporators' details

- Who will be the manager

- What will be the share participation of each incorporator

- The domicile and address of management of your company

Q: Could a proxy of the Manager notarize all Applications?

A: In order to avoid certain fraud attempts, the Managers must sign the forms personally in front of a Notary Public.

Q: How much will the registration cost?

A. The fee for the company registration is EUR 350 and includes reservation of the name, preparation of all needed documents, all administrative fees and taxes, company stamp, opening of bank accounts, as well as our commission.