If you have a business idea and plan to implement it, then in order to be able to carry out commercial activity you will need to open and register a company.

General Information

Registration procedure takes place before the Commercial Register. In the case of companies, the entry into the Commercial Register is just one of the several stages of the entire incorporation process. The latter also includes conclusion of Articles of Association (adoption of By-Laws or other depending on the company type), election of persons to manage and represent the company, as well as payment of the subscribed shares (if applicable).

A set of documents is to be prepared for the purposes of the registration and depending on the type of company some additional steps are also to be taken, such as: payment of the capital via an accumulation bank account (unless shareholders are making in-kind contributions); notarization of some of the documents (for example, the Articles of Partnership in the case of a General Partnership or the consent with the specimen of an LLC’s director); payment of the state fee due for the registration, etc.

Detailed information about the procedures for registration of a Sole Proprietor, a Limited Liability Company (LLC), a Joint-Stock Company (JSCo.) and a trade representation office with the BCCI, including information about the necessary documents and costs, may be found in the articles of the Info Center – see also the links listed in the right section of the page under Related Procedures.

Experience

I have extensive experience in the registration of all types of companies and other commercial enterprises. The above mentioned (Sole Proprietor, LLC, JSCo.) are among the most frequently requested for registration companies, but I can fully assist you with the registration of other legal entities as well, such as General Partnerships, cooperatives, branches of foreign companies, associations and foundations conducting additional business activity, etc.

Requesting the Service

You can request the service either at a personal meeting in my office or remotely (at a distance) – via phone or email. The service in terms of the most common company forms can be also requested online (via the Internet) – through the Request an Electronic Service page. If you want to find out more about the available option for online registration of your company, please visit the page of the Commercial Register electronic service.

In the process of requesting the service you will be asked to fill in a brief questionnaire (about the name of the company, address, etc.); when requesting the service via phone, such information will be provided during the conversation. You will also need to provide identification documents for the respective persons; scanned copies of such documents are to be provided in the case of remote registrations.

What Does the Service Cover

The service covers full assistance with the process of company registration in the Commercial Register with the Bulgarian Registry Agency – more particularly:

drafting the necessary documentation;

discussing and updating the documents in accordance with the individual requirements of the client (if needed);

accompanying the client to a bank and to a notary public for notarization of the respective documents and payment of the initial capital via an accumulation account;

providing full instructions for signing and preparation of the documentation (in the case of remote registrations);

filing the documents with the Commercial Register.

Clients could also benefit from the opportunity to receive an additional assistance, such as: preliminary consultations (for example, on choosing the right type of company); obtaining a company stamp; receiving a certificate of good standing, etc.

Time for Completion

Documents are usually drafted by the end of the business day following the day of receiving the necessary information and the advance payment (when applicable). The signed documents are submitted by the end of the day (business) of their receipt – via electronic way by using an electronic signature (original paper documents are returned to the client or stay with the latter in the case of remote registrations). Registration is usually entered within one business day from filing the respective application.

When necessary and if the client is readily available, the entire procedure from requesting the service to the registration of the company in the Commercial Register can be completed within 2-3 business days.

Fees

My fee for registration of a company is in most cases at the minimum amounts as per Ordinance No. 1 of 09.07.2004 on the minimum amounts of attorney fees. On page Fees you can find more particular information on the fees for the various types of services – including the one for registration of a Sole Proprietor (100 levs), a single-person LLC (150 levs) and an LLC (200 levs).

Please, note that amounts indicated therein are for information and reference purposes only – in some cases the fee might be higher (for example, when documents are drafted in a bilingual form) or lower (for example, when using electronic services). In certain cases the fee needs to be pre-paid in part or in full.

If you want to request the above presented service or have any questions, please don’t hesitate to contact me via any of the ways listed on the website, including via Viber or Skype (see below or visit the Contact page).