Last Updated on February 12, 2023 by Bulgarian attorney
Bulgarian OOD Company
The only difference between the Bulgarian OOD and EOOD companies is the number of shareholders. The OOD company is limited liability company with two or more shareholders.
An OOD company cannot be incorporated remotely. If you would not like to visit Bulgaria for incorporating an OOD company, you may consider buying a ready-made company. The transfer of the ready-made company is completed full remotely within a week time.
To register a Bulgarian OOD company
You need to provide:
- a copy of an identification document (passport or national ID card).
- 3 (or more) examples for company’names.
- Name of the future company’s manager.
- Name of the future company’s capital sole proprietor.
- Amount of the foundation capital preferred*.
- Scope of company’s activity.
Benefits of registering a Bulgarian company
- Lowest setup fees within the EU.
- Lowest required founding capital – 1€.
- Lowest Tax on Dividends in the EU – 5% only.
- Lowest Tax on Corporate & Personal Income – 10% flat rate
- Lowest Tax on Corporate & Personal Income – 10% flat rate
- Lowest Social security contributions in the EU.
- VAT within the EU – 0%.
- Easy, Fast and Secure incorporation service.
- Affordable accounting & legal services.
- Company incorporation within 24 hours.
- Double Taxation treaties with 70+ countries.
Advantages using our services to establish OOD company in Bulgaria
- A top location registered office address for your Bulgarian company.
- No fee for scanned business mail service.
- No maintenance, annual or hidden fees.
- Competitive pricing for Accounting Services in Bulgaria
- Free scanned business mail service.
- You may purchase a Bulgarian ready-made OOD company.
- You may register a holding company in Bulgaria.
Steps to register a Bulgarian OOD company
- Drawing up the set of incorporation documents (Power of Attorney, Memorandum of Association & Declarations).
- Each director or manager will have to sign a Specimen and attest at the nearest Bulgarian embassy or consulate, or a local notary public.
- Opening of a company bank account for the deposition of the founding capital.
- Translation and legalization of the Specimens (if not signed in front of a Bulgarian notary or at Bulgarian embassy or consulate).
- Filling all documents at the Bulgarian Company Register.
- Your Bulgarian OOD company is registered within 2 working days. The deposition bank account is closed; applications for a business bank account and Bulgarian VAT number can be submitted.
For more details about registering a Bulgarian OOD company, you may request a call back.
Change in the circumstances of an OOD company
If you have already registered a Bulgarian OOD company and you would like to change any of the company circumstances we may assist you with the following:
- Increase/ decrease of the company capital;
- Change in the ownership and directorship;
- Change of the registered office address;
- Change of the name of the company;
- Convert OOD company into Bulgarian Joint Stock EAD company;
- Convert OOD company into Bulgarian Single Person EOOD company;
- Liquidation of a Bulgarian OOD company;
- Insolvency in Bulgaria.
Company name, address, and business activities changes do not require a certified POA but plain signed and scanned POA.
Changes in the ownership, directorship and capital require a certified POA to be granted to our team. Changes in company circumstances take 5 working days after receiving authorization.
If you have any questions regarding company changes, please do not hesitate to contact us.
Company Formation in Plovdiv
Plovdiv is the 2nd biggest city of Bulgaria and also very popular as a location for international companies. The city of Plovdiv is especially popular among IT companies. This is because of the excellent IT-programs offered by the universities in Plovdiv and the amount of available IT specialists in this city.
Also in Plovdiv it’s easy to find multi-lingual and well educated employees. Most used languages are English, German, French and Russian.
Additionally to the above benefits, accounting and legal services in Plovdiv and associated company costs are substantially lower than in Sofia.
