Registering a business in Bulgaria

Hello good afternoon,

I work for an accounting and consulting company in Sofia and we deal mostly with foreigners.

I can tell you that it’s a little bit too much, in my opinion is not reasonable (it is if there is a full year of bookkeeping inside).
I can say that, for a normal LTD, we charge the half, and we are not even close to the cheapest option.

If you need more information just write me a PM, I’ll be glad to help you with this.

Have a nice day

Hello BenBen,

Setting up you company in Bulgaria is a wise decision. Recently many greek companies moved here, lots ot BPO from the entire world, IT companies too, and now Romanian companies are  moving their headoffices in Bulgaria.

What you can benefit from is 10 % corporate tax ( + 5 % divident tax). The VAT is 20 % for most services (except e.g. tourism).

Prices for setting up a business in Bulgaria vary in quite broad limits and very much depend on the included services. Just as an example:

1. Setting up a company (opening a bank account, preparing all the documents, arranging the Registry Agency listing and Bulstat No.) can cost you between 300 and 1000 BGN for an LTD.
2. VAT registration also varies (but you cannot do international business without it) - let's say 600 BGN.
3. Electronic signature was about 200 BGN last time I needed it.
4. Cash registers - depending on type, number etc. - e.g. 300 BGN.
5. Local address is normally charger per year, there's no fixed price but probably between 50 and 100 BGN. If you need an actual office - much more.
6. Accountancy services - at least 300 BGN per month / still depends on number of invoices, number of employees etc.
7. POS terminal - additional 70 BGN ( could be free with some banks)

And you can extend the list with several more services. So it is really important to see what exactly the price covers.

And in addition prices vary significantly from one company to another, some companies can charge you 10 times more.

PM'd you

don't know whom you sent the PM, but there's nothing in my box 

@stefano_sofia

Its very nice of you to ofer help, but please share your experience on the open forum as it will help many others.

SimCityAT
Expat Team

Hey,

I decided to give him more informations via PM because I work for an accounting company, and someone told me that here is against the rules to advertise

Well, I can say that the majority of our clients pay roughly 100€/mo for bookkeeping (25invoices max), 20€/mo for company address and roughtly 800€ to open the company. Those prices include everything (VAT number, VAT declarations, Annual balance, etc.)

We are not the cheapest firm (we aren't even trying) and we are not the most expensive one, but I found our prices correct expecially for the quality of the services that suits perfectly the foreigner customers.

@stefano_sofia Hello, can you send me info about your firm as well please? ***

@stefano_sofia I'm interested as well, can you please send me info in DM about the company you're working for?

Hello Dejan Dobrsek,

Please note that this thread has been inactive for years now and that the member Stefano has not been on the website for the past 2 years.

If you have any question, it is better that you start your own topic on the Bulgaria forum so that active members might guide you.

All the best

Bhavna

@kristiann PM'd you

@Dejan Dobrsek

Prices for accounting may be rise a little, but opening a company + VAT Registration + bank account are lower.

But your user experience depends if you are non-EU or EU citizen.