Bulgaria flag Bulgaria: Operating a Business in Bulgaria

Starting a business in Bulgaria

Legal Forms of Companies

Ednolichen Tatgovetz or E.T. (sole proprietorship)
Number of partners: 1 person
Capital (max/min): No minimum capital required.
Shareholders and liability: No distinction between the individual and the society. The responsibility of the entrepreneur extends to his personal patrimony.
Druzhestvo s ogranichena otgovornost or O.O.D. (Private Limited Company)
Number of partners: Minimum 2 partners. 1 member for a sole proprietorship.
Capital (max/min): Minimum capital of BGN 2.
Shareholders and liability: Liability is limited to the amount contributed.
Aktzionerno druzhestvo or A.D (Joint-stock company)
Number of partners: Minimum 2 shareholders.
Capital (max/min): BGN 50,000 of which at least 25 % must have been paid at the time of incorporation.
Shareholders and liability: Liability on assets of the company and up to their value towards creditors.
Sabiratelno Druzhestvo ou S.D. (General partnership)
Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Partners' liability is joint and unlimited
Komanditno druzhestvo ou K.D. (Limited partnership)
Number of partners: Minimum 2 partners, a sleeping partner and an active partner.
Capital (max/min): No minimum capital required.
Shareholders and liability: Active partners' liability is joint and indefinite. Sleeping partners' liability is limited to the amount contributed.
The Competent Organisation
It is possible to register a business directly on the site Invest in Bulgaria.  Formalities take between 2 and 3 weeks.
 
Setting Up a Company Bulgaria Eastern Europe & Central Asia
Procedures (number) 7.0 5.3
Time (days) 23.0 11.8

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Bulgaria.
Register of commerce, only in Bulgarian.

Find out more about Operating a Business in Bulgaria on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: April 2022

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