Starting a business in Bulgaria
Legal Forms of Companies
- Ednolichen Tatgovetz or E.T. (sole proprietorship)
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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)
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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)
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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)
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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)
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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.
Business Setup Procedures
Setting Up a Company |
Bulgaria |
Eastern Europe & Central Asia |
Procedures (number) |
7.0 |
5.3 |
Time (days) |
23.0 |
11.8 |
Source: Doing Business - Latest available data.
- The Competent Organisation
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It is possible to register a business directly on the site Invest in Bulgaria. Formalities take between 2 and 3 weeks.
- For Further Information
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Consult Doing Business Website, to know about procedures to start a Business in Bulgaria.
Register of commerce, only in Bulgarian.
Financial Information Directories
Dun & Bradstreet - Worldwide directory with financial information on businesses
Kompass Bulgaria - Bulgarian business directory
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Latest Update: November 2024