Start a business in Bulgaria
Bulgaria, recognized for its favorable economic environment and hospitable conditions for business owners, presents numerous chances to bring your vision to life. Our firm is dedicated to supporting you at every stage, offering expert guidance and support to ensure a seamless and successful start for your business.
Steps and solutions
Our systematic approach simplifies the process of starting a business in Bulgaria. Our team provides tailored solutions that accelerate the journey to success, covering everything from selecting the most suitable corporate type to comprehensive support with registration, licensing, banking, and additional needs.
Determine business activities
One of the key steps in launching a business is identifying its business activities. This involves outlining the main functions, services, or products that the company plans to provide or be involved in. Clearly detailing these activities is vital for meeting legal requirements and for creating a well-defined identity for the business. We support the initiation of businesses in various sectors, including but not limited to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in setting up your business. There are several options, such as Limited Liability company (OOD), Joint Stock Company (AD), Branch Office, and Holding Company in Bulgaria. Each type of legal entity has unique consequences regarding liability, tax responsibilities, and operational flexibility. It is essential to seek legal guidance and perform comprehensive research to identify the best structure that aligns with your company’s objectives.
Conducting thorough market research
The experts will assist you in conducting thorough market research and provide invaluable insights into consumer preferences, market trends, and competitive analysis. With this knowledge, you can develop a solid business plan and create a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the essential licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing criteria, clarify the necessary permits, and assist you with the application process. We will ensure that you acquire all the required licenses.
Opening a business bank account
The group will assist you in selecting a reliable bank and will support you in opening an account. We will provide guidance on the necessary documentation, manage communication with the bank for you, and ensure that your corporate account is tailored to suit your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, including the preparation and submission of required documents. We will streamline the registration process to conserve your time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in creating effective accounting systems and procedures, making certain that you keep accurate financial records and comply with accounting standards. From bookkeeping to the preparation of financial statements, we will aid you in effectively managing your business finances.
Business landscape in Bulgaria
Bulgaria provides a reliable economic landscape, affordable operating expenses, and potential for efficient manufacturing and technology operations. Its advantageous position in Southeast Europe, along with a skilled labor force and government backing for innovation and entrepreneurship, makes Bulgaria an attractive option for companies aiming to set up in the area.
Start a business with us
Our team is ready to assist you at every stage of starting a business in Bulgaria. When you are ready to begin, contact us using the form below to get more information and set up a consultation. Let us guide you as you explore the unique opportunities in Bulgaria and turn your entrepreneurial dreams into real success.