Large business setup in Bulgaria
Starting a large company requires thorough preparation and hard work, as well as considering specific obstacles and factors. The benefits of establishing a corporation in Bulgaria and how our specialized solutions can help you achieve success will be discussed.
The process of setting up a large business
Creating a major corporation in Bulgaria involves a similar procedure to establishing a small or medium-sized company. Nevertheless, because of its size and intricacy, forming a large business generally demands additional time and resources. The steps involved are as follows:
Choose a business name
It is important for the name of the company to be original and not already in use. The availability of a name can be verified on the Bulgaria Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your sizable company. We offer expert advice on Limited Liability company (OOD), Joint Stock Company (AD), Branch Office, Holding Company to assist you in making an informed decision that fits your needs and goals.
Set up legal address
When you start a business, it is crucial to have a legal address because it acts as the primary point of contact for government agencies, legal authorities, and important business communication. Selecting a legal address that complies with local regulations and fits your business needs is extremely important.
Get the necessary paperwork ready
Our team of specialists will assist you in developing accurate and comprehensive documentation tailored to your company’s structure and objectives. We ensure compliance with all legal regulations and will handle the filing procedure on your behalf.
Open a bank account
We will help you with the process of opening a bank account, making sure the company follows the regulations and selecting a trustworthy financial institution for your account in Bulgaria.
Company registration
We manage the registration process with authorities such as the Trade and Companies Register and tax authorities, freeing you from the administrative tasks. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
Maintaining precise financial records is crucial for the successful launch of a big business. Our accounting team can assist in implementing efficient accounting and bookkeeping methods that abide by Bulgaria’s regulations.
Large business examples
Big corporations work in various industries and sectors, each having distinctive requirements. Here are a few examples of big corporations:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Bulgaria
“Bulgaria is an attractive location for establishing large companies, providing numerous benefits.”
Strategic location
Bulgaria provides a steady economic climate, affordable operational expenses, and chances for cost-efficient manufacturing and technology operations. Situated in Southeast Europe, Bulgaria’s strategic position, skilled labor force, and government backing for creativity and business creation all contribute to its appeal for companies seeking to set up operations in the area.
Favorable tax regime
Bulgaria’s tax system is seen as one of the most competitive in the EU due to its flat corporate income tax rate of 10%. This, combined with other incentives, makes Bulgaria an appealing choice for businesses and foreign investors.
Banking
Some of the reasons why Bulgaria is a desirable location for individuals seeking secure and reliable banking solutions include its stable economy, well-structured banking system, and various investment and financial service opportunities.
Our Large business setup solutions
We understand how valuable your time and resources are, which is why we offer two convenient options to make the company formation process easier.
Business formation online
With the online platform offered by Bulgaria, individuals can start and finish the process of creating a business from any location globally. The option to track advancements, send in necessary paperwork, and take advantage of our services on secure digital platforms guarantees an easy and convenient experience.
Business formation remotely
If you would like a more hands-off approach, we can manage all the paperwork for you. Our team of experts will handle all the required formalities, fill out the necessary paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Get in touch today to schedule a consultation and begin pursuing your business goals. We can take that initial step forward together.