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"R&M" Ltd.
Bulgaria
Bourgas, 8000
26 Vardar Str.,
1 floor, Office 1
Phone:+359 56 810 409
Fax:+359 56 810 409
Å-mail:
office@bestbulgarianproperty.info
office@domvbolgarii.ru
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Company registration
"R&M" real estate agency reports that the most popular form of engaging in business in Bulgaria is via a Limited Liability Company (OOD). Therefore, we have prepared an overview of registration process & requirements of OOD.
Any foreign or a Bulgarian entity (both legal and physical) can set up a Limited Liability Company. The person/persons will be liable for the company's obligations to the value of his/hers share in the company's registered capital.
A bank account must be opened in order to deposit the company capital and attend to the company needs. The minimum required capital is BGN 5 000 (ˆ 2 500, £1 800). Shareholders must have paid at least 1/3 of their respective shares at the time of registration. It is required that at least 70% (BGN 3 500, ˆ1 750, £1 250) of the capital is paid by the time of registration.
The steps involved in setting up an OOD can be broadly outlined as follows:
Statutes approval.
Founding Meeting – preliminary discussions have to be held to decide on the commercial activities that the company intends to engage in. As a consequence of these discussions, the Articles of Incorporation of the new company are drawn up and signed by all shareholders.
The following details have to be included in the Articles of Incorporation.
Business name, seat and address of management of the company.
Objectives of the company and the time period for which the company is set up.
The names or, respectively, the business names of the shareholders.
Registered capital. Where the full amount of the capital has not been paid upon incorporation, the Articles shall stipulate also the deadlines and terms of payment.
The period for making the final installment in the capital cannot be longer than two years from the registration of the company, or from the capital increase respectively.
The number of shares registered by each shareholder.
The company management and representation.
The rights of the shareholders, as agreed between them.
Other rights and obligations of the shareholders.
Written statement of the Founding Meeting.
Filing the documents for the company’s legal registration.
Obtaining a court decision by the respective district court, containing the main scope of the company’s activities and the Articles of Incorporation. The obtaining of the court decision usually takes about a month.
Registration and receiving taxation number, a Bulstat number and a Registration number from the National Social Security Institute.
Publication of the Register entry in the State Gazette
The Bulgarian State Gazette is the official paper of the Bulgarian State. All Bulgarian legislation is published there in order to come into effect. Publication of the company entry in the Commercial Register does not complete the constitution of your company. It announces the act of company constitution to the general public.
Filing the tax declaration, stating that the company has not carried out any commercial activities during the respective period.
Annual tax declaration for zero down income.
But You don't have to think about the stages, because we can arrange it for You. Just contact us.
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