Need More Information About Company Formation?
Our detailed Company Incorporation in Bulgaria Guide explains the available legal structures, registration requirements, required documents, timelines, banking procedures, and post-registration obligations.
Whether you are comparing an OOD, EOOD, branch, or subsidiary structure, the guide provides a complete overview of the incorporation process for foreign entrepreneurs and international businesses.
UBO Registration and Disclosure
Following company formation, Bulgarian law requires disclosure of Ultimate Beneficial Owners (UBOs) in the Commercial Register within 7 days of registration. PAYROLL BG handles UBO identification, declaration preparation, and timely submission — ensuring full AML compliance and avoiding administrative penalties.
Nominee Director Services (Optional)
For foreign founders who prefer not to appear in public records, we offer Nominee Director services as an optional arrangement, subject to eligibility review. A local professional acts as the publicly registered director while beneficial ownership remains properly disclosed under Bulgarian and EU law.
Why International Businesses Choose PAYROLL BG
PAYROLL BG supports foreign entrepreneurs beyond company formation, providing accounting, payroll, VAT compliance, employer registration, and ongoing regulatory support.
Clients choose us for:
- Company formation reviewed by a certified auditor
- One partner for incorporation, accounting, payroll, VAT, and employer registration
- Support tailored to international businesses entering Bulgaria
- Practical guidance on tax and compliance requirements
As your business grows, we help keep your accounting, payroll, and compliance obligations aligned.
Many foreign entrepreneurs register a Bulgarian company based solely on the minimum legal requirements. Months later, they discover that the chosen structure creates unnecessary tax exposure, VAT complications, or difficulties when bringing in investors and business partners.
At PAYROLL BG, we review your tax structure and capital before you open a company in Bulgaria, helping you establish an entity that supports long-term growth rather than creating costly corrections later.
Unlike standard incorporation providers, your company structure is reviewed by a certified auditor before the process starts. We provide one-hour free consultation that help you identify potential tax, VAT, and compliance considerations early—before they become expensive to address.
Whether you are an EU entrepreneur setting up an EOOD as a sole founder, a UK company establishing an OOD or local subsidiary, or an international business entering the Bulgarian market, PAYROLL BG manages the entire company formation process on your behalf.
We prepare incorporation documents, coordinate notarizations, assist with bank account opening, and manage Commercial Register submissions while liaising with notaries, translators, and public authorities.
Where a permanent establishment is not created in Bulgaria, foreign companies hiring Bulgarian employees may need Employer Registration in Bulgaria. We advise on the appropriate registration route and handle the required compliance procedures.
After incorporation, we continue as your accounting, payroll, VAT, and compliance partner—ensuring the same team that structured your business also supports its ongoing operations.
Bulgaria continues to attract entrepreneurs from across the EU, the UK, and the United States thanks to its competitive corporate tax environment, EU market access, and business-friendly operating costs. If you are still evaluating the market, explore our guides on Doing Business in Bulgaria and Why Bulgaria Is a Hidden European Gem.
Process of Company Formation in Bulgaria
Steps in Company Formation Process
01. Legal Entity Selection
02. Document Preparation and Legalization
03. Bank Account & Capital Deposit
04. Commercial Register Submission
Planning to Start a Company in Bulgaria?
Speak with our team before registration.
We will review your business model, explain the available structures, and help you establish a Bulgarian company that supports your tax, accounting, payroll, VAT, and growth objectives from day one.
