Company registration with T&G Consulting

Company registration

Company registration is a process filled with very specific moments.

In order for a company registration to be successful, it must be listed in the Commercial Register. The data of all companies in Bulgaria is stored there. Once the company is listed, it receives its unique identification code – UIC – or BULSTAT as it was previously. Having prepared and submitted the documents, this process takes between three and seven working days.

During the process of company registration choosing the appropriate legal form for your company is of great importance–Ltd.; ST; PLC. Each legal form has its pros and cons and is chosen according to the needs of the company.

The next important point which requires attention when registering a company are bank accounts. Legal – company accounts are quite different from physical – personal accounts. In order to submit the company’s registration documents, it is necessary to open an accumulation account. The accumulation account is where the capital, which the company will be registered with, is paid up. After registering the company, this accumulation account is closed and a company current account is opened.

Upon initial company registration, it is possible to launch an application for VAT (VATA) registration. If VAT registration (VATA), is mandatory for your company, this way you will save money on state and bank fees. There are many specific moments when registering the company. Some of those moments can save you time from filling out additional documents and waiting for their examination and approval. With accountancy experience of over 10 years, we at will assist you throughout the process.

How long does it take to register a company in Bulgaria?

First, we prepare all the necessary documents for company registration, which takes between 1-5 working days.

After that, it is necessary to open an accumulation company bank account, which for Bulgarian citizens happens immediately, but for foreign citizens, there is often an inspection by the bank, which can last between 1-20 working days.

It is also necessary to make a notarization of an affidavit in front of a notary, which is done immediately.

And finally, after all actions mentioned above have been completed, it takes up to 3 days for the company registration in the Commercial Register to be finalized.

Can I register a company in Bulgaria remotely?

Yes, we at T&G Consulting assist with company registration completely remotely. You don’t need to be in Bulgaria or travel to the country. For your convenience, we will assist you throughout the entire process.

What are the prices of your services?

Pricing depends on a number of different factors. We form our prices after we have familiarized ourselves with your business activity and the amount of work we will need to do. For this purpose, please fill out the questionnaire on the ‘Pricing’ page or contact us directly.

Do I have to register for VAT?

It depends on your activity and the way you will develop your company. Many specific factors must be taken into consideration, so we recommend that you consult with a specialist to examine your case and whether you fall under any of the hypotheses for mandatory VAT registration.

Here are two of the most common cases in which you are subject to mandatory VAT registration:

- If for the last 12 months you have exceeded a turnover of BGN 100,000. (The threshold of BGN 100,000 comes into force on 01.01.2023, before that date the threshold is BGN 50,000)

- You perform or receive services on the territory of the EU - in this case, you need to register no later than 7 days before the date of occurrence of the tax event