How to Register a Bulgarian Company Remotely?
Do you want to start a business and register a Bulgarian company online? It is possible, but there are some challenges — especially when opening a bank account. In this article by T&G Consulting, we’ll walk you through the entire process step by step.
Preparing the Company Registration Documents
To register a company in Bulgaria remotely, you need to prepare the following documents:
- Articles of Association or Founders’ Agreement – the main incorporation document
- Standard declarations required by the Commercial Register
All documents must be drafted in Bulgarian and signed in accordance with local legal requirements.
Notarized Documents and Apostille
Since you will not be physically present in Bulgaria, you must issue a Power of Attorney (PoA) authorizing a local representative to handle the registration process.
- The PoA must be notarized and apostilled in your country.
- A declaration (affidavit) confirming your signature as managing director is also required. This can be notarized at a Bulgarian embassy or by a local notary. If using a local notary, additional legalization may be necessary.
Opening a Temporary Bank Account
Before submitting the documents, you must deposit the minimum capital of BGN 2 into a temporary (initial) bank account.
This step is often the biggest challenge, as most Bulgarian banks require the owner’s physical presence.
- In rare cases, some banks allow account opening via Power of Attorney, but this depends on their internal policy.
- In certain situations, online bank account opening may be possible — depending on the bank and the country you’re applying from.
Filing with the Commercial Register
Once the bank account is opened and the capital deposited, the authorized representative submits the documents to the Bulgarian Commercial Register.
- The procedure usually takes 1 to 3 business days.
Accounting and Tax Obligations
After successful registration, the company must comply with Bulgarian tax regulations. It is mandatory to:
- Appoint a local accountant to prepare monthly tax declarations, annual financial reports, corporate tax returns, and VAT filings (if VAT registered).
Is It Possible to Register a Bulgarian Company Online?
Yes, company registration is possible online, but the banking procedure may be challenging. If you need assistance with company formation, VAT registration, or accounting, consulting a local specialist will greatly simplify the process. For more useful and practical information, visit our partners’ channel here!