MARKET ENTRY
From the decision to the first invoice issued.
Setting up a company in Bulgaria is a defined procedure, with predictable steps and timescales. The difficulty is not the rules: it is the sequence. One wrong document at the start is paid for in weeks of delay at the end.
What it covers
Choice of legal form
EOOD (single-member limited liability company), OOD (limited liability company) or a branch: the choice depends on the shareholders, on liability and on how profits are to be distributed. It is settled beforehand, not afterwards.
Preparation of the incorporation documents
Deed of incorporation, articles of association, declarations of the managing director, specimen signature. Drafting of the texts and coordination with the notary.
Entry in the Targovski registar (Commercial Register)
Filing of the application with the Agentsiya po vpisvaniyata (Registry Agency) and assistance until the UIC is obtained.
Registered office
Identification of a compliant registered office and conclusion of the contract, with an address that is genuinely staffed for service of notices.
Opening of the account
Preparation of the documentation required by the bank and attendance at appointments. The opening remains the bank's decision.
Start-up filings
VAT registration where the conditions are met, appointment of the accountant, filings with NAP (National Revenue Agency) and NOI (National Social Security Institute), first employment positions.
How it is carried out
Framing
A meeting to establish the actual activity, the corporate structure, where the profits will arise and which legal form supports that design.
Gathering of documents
Documents of the shareholders, sworn translations and apostilles where required. This is the stage where time is lost if you are not precise.
Incorporation
Deeds before the notary, payment of the capital, filing with the register. We follow each step and keep to the timetable.
Operational start-up
Registered office, account, accounting, VAT. At the end of this stage the company can issue and receive invoices.
Handover
A complete file: deeds, credentials, a schedule of recurring filings and the names of the professionals appointed.
What we need from you
To start without documents being sent back, the following items are normally required.
- Identity documents of the shareholders and of the managing director — Currently valid. For non-EU nationals, the residence requirements must be checked.
- Description of the actual activity — What will be sold, to whom, from where. This governs the choice of legal form and the drafting of the corporate purpose.
- Details of the capital — Amount and origin. The minimum capital of an EOOD is nominal, but the bank will ask questions.
- Desired timescale — If there is a commercial deadline, it must be stated at the outset: it changes the order of operations.
Limits of the service
SAURON LTD is not a notarial, legal or accounting practice and does not issue legal or tax opinions. The deed of incorporation is executed before a Bulgarian notary, the accounts are kept by a registered accountant, and tax opinions are a matter for qualified professionals: they are appointed by the client and identified by name. The company prepares, coordinates, checks and keeps to the timetable.
The opening of the bank account depends on the bank's own policies and cannot be guaranteed by anyone.
Frequently asked questions
How long does it take to incorporate a company?
Incorporation itself takes a few working days from filing, provided the documentation is complete. The real timescale is set by the gathering of documents beforehand — sworn translations and apostilles included — and by the opening of the account, which is the least predictable stage.
Do I have to be present in Bulgaria?
For some steps yes, at the bank in particular. Others can be handled under a power of attorney. The first meeting establishes which trips are genuinely necessary, so that none are made in vain.
Is a physical office required, or is an address enough?
A compliant registered office is required, with an address that is genuinely staffed: notices are served there and time limits run from service, not from the moment they are read. An accommodation address with nobody attending it is a risk, not a saving.
May I use your registered office as the registered office of my company?
No. The registered office of SAURON LTD is the company's own office and is not granted to third parties. We identify a suitable registered office for the client and put it under contract.
If Bulgaria is on the table, let's start with the right question.
Describe the situation. We reply telling you whether it falls within our scope and how we would proceed.