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Business Start Up Costs in Bulgaria
  Business Start Up Costs in Bulgaria
  Investor Program for Residence and Citizenship in Bulgaria

Cost of setting up a company in Bulgaria

Cost of setting up a company in Bulgaria

Average cost of setting up a private limited liability company is around 800 Euros. Normally the registration process takes about 2-3 weeks to be fully completed. Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 5,000 Leva.

Cost of hiring an accountant in Bulgaria

Cost of hiring an accountant in Bulgaria

Accountants charge an average of 200-1000 Leva monthly depending of weather they work part-time or full-time for the investor. All companies in Bulgaria, regardless of weather they are operational or not are required to file a yearly tax return with the tax administration.

Cost of opening a bank account in Bulgaria

Cost of opening a bank account in Bulgaria

Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 5,000 Leva. The banks normally charge around 20-50 Euros for the account opening procedures and for the issuing a confirmation letter certifying that the money has been deposited

Cost of translation service in Bulgaria

Cost of translation service in Bulgaria

As Bulgarian is the only language that is accepted by the Bulgarian courts, oftentimes investors want their incorporation paper to be translated in English so they can understand their content. Approximate cost of this service is around 5-10 Euros per page.

Cost of VAT registration in Bulgaria

Cost of VAT registration in Bulgaria

Companies with turnover of more than 50,000 Leva a year are required to register for VAT. This procedure takes about 2-3 weeks to complete and costs around 300 Leva.  

Investor Program for Residence and Citizenship in Bulgaria

Invest Bulgaria Charts
Gross Capital Formation of Bulgaria
Gross Capital Formation of Bulgaria

Domestic Credit of Bulgaria
Domestic Credit of Bulgaria

See all charts

Did You Know?
More than 100,000 Bulgarians live in Chicago ... More

The village of Shiroka Luka lies at 1,206 m above sea level, in the central Rhodope Mountains, 20 km north-west of Smolyan. Siroka Luka is famous for its authentic Rhodopean architecture and for the kaba gaida - a local type of bagpipe used in Bulgarian folklore music.

Country Snapshot
GDP 2009 € 33.87 B
Inflation 1.8%
Unemployment 10.3%
GDP growth rate, Q4 '09* -5.9%
FDI 2008 6,16 B

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