Company Incorporation

If the property you want to buy involve land you need to incorporate a company.

When you buy apartments or off-plan property a company is usually not needed.

The preferred form of business is a Limited Liability Company /OOD/. It is a commercial company with share capital owned by its members whose liability is limited to the amount of the capital subscribed. One or more persons, including foreign nationals may found a private limited liability company. The minimum foundation capital is 5000 Bulgarian Leva /2600 Euros/. You need to open a bank account and to deposit the initial company capital. This money can be withdrawn once the company has been formed. It usually takes up to 4 weeks for a company registration. You do not need to be present while your company is being registered as you can instructed a solicitors do this for you. All you have to do is to sign all relevant documents in English.

The charge for setting up a Ltd. Company is 550 Euro, which includes all state’s, legal and solicitor’s fees.