Starting Business in Bulgaria

This table summarizes the procedures and costs associated with setting up a business in Bulgaria.

Nature of Procedure (2006) Proc # Duration (days) US$ Cost Check if chosen name is available at the IS /information services; get certificate for the registered name  1  1  63.01 Obtain notary certified consent with a specimen of the signature of the company manager, certified Articles of Incorporation (2 copies, one to court, one to bank), and notarized Appendix to Articles of Incorporation (indicating that a general meeting agre 2 1 30.25 Deposit paid-up capital in a bank 2 2 18.90 Pay the court fee at the Treasuryr 4 1 00.0 Register at the Commercial Register at the District Court 5 12 76.56 Publish in the State Gazette 6 15 18.90 Make a company seal 7 1 25.21 Register with BULSTAT within 3 days of court registration 8 1 37.81 Register for VAT 9 1 0.32 Totals: 9 39 $270.96