How to open your business in Bulgaria

How to open your business in Bulgaria

How to open your business in Bulgaria

Before you go to a permanent place of residence in a friendly and close Russian mentality sunny Bulgaria, you must purchase an apartment or a private house. However, according to the Bulgarian laws, all foreign citizens who want to buy housing can not freely buy the land on which it is located. If the site where the house is built, will be bought by someone, then there will begin big and unpleasant problems that could lead to a possible lease of this site.

 

In such cases, there are a few simple options to avoid such trouble, for example,how to open your business in Bulgaria. Then a foreigner, naturally, can get a legal right to purchase a land plot under his own home ownership in his proprietary property. Also, you can safely sign any official contract on behalf of the organization for leasing a car and other valuables, buy any necessary goods with the help of a loan along with the rights of Bulgarian citizens, work on behalf of the organization, concluding important contracts.The new owner gets the right to a personal doctor and a pension fund if he deducts the minimum amount.

 

The corporate representation opened in the country gives a great advantage of working throughout Europe, given the fact that Bulgarian taxation is the lowest in the European Union. It is only 10 percent of the income received by the foreigner. State legislation is fully aimed at protecting any private entrepreneur and a small business in the country.

 

The process of opening a company representation does not cause inconvenience. It is necessary to assemble a package of documents in the Bulgarian language, assuring them at the notary:

How to open your business in Bulgaria

How to open your business in Bulgaria

  • - certificate or certificate of official registration as a legal entity (make copies);
  • - certificate or Certificate of registration with the Tax Inspectorate (make copies);
  • - You also need to have an extract from the register of the trading company or a working Certificate of the position of the company at the time of opening a representative office;
  • - submit a sample of personal signature;
  • - A document of power of attorney for the selected company representative (if any);
  • - to have a certificate of the absence of a criminal record of the elected mediator (if he lives in Bulgaria, then this type of certificate is obtained at the Russian Consulate);
  • - you should send an official document of the general meeting of the company about opening a representative office in the republic and indicate the priority area of ​​activity carried out by the branch;
  • - sometimes it is necessary to submit additional legalization of documents;
  • - you must send each constituent document of the company: the Charter and the Memorandum of Association.

 

Following Bulgarian laws, a foreigner's company can be considered an independent legal entity, performing representative functions and not entitled to conduct economic activities. Under the terms of the representative office, such firms must be entered into the commercial register of the Bulgarian Chambers of Commerce, Bulstat, which is the State Filing Agency and the NAP, are obliged to pay the tax - 300 €, and the entrepreneur from 1 €.

 

Registration of all documents sent to Bulstat lasts from 14 to 30 days. When permission is granted for a company representation in Bulgaria,then, within fourteen days, a copy of it is given (it should be translated into Russian and notarized) by the tax office, where the company's main branch or legal entity was registered.

 

At the moment, many companies represent the full package of services and support for the registration of a representative office in Bulgaria, as well as the right to purchase an already established ready-made business in the republic. Taking advantage of their proposal, you will need to issue a general power of attorney, which should be translated into Bulgarian. As a result, there will be no trouble for the independent passage of all litigation, in order to register your own representation.

 

Before opening a branch or a private business in Bulgaria, it is imperative to consult with specialists who know all the nuances and laws, and you also need to clearly consider the real possibilities. After all, the only way you can find outhow to open your business in Bulgaria.



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