Fees and timelines

Fees

Bulgarian LLC total setup costs amounts to €8,360 on average per engagement, including Bulgaria company incorporation, corporate bank account setup, legal registered office and all government registration fees. Maintenance costs in year 2 and thereafter average €1,200, not inclusive of accounting, tax and audit services.

Business entitiesAverage engagement costsAverage engagement timelineDraft invoice
LLC€8,36011 weeksBulgaria LLC setup cost
JSC€9,16013 weeksBulgaria JSC setup cost
Branch office€8,16012 weeksBulgaria BO setup cost
Representative office€8,26011 weeksBulgaria RO setup cost
Turnkey solution€14,230Contact usBulgaria fast LLC setup cost
Sole proprietorship€7,980Contact usBulgaria SP setup cost
Limited partnership€8,680Contact usBulgaria LP setup cost

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Timelines

The average engagement period for Bulgaria company formation is 11 weeks as outlined below:

StepServiceLLCPLCBranchRep Office
1.Engagement planning1 week1 week1 week1 week
2.Company incorporation2 weeks4 weeks3 weeks2 weeks
3.Corporate bank account approval4 weeks4 weeks4 weeks4 weeks
4.Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks
5.Engagement completion1 week1 week1 week1 week
Total engagement period11 weeks13 weeks12 weeks11 weeks

bulgaria business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Bulgaria turnkey solution feesturnkey solution

Contact us

For additional information on our company registration services in Bulgaria, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
Bulgarian chamber of commerce and industry Bulgaria financial supervision commission Bulgaria government Central bank of the Republic of Bulgaria - Bulgarian national bank