Fees and timelines

Fees

pay fee by instalmentsBulgarian 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.

Different Bulgaria entity typesAverage engagement costsAverage engagement timelineDraft invoice
Tax resident LLC€8,36011 weeksBulgaria LLC setup cost
Branch of a foreign company€8,16012 weeksBulgaria BO setup cost
Representative office€8,26011 weeksBulgaria RO setup cost
Joint stock company€9,16013 weeksBulgaria JSC setup cost
Subsidiary LLC€8,36011 weeksBulgaria subsidiary setup cost
Holding company LLC€8,36012 weeksBulgaria holding LLC setup cost
Free zone company€13,40013 weeksInvoice for Bulgaria free zones
Fast business setup solution€14,2302 weeksBulgaria fast LLC setup cost
LLC with employment visas€8,36011 weeksBulgaria LLC with visa setup cost
Sole proprietorship€7,98011 weeksBulgaria SP setup cost
Limited partnership€8,68012 weeksBulgaria LP setup cost

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Timelines

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

ServicesLLCFTZJSCBranchRepresentative officeSole proprietorshipLimited partnership
Engagement planning1 week2 weeks1 week1 week1 week1 week1 week
Company incorporation2 weeks2 weeks2 weeks3 weeks2 weeks2 weeks2 weeks
Corporate bank account approval4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks4 weeks
Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks3 weeks3 weeks3 weeks
Engagement completion1 week1 week1 week1 week1 week1 week1 week
Total engagement period11 weeks12 weeks11 weeks12 weeks11 weeks11 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