Bulgaria turnkey solutions

Bulgaria turnkey solutionsbulgaria turnkey solution

Healy Consultants shortens the time it takes for our Clients to start operations in Bulgaria by offering turnkey solutions, which include:

    Bulgaria turnkey solutions
  • A pre-registered, ready-made LLC;
  • An approved and active corporate bank account;
  • A pre-registered corporate tax number; and
  • A legal registered address.

Within a week, Healy Consultants can supply to our Clients looking to invest in Bulgaria i) the registration number for an existing dormant company and ii) the account number of a corporate bank account already open with a reputable international bank; iii) the company’s tax registration number; and iv) a registered business address.

The name of the already approved corporate bank account is that of the existing ready-made company. To maintain the corporate bank account, the shelf company name cannot be changed. Consequently, our Client must use the existing name of the shelf company for their customers. The business activity of the company is allowed to change. If our Clients wishes to change the shelf company name, the bank will request a new corporate bank account opening application under the new company name;

Who needs this turnkey solution?

These shelf companies with bank accounts are preferred by global entrepreneurs who:

  • want immediately to close a deal in Bulgaria;
  • prefer to own an aged company;
  • need to sign an important contract through a Bulgarian company in a timely manner or;
  • invoice a customer on time.

Healy Consultants’ fees

Clients should expect higher fees for Bulgaria turnkey solutions because Healy Consultants has i) maintained the shelf company by paying annual Government fees and ii) completed the company’s annual tax and accounting obligations and iii) spent money to maintain the corporate bank account. Refer to draft invoice embedded in the link below for more information:

Timelines

  • Providing the shelf company and bank account number – 1 week;
  • Name reservation (if our Client wishes to change the business name) – 1 week;
  • Company transfer – 2 weeks;
  • Corporate bank account transfer – 3 weeks;
  • Engagement completion – 1 week;
  • Total engagement period – 7 weeks.

Steps to buy a shelf company in Bulgaria

NoStepsWeek
1Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;1
2Our Client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees;1
3Healy Consultants provides our Client i) a company name and number; ii) Bulgaria corporate bank account number; iii) a corporate and VAT ID numbers and iv) company registered office address. Our Client can advance with customers and suppliers;1
4Our Client confirms by email the planned corporate structure and e-mails the required country-specific due diligence.2
5The company name is successfully reserved with the Bulgaria Trade Register3
6The current Bulgaria company agent proceeds to i) the legal share allotment; ii) legal share transfer iii) resignation and transfer the company to our Client. Simultaneously our Client will receive documentation to be signed in front of a notary4
7Our Client signs legal documents appointing new directors and shareholders and bank signatory in front of a notary. Our Client applies for a change the internet banking user name and passwords;4
8Healy Consultants’ Company Secretary Team in Bulgaria notarizes the signed company documents and submits documents to the Bulgaria Trade Register for processing.5
9The Bulgaria Trade Register approves the change of company ownership. Healy Consultants submits the change of bank signatory documents to the German bank;5
10Healy Consultants then emails our Client i) the certificate of incorporation ii) the new M&AA with the new shareholders and directors;6
11The bank approves the appointment of the new bank signatory and our Client has total control of the corporate bank account; To change bank signatory, there is a 10% probability our Client must travel to meet the bank in Bulgaria.6
12The bank will courier new internet banking documents (login, password etc) to our Client;7
13Our Client receives a courier from the bank comprising new internet banking information. The new bank signatory activates the internet banking.7
14Healy Consultants will courier a complete engagement completion package to our Client including i) company kit containing original Bulgaria corporate documents and ii) Healy Consultants Customer Satisfaction Survey;8

External readings

Frequently asked questions

Contact us

For additional information on our turnkey/shelf company 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