Fees and timelines in 2024
Fees
The average fee per Bulgaria engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:
Different Bulgaria entity types | Average engagement costs | Average engagement timeline | Draft invoice |
---|---|---|---|
Tax resident LLC | €10,460 | 11 weeks | View invoice PDF |
Branch of a foreign company | €8,160 | 12 weeks | View invoice PDF |
Representative office | €8,260 | 11 weeks | View invoice PDF |
Joint stock company | €9,160 | 13 weeks | View invoice PDF |
Subsidiary LLC | €8,360 | 11 weeks | View invoice PDF |
Holding company LLC | €8,360 | 12 weeks | View invoice PDF |
Free zone company | €13,400 | 13 weeks | View invoice PDF |
Fast business setup solution | €14,045 | 2 weeks | View invoice PDF |
LLC with employment visas | €8,360 | 11 weeks | View invoice PDF |
Sole proprietorship | €7,980 | 11 weeks | View invoice PDF |
Limited partnership | €8,680 | 12 weeks | View invoice PDF |
Click here to create your own Bulgaria invoice
Timelines
The average engagement period for Bulgaria company formation is 11 weeks as outlined below:
Services | LLC | FTZ | JSC | Branch | Representative office | Sole proprietorship | Limited partnership |
---|---|---|---|---|---|---|---|
Engagement planning | 1 week | 2 weeks | 1 week | 1 week | 1 week | 1 week | 1 week |
Company incorporation | 2 weeks | 2 weeks | 2 weeks | 3 weeks | 2 weeks | 2 weeks | 2 weeks |
Corporate bank account approval | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
Corporate internet banking approval | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks | 3 weeks |
Engagement completion | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week |
Total engagement period | 11 weeks | 12 weeks | 11 weeks | 12 weeks | 11 weeks | 11 weeks | 11 weeks |