Fees and timelines in 2022

Fees

pay fee by instalmentsBulgarian LLC total setup costs amounts to €10,460 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 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

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 contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
Bulgarian chamber of commerce and industry Bulgaria financial supervision commission Bulgaria government Central bank of the Republic of Bulgaria - Bulgarian national bank