Fees and timelines in 2023
Fees
Bulgarian 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 |