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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

Service	Fee (€)	Frequency
LLC Company incorporation (without travel)	3,400	One time
Bulgaria corporate bank account opening (without travel)	2,950	One time
Employment visa	2,950	One time
Nominee corporate shareholder services	2,100	Annually
Nominee shareholder and director services	6,600	Annually
Year end accounting and tax fees	2,300	Annually
Payroll reporting, financial report filing	860	Annually
Monthly bookkeeping service (estimate)	1,600	Monthly
Offshore corporate bank account opening	4,950	One time
Corporate merchant account approval	4,450	One time
Corporate brokerage account approval	2,950	One time
Find local office premises for your staff	950	One time
Business website building	2,500	One time
Phone answering service	900	Annually
Office mail service	900	Annually
Fax forwarding service	600	Annually
Business stationery design with logo	950	One time
Monthly payroll for staff	550	One time
Staff recruitment	7,950	One time
Trademark registration	4,950	One time
Find an apartment for your staff	4,950	One time
Find corporate finance	5,000	Retainer fee
Total fees (€)	0

Other fee considerations

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

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 fees

Contact us

For additional information on our company registration services in Bulgaria, please contact our in-house country expert, Mr. Petar Chakarov, directly:

Mr. Petar Chakarov
Sales & Business Development Manager
Contact me!

Bulgarian chamber of commerce and industry

Bulgaria financial supervision commission

Central bank of the Republic of Bulgaria - Bulgarian national bank

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“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director
Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

Mr. Aniket Chatterjee, Senior Manager - Operations & Compliance
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“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

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“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

Steve Hauxwell, Managing Director
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“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director
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Gary Webb, Managing Director
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Chris Vorwerg, Managing Director
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Susan Gunnery, Managing Director
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Nikolay Evdokimov, Director
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“Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service.”

Michael Scholten, Managing Director
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