If you are thinking about setting up a new company formation in Bulgaria any time soon, it is very important that you learn as much as you can before starting the process. Fortunately, there is a wealth of invaluable information online that can assist you and your business partners in your efforts. In fact, the information that you have access to today will not only help you to complete the process correctly but will also save you loads of unnecessary time.

With that being said, here are 4 key things that you should know before you start the work in getting it all done.

1. Process is not Complex but has been Simplified for Foreign Companies

One of the first things that you should know about this type of formation is that it has already been simplified. Unlike some company formation procedures and laws, it is now relatively easy to start a business in this location of the world. Even if you are a foreigner that would like to deploy a new product or service, you can start and complete these steps without visiting a city or town inside of Bulgaria. 

For instance, if you do not have the time or means to visit Bulgaria before the startup, you can contact an attorney to assist you with getting everything done. All you have to do is utilize the power of attorney to register your business.

2. Laws for Foreign Company Registrations and Formations can be Identified Early

For those of you who are looking to get started right away, you need to check into the fast company registration in Bulgaria formations. This is especially the case for anyone who is looking into buying a property in Bulgaria for a business venture and for personal ownership, too. 

For instance, if you are looking to buy land for ownership, the laws that govern these purchases are a lot stricter than those that cover business property purchases. Simply put, if you are looking to buy land in Bulgaria for a foreign firm, the same legal restrictions and limitations will not apply. Also, if you are setting up a new foreign business, you will not be charged with various applicable fees until the business is up and in operation.

3. Pre-Start-up Registration Requirements for Foreign Bulgaria Companies Available

Another area that you will need to consider as you make your plans is how to comply with the set requirements for registering your new company in Bulgaria. Typically, there are at least 3 specific requirements that must be met before you can begin this process. Here are 3 requirements that you must be aware of.

• The company that you want to start must have an established address in the country of Bulgaria.
• Initial capital for the business that you are starting up has to be backed by a certain amount of capital. For example, if you are setting up your new business in a city within Bulgaria, a certain amount must be in the local bank. This part of the process is mandatory according to the laws that govern the establishment of a foreign business.
• The name and the scope of your operations’ activities must be chosen in advance.

4. Official Stamp Required to Complete the Process and fast company registration in Bulgaria

Before you set the date of a start-up in stone (writing) for an official launch, you need to know the final steps that make your business completely legit and lawful in Bulgaria’s government eyes. One which involves securing the endorsement that is essential for your company. For example, a newly registered company must have an official stamp.

5. Regulations for Foreign capital can be 100%

The capital to start your business does not have any set restrictions on the percentage of capital that comes from these foreign business entrepreneurs. Therefore, if you choose to do so, foreign persons can hold and provide 100% of the capital.

Easy and simple company registration service in Bulgaria: https://company-bulgaria.com/