Company formation:
Industrial goods traded duty free between Bulgaria and the EU, EFTA, CEFTA and Turkey Corporate tax rate 15% and 0% in areas of high unemployment VAT exemption of equipment imports for investment projects over 5 million Annual depreciation rate of 30% for machinery & equipment & 50% for software and hardware Opportunity to buy land through a company registered in Bulgaria with up to 100% foreign ownership Infrastructure subsidy for investment projects over 50 million 55 treaties for avoidance of double taxation English-speaking work force at competitive cost
A limited liability company with the suffix OOD: At least 1 shareholder is needed to set up the company. The shareholders may be individuals or companies. The minimum share capital is BGL 5,000, with the minimum nominal value of BGL 10 a share. At least 70% of the capital must be paid up before registration. The owners of the company are liable only for the amount of capital invested. An annual shareholders' meeting must be convened at least once a year. A director must be appointed for the company.
A liability company with a single shareholder with the suffix EOOD: This is an OOD company owned by one individual, who may be a foreign resident. The single shareholder may serve also as a director of the company.
Incorporating in Bulgaria: Getting name clearance | Getting statutes notarised | Deposit capital in a bank | Pay court fee at treasury | Register at the District Court | Publish in the state gazette | Register with national authorities | Register with the Regional Social Security Institute | Register for taxes | Register for VAT |
A consolidated company with the suffix AD: At least 1 shareholder or more is required to set up the company. The minimum share value is BGL 1. The company must have a minimum registered capital of BGL 50,000. For banks, the minimum capital requirements are BGL 10 million. At least 25% of the registered capital must be paid up before registration. The company is managed by a board of management, or at two levels by 'a supervisory board' and a 'board of management'.
A consolidated company with a single shareholder with the suffix EAD:
The company is owned and controlled by a single shareholder. It is compulsory to file an annual balance sheet with the tax authorities. | 
