How do I start a business in Bulgaria?

How much does it cost to start a business in Bulgaria?

Average cost of setting up a private limited liability company is around 500-800 Euros. Normally the registration process takes about 2-3 weeks to be fully completed. Investors wishing to register a limited liability company must open a bank account with a local bank and deposit the required company capital of 1 Euro.

Can foreigner open business in Bulgaria?

In general every foreigner is allowed to open a company in Bulgaria, no matter if he or she has a Bulgarian residency permit or not.

Is it easy to start a business in Bulgaria?

In line with that, Bulgaria’s standard of living is low compared to other countries in the region making it easy for start-up business purposes. … Moreover, is its low minimum capital required for launching a business, worth 1 Euro, and its easy registration process taking usually only a few days.

Can I open a business in Bulgaria?

Under the Bulgarian Commercial Code, foreign investors can open a business in Bulgaria just like any other local investor. There are no special requirements when opening a company in Bulgaria, except when registering a joint stock company.

What is the best business to start in Bulgaria?

Best Business Opportunities To Start In Bulgaria

  • Start a food truck ($18M/year)
  • Become a software developer ($4.2M/year)
  • Start a consulting business ($0/year)
  • Start a life coaching business ($120K/year)
  • Start a mobile app development business ($696K/year)
  • Start an online language coaching business ($2.88K/year)
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Which currency is used in Bulgaria?

Bulgarian lev
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