Company / Association Registration. Amendments and Filings with the Commercial Register

Home » Company / Association Registration. Amendments and Filings with the Commercial Register

Do you have an innovative business idea and wish to turn it into a successful project? The first step toward legally starting your business activity is the registration of a company or a non-profit organization / foundation. с нестопанска цел/фондацияWhether you plan to launch a small business, manage a large commercial enterprise, or establish a non-governmental organization, Evelina Toncheva & Partners Law Firm will support you at every stage of the process.

Why Is Company Registration Important?

Company registration is not merely a formality — it provides legal certainty, enables you to enter into contracts, hire employees, and conduct business activities in compliance with Bulgarian law. The registration of a company or association with the Bulgarian Commercial Register is a mandatory prerequisite for its official legal existence.

We Provide Full Legal Assistance for the Registration of the Following Legal Forms:

  • Sole Trader (ET) — suitable for independent business activity;
  • Limited Liability Company (OOD) — ideal for business partnerships;
  • A Single-Member Limited Liability Company (EOOD) — appropriate for individual entrepreneurs;
  • Joint-Stock Company (AD) — suitable for large-scale commercial ventures;
  • General Partnership (SD) — often used for family businesses or small partnership structures;
  • Limited Partnership (KD)— suitable for partners wishing to combine capital, where some partners contribute only funds, while others participate through labor and management;

 

  • European Economic Interest Grouping (EEIG) — a legal form designed to facilitate cross-border cooperation between companies within the European Union;

 

  • Associations and Foundations — legal forms intended for non-profit activities, whether for private or public benefit.

What Do You Receive with Our Service?

At Evelina Toncheva & Partners Law Firm we provide comprehensive legal support, which includes:

  • Professional legal consultation regarding the selection of the most appropriate legal form of company, tailored to your business activity and objectives;
  • Preparation of all incorporation documents, including Articles of Association, Memorandum of Association, partnership agreements, resolutions, and statutory declarations;
  • Completion and electronic filing of applications with the Bulgarian Commercial Register using the lawyer’s qualified electronic signature, saving you time and costs through reduced state fees;
  • the possibility of remote company registration — without the need to visit our office, regardless of whether you are located in Bulgaria or abroad;
  • Assistance with company registration involving foreign individual or corporate shareholders;;
  • Certified document translation, when required, provided by licensed translators;
  • Legal assistance for the registration of associations and foundations in accordance with the Non-Profit Legal Entities Act;
  • BULSTAT registration, where applicable;
  • Option to provide a virtual business address and correspondence address.

Express Company Registration – Within 24 Hours

In the business world, time is money.That is why we offer an express company registration service — within 24 hours after receiving all required information and documents, your company will be duly registered with the relevant authorities.

By filing the applications electronically through one of our attorneys, the state registration fees are reduced by 50%, making the procedure not only fast but also cost-effective.

Do You Have a Legal Question or Case?

Book a fast and professional consultation with an experienced lawyer — online or at our office. Receive clear guidance and a concrete legal strategy tailored to your situation.

Additional Services After Company Registration

Our work does not end with the registration of your company. We provide full legal support for all subsequent procedures, including:

  • Registration of changes with the Bulgarian Commercial Register, such as: change of registered seat and address of management; appointment of a new managing director and removal of a former one; admission and withdrawal of shareholders; changes in share capital;
  • Company restructuring and transformations — mergers, divisions, absorptions and spin-offs;
  • Company liquidation and dissolution;
  • Filing of annual financial statements, declarations of no business activity and other mandatory corporate filings;
  • Registration and legal advice regarding trade representations of foreign companies in Bulgaria;
  • Ongoing legal support and business-related consultations for the development of your company.

How Does Remote Company Registration Work?

Regardless of whether you are located in Sofia, Plovdiv, Varna, Burgas, or abroad, the company registration procedure can be carried out entirely online.All you need to do is contact us by email. We will provide you with complete and clear information regarding the procedure, the required documents, and the available authorization options. This allows you to start your business without any physical presence at our law firm.

What Do We Provide You With?

  • Speed — express preparation of all required documents;
  • Cost efficiency — reduced state fees through electronic filing;
  • Security — legal services provided by experienced attorneys;
  • Flexibility — full remote service, regardless of your location;
  • An individual, — tailor-made solutions based on your specific business needs.
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Frequently Asked Questions – Company Registration

Before exploring the details of our services and the way we work, we would like to present a selection of the questions most frequently asked by our clients. These questions reflect the key aspects of the legal practice of Evelina Toncheva & Partners Law Firm and are intended to provide clear, practical, and useful information.

How long does the registration take?

With our express service, the preparation of the registration documents can be completed within 24 hours. The standard procedure usually takes 2–3 business days. The processing of the documents by the Commercial Register for company registration takes three business days from the date of filing. Registration of subsequent changes takes longer — approximately 6–7 business days from the date of submission.

Can I register a company remotely if I am abroad?

Yes, this is entirely possible. The entire procedure can be carried out remotely through a notarised power of attorney granted to a lawyer from our team, as well as electronic signing and filing with the Commercial Register by the lawyer.

What is a virtual address and when is it needed?

A virtual address is a service whereby a law firm or a specialised provider offers an address for the company’s registration and correspondence. This service is particularly useful for foreign nationals or individuals who do not have a permanent address in Bulgaria or who prefer not to use their personal address.

What is the minimum share capital for an OOD / EOOD?

The minimum share capital is BGN 2, although higher and more realistic amounts are recommended, depending on the needs and scale of the business.

Is VAT registration mandatory immediately after company registration?

No. Registration under the VAT Act is mandatory upon reaching a taxable turnover of BGN 100,000 over the preceding 12 months or when performing certain types of services (e.g. services supplied within the EU). In all other cases, VAT registration is voluntary.

What penalties apply for failure to file annual financial statements or declarations of no activity?

Failure to file annual financial statements within the statutory deadline results in fines ranging from BGN 200 to BGN 3,000 imposed on both the company and its manager. Failure to file a declaration of no activity is also subject to fines under the Commercial Act and the Accountancy Act.

What are the benefits of subscription-based legal services for companies?

Subscription-based legal services provide businesses with ongoing and predictable legal support in exchange for a fixed monthly fee. This allows for better financial planning and ensures that, whenever a legal issue arises, you have access to a lawyer who is familiar with your company’s operations and specific needs. This approach helps avoid delays and risks associated with the lack of timely legal advice.

What documents are required to register an OOD or EOOD?

You are only required to provide information regarding the personal details of the shareholders and the manager, as well as information relating to the circumstances subject to registration in the Commercial Register (such as the company name, registered office, management address, share capital, and other relevant details). We will assist you with the preparation of all necessary documents.

What types of companies can I register in Bulgaria?

You may register a single-member limited liability company (EOOD), a limited liability company (OOD), a joint-stock company, a general partnership, a limited partnership, an association, or a foundation. We will advise you on the most suitable legal form based on the specifics of your business.

Do you provide assistance with the registration of a commercial representative office of a foreign company?

Yes. We provide full legal assistance for the registration of a commercial representative office of a foreign company in Bulgaria, including registration with the BULSTAT Register.

Is an accountant required immediately after registration?

Yes. After registration with the Commercial Register, it is advisable to engage an accountant, especially if the company will be VAT-registered or will commence business activities. The accountant will be responsible for preparing and submitting statutory declarations, reports, and financial statements.

What is the difference between an association and a foundation?

An association is established by two or more founders pursuing a common objective (for public or private benefit), whereas a foundation is established unilaterally by one or more persons for the purpose of providing assets or funds for a specific activity. The legal framework governing both forms is set out in the Non-Profit Legal Entities Act.

When and why is it advisable to consult a commercial law lawyer?

Consultation with a commercial law lawyer is advisable at many key stages in the life of a company — from its incorporation, through share transfers, changes of manager or registered office, to amendments to the scope of business activities. A lawyer is also essential in the drafting of contracts and constitutional documents, as well as in the event of disputes between shareholders, which may escalate into court proceedings.

What is the main difference between a lawyer and an intermediary when registering a company?

Registering a company with the assistance of a lawyer ensures full compliance with the law and properly drafted documentation, due to the lawyer’s in-depth legal expertise and professional liability. By contrast, using intermediary services provided by non-lawyers often results in omissions, incorrect documentation, and subsequent complications that may require significantly more time and financial resources to resolve.

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The information contained on this website is provided for general informational purposes only. As every legal matter has its own specific characteristics and requires an individual approach, we do not guarantee that the information presented here will be sufficient for resolving your legal issue independently. On the contrary, we strongly recommend seeking timely, qualified legal assistance in order to receive appropriate legal advice and effective protection of your rights and interests.
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