17.05.2021
ENTREPRENEURSHIP: HOW TO REGISTER A COMPANY
Most consumers have difficulty choosing the type of company to register. Each structure has its advantages and disadvantages. The most important thing is to think about the taxes you owe to the state and the responsibility you take on your partners.
Currently, EOOD or OOD is the preferred form for starting a small to medium company in Bulgaria, especially after reducing the requirement for start-up capital during registration, according to the Registry Agency.
The difference between EOOD and OOD is in the number of people owning parts of the capital. In EOOD the ownership of the capital is sole - one person is a contributor of the capital. For registration of a limited liability company - the founders must be at least two, but there is no requirement to have equal capital investments.
According to experts' calculations, the registration costs vary from BGN 110 to BGN 180, depending on whether you have an electronic signature and submit documents electronically.
If you decide to register EOOD you will need the following documents:
Note on paid-in capital, which you can issue from a bank of your choice.
Consent for acceptance of management and sample of the signature (specimen) - it is necessary to be notarized and signed by the manager. There are two options: to have a prepared specimen, which needs only notarization, or to ask the notary office to prepare it.
Founding Act
Constituent minutes - The document must contain the decisions taken by the constituent assembly and the agenda of the meeting.
Decision to appoint the sole owner of the capital as a manager
Application form A4 - the most important document! You can find it on the website of the Commercial Register, download and fill it out. All other documents are attached to it.
Declaration under Art. 13, para. 4 of the Commercial Register Act (CRA). The truth of the stated circumstances is declared. Signed by the applicant.
Declaration under Art. 13, para. 5 of the CRA. Submitted by the bearer. To be filled in only when the applicant does not present the documents in person in the CR.
Declaration under Art. 142 of the Commercial Act (CA). Prohibition of competitive activity. Signed by the manager.
Declaration under Art. 141, para. 8 of the CA. The manager declares that he meets the requirements of the law for a company manager. It is signed.
Application for keeping a company name (D1), which is not obligatory and costs BGN 50.
License or permit, when the activity of the company requires such.
If the whole process is done correctly, the company is ready and automatically receives a UIC (Unified Identification Code, the so-called BULSTAT). This is the unique 9-digit number of the company, which serves for its identification with the state institutions and bodies.
Once the company is ready to register, it is necessary to declare the start of its activities to the NRA and you can now start working.
