Setting up a limited Company in Bulgaria

In order to purchase a villa house with land or land alone you will be required by Bulgarian law to set up a Ltd company, however, this process is very straight forward for U.K citizens.

The charge for the setting up of a limited company is 600 Euro, which includes all notary, taxes, and set up fees, in addition to these fees you will be required to deposit 2500 Euro into your own company bank account within Bulgaria. This is your starting capital, which can be withdrawn anytime following completion of the process and your company is registered and operational. Approx 1 month. This process requires you to visit Bulgaria in order to sign the initial contract, you will then be offered the opportunity to utilize power of attorney through a solicitor or person of your choosing. This person will then represent you during your absence from Bulgaria.

In order to maintain your company you will require the services of a Bulgarian accountant. Approx cost for running a villa house accounts are around 150 Euro per annum. These services will be offered to you as an integral part of the buying process.