Corporate Lawyers in Bulgaria

Investors in Bulgaria may incorporate companies and do business pursuant to the provisions included in the Corporate Law. These legal requirements encompass a variety of issues, from formation and capital requirements for companies to concluding agreements and maintaining certain business relations within the company or outside of it. The attributions of the shareholders and directors are also stipulated in this legal document.

Understanding the requirements for locally incorporated companies but also for the branches of foreign corporations is essential for doing business in Bulgaria. One of our corporate lawyers in Bulgaria who specialize in Commercial Law can help guide you through the legal issues associated with company formation and corporate transactions. 

Services provided by our corporate lawyers in Bulgaria

Dealing with the requirements of the Company and Commercial Law in Bulgaria is not easy as they are quite lengthy and extracting only the necessary information can be difficult. This is why not only foreign but also local investors request the support of our law firm.

Our Bulgarian corporate lawyers are at your service with the following:

• business registration solutions, which start with the creation of the documents needed to incorporate various types of entities;
• support in adhering to the corporate compliance regulations applicable to Bulgarian companies;
• assistance in mergers and acquisitions;
• support in selling or buying shares in/from other companies;
• company reorganization/restructuring services;
• company dissolution solutions.

No matter the type of issue you need to address, our Bulgarian corporate lawyers are at your disposal with customized packages.

Support in drafting corporate papers for company setup in Bulgaria

Bulgaria is one of the appealing Southeastern European countries to open businesses in IT. The low corporate tax also attracts investors from all over the world. For these, our Bulgarian corporate lawyers can provide the following services:

• creation of the foundation papers for limited liability companies, but also partnership deeds and even establishment acts for foundations, for example, thus covering any type of corporate or non-corporate entity;
• reviewing the documents, in case they are created but they need to be updated or altered;
• support in creating the documents for foreign-owned companies in Bulgaria, such as branches and liaison offices;
• making amendments to company documents.

It is of utmost importance to have all the paperwork in order when opening a company in Bulgaria, as this is one of the most important steps in the registration procedure.

As mentioned above, we address both local and foreign investors. For the latter, if they are interested in immigration to Bulgaria, we also have a lawyer who can offer support in relocation.

The Bulgarian Commercial Law

The Bulgarian Commercial Law contains several chapters that treat issues like:

• business trade names in Bulgaria and changing the trade name;
• company registration and transactions with companies in Bulgaria;
• special regulations for branches in Bulgaria;
• types of companies;
• the formation of a company or partnership;
• the Articles of Association;
• the relation between the partners in a company or partnership;
• corporate management; 
• company dissolution and liquidation;

For certain types of companies, like the limited liability companies, issues like the types of shares and capital increases or reductions are also discussed in the Commercial Law. It is possible to transform an existing company, under certain conditions.

Apart from observing the specific regulation for company incorporation and management, investors must also observe the corporate taxation principles in Bulgaria. 

Doing business in Bulgaria

The types of legal forms used by investors in Bulgaria are the corporation (or separate Bulgarian legal entity), the branch of a foreign company or the representative office. The latter is a very simple business form, only recommended for testing the market, as it cannot engage in commercial or trade activities.

The types of companies in Bulgaria are:

• the partnership: general, limited or limited by shares;
• the private or public limited liability companies;
• the sole proprietorship.

Foreign investors commonly use the public and private limited liability companies. They can have a single shareholder and require a minimum share capital (EUR 1 for an LLC, EUR 25,000 for a joint stock company). Our corporate attorneys in Bulgaria can give you detailed information on the differences between two business forms and which one is best suited for a type of business, according to size and available capital. 

The Corporate Law also describes the specific accounting and audit requirements, according to the type of company. All Bulgarian companies are required to keep special records of their business transactions. Foreign companies doing business in Bulgaria must be able to provide copies of these accounts translated into Bulgarian if so required. 

Corporate compliance in Bulgaria

The main requirements to respect the corporate law in Bulgaria falls on the shareholders and directors of a company. All of them have various obligations and duties that can lead to fines and even imprisonment when not respected.

Our corporate lawyers in Bulgaria can assist all officers in a business to comply with the existing laws in accordance with their duties towards the company. Furthermore, we can create comprehensive guidelines and internal organization rules in order to help all interested parties to understand how to prevent, but also act in case breaches of the law occur.

Furthermore, we can provide nominee services that ensure respecting the laws of this country for foreign shareholders. Overseas stakeholders who decide to move to this country can rely on us when they decide to apply for citizenship in Bulgaria.

Other corporate solutions in Bulgaria

Our corporate lawyers in Bulgaria are experienced and qualified to offer a wide range of services related to the Commercial Law, including support in complex matters such as mergers and acquisitions, takeovers, and share acquisitions or sales. These need to comply not only with national laws, but also EU ones, and even international regulations in certain cases. This is why, our specialists are at the disposal of large enterprises dealing with important changes in their structure.

Economic facts in Bulgaria

Bulgaria is a very appealing investment destination attracting large numbers of investors every year. According to the latest data:

• the country Gross Domestic Product (GDP) increased by 3.4% in 2022;
• GDP grew by 1.9% in 2023;
• in 2024 and 2025, the economy grew by 3.4% and 3.1% (preliminary NSI data), respectively.

If you need corporate services in Bulgaria, you can rely on our local law firm. 

The experts at our law firm in Bulgaria specialize in all matters related to commercial relations and transactions that take place in the country. You can contact us for more details on a specific legal issue or if you need legal representation in applying for residency in Bulgaria.