The person/persons will be liable for the company's obligations to the value of his/hers
share in the company's registered capital. The shareholders conduct preliminary discussion
on the commercial activities they intend to engage in. Based on their agreement,
Articles of Incorporation are prepared and sighed by all shareholders.
A dedicated bank account is opened to collect all share capital.
The minimum share capital required is 5000 BGN (2500€). Shareholders at the time of the
registration must have paid at least 1/3 of their respective shares.
It is required that at least 70 % (3500) of the capital is raised at time of registration.
If you have any questions please do not hesitate to contact us: Real-Estate.1001Line.com.
The company exists from the moment it is added to the Commercial Register
of the district of where the company will be based. The entry is made upon issue of
a district court decision for the incorporation. The following documents must be
available at the time of the submission of registration application to the district court.
Finally your new company (OOD or EOOD) will need to register immediately with the National Tax Register.
Once the entire authorized /share/ capital has been paid up these funds can be accessed and withdrawn
The costs are :
(b) Lawyer's honorarium – between 100- 200 BGN depends on the deal
(c) Commission for the agency– estate agent - 3% from the market price of the property, when the Agency headquarters are in the big cities and the Black Sea.
For example : for a solid house, 100 sq.m area in the Super Center Zone in
Plovdiv the annual real property tax is around 50 BGN and the waste collection
fee is 60 BGN. For a flat in a quarter in Plovdiv with 40 sq. m floorage
they are 25 in total. In a small town (like Sopot town) for a house, 65 sq. m
the property tax plus waste-collection fee is 18 BGN . For a house with yard in a
village the total payment would be 5-6 BGN per year.
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