Includes steps involved in establishing a local office.
Last Published: 9/13/2019
A representative office is not a legal entity in Bulgaria and may not carry out commercial activities.  However, a company can establish a representative office for information gathering and non-proprietary activities such as performing sales promotions, exhibitions, demonstrations, training or advertising products and services by registering with the Bulgarian Chamber of Commerce and Industry (BCCI). See http://www.bcci.bg/english/ 
 
Тhe representative office of a foreign company is subject to registration in the BULSTAT (see http://www.psc.egov.bg/en/psc-starting-a-business-bulstat ) register at the Registry Agency within seven days of its registration with BCCI. The representative office receives the funds for its maintenance from the foreign entity but cannot make a profit nor have its own revenue.
 
For a representative office to be registered with the BCCI, a legal representative of the foreign entity must be personally or explicitly authorized by a notarized power of attorney to apply for registration, and to provide the necessary documentation with the BCCI.
  • A branch of a foreign entity can be registered in Bulgaria as:
  • a limited liability company called an ‘OOD’ which is popular with foreign investors, or,
  • a one-person owned limited liability company called an ‘EOOD’
  • Bulgaria operates under the Law on Encouragement of Investments that does the following:
  • defines an office's activities
  • defines various forms of economic associations and regulates their foundation, organization, and termination
  • offers advantages for foreign and local investments, which are determined depending on the investment amount, i.e. Class A, Class B and Class C (Class C is only for municipalities)
  • identifies priority investment projects, and
  • offers new amendments designed to ease procedures for obtaining a certificate for investment.
See http://www.investbg.government.bg/en
 

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Bulgaria Business Registration