Set up a subsidiary in Bulgaria
The subsidiary is a company that is partially or fully owned by another company called parent company. There are no restrictions about the jurisdiction where the parent company is incorporated. This can be an EU or non-EU, offshore or inshore company. Practically, setting up a subsidiary of a Seychelles company is as easy as setting up a subsidiary of a EU company in Bulgaria.
Your Bulgarian subsidiary can be EOOD, OOD, EAD or AD.
| EOOD | OOD | EAD | AD | |
| Number of shareholders | 1 | 2 or more | 1 | 2 or more |
| Minimum capital | 1 € | 1 € | 25,000 € | 25,000 € |
| Management board | No applicable | No applicable | Board of minimum 3 directors; | Board of minimum 3 directors |
| Directors | Only physical persons | Only physical persons | Can be foreign or local companies | Can be foreign or local companies |
Your Bulgarian subsidiary can be set up fully remotely by granting a certified POA to our team.
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What are the requirements to register a subsidiary in Bulgaria
Documents that prove the existence of the mother company should be provided. This is in the form of a business extract issued within the last 6 months and Articles of Association apostilled.
How long does it take to be fully operational
The subsidiary will be fully setup within 5 working days of receiving the certified POA and apostilled Business Extract of the mother company.
Few reasons to set up a subsidiary in Bulgaria
Setting up a subsidiary in Bulgaria of an offshore company can provide privacy. Also, transferring dividends from the Bulgarian entity to the mother company (incorporated in another jurisdiction) might be at 0%.
What are the main differences between branch and subsidiary
| ? | Branch | Subsidiary |
| Minimum capital | None | 1€ to 25000 € based on type of company |
| Time to register | 5 working days | 5 working days |
For more information about establishing a subsidiary in Bulgaria, please do not hesitate to contact our team.