Expand your existing company, from any country in the world, into Bulgaria without breaking a sweat! Remote and fully online, House of Companies can register your foreign entity in Bulgaria, apply for all tax numbers, register as an Employer, and more! One fixed fee for branch registration and Bulgarian accounting services!
155,44
Companies launched
811
Branch Registration
15+
eBranch Options
10+ Playbooks
Support included
A Bulgarian branch is an excellent option for SMEs entering Bulgaria due to several advantages over the local company structure. Firstly, Bulgarian branches have simplified taxation procedures, which can save a significant amount of money and time. Additionally, there are reduced requirements for local financial statements, which can lower administrative costs. Furthermore, a Bulgarian branch can be a more flexible option for companies that want to maintain a closer connection to their parent company.
Say goodbye to personal meetings with notaries and hardcopy registration forms. The registration of a branch is typically easier, cheaper, and faster to register. This is especially true in the EU, including Bulgaria.
Using our Entity Portal, you can register your branch in Bulgaria without involving any lawyer or accountant, at a fraction of the legal costs of setting up a local entity.
Our Entity Management portal allows you to easily register and manage your branch in Bulgaria! Whether you want to apply for a VAT ID, change a director, or register a new trademark, we have simplified and automated entity management in Bulgaria, including accounting requirements!
We guarantee that we can open a bank or EMI account in Bulgaria, so you will be able to operate with a local Bulgarian IBAN number. No cure, no pay!
To update the details of your branch, you simply update your legal entity, which has been used to register a branch. Via our Portal, all corporate changes can be prepared. De-registration in Bulgaria will not result in legal or notary expenses!
You can decide to register a Branch as a Representative Office, which would not have to pay taxes or even submit a tax return. As a fully operational branch, the same corporate taxes typically apply, but there are simplified procedures for tax reporting and compliance!
Get more familiar with our support
When a company expands overseas, it may need to register an overseas branch of its legal entity. In Bulgaria, foreign companies must register as a branch to establish a permanent establishment and conduct business.
The process of branch registration in Bulgaria involves understanding the requirements set by the Bulgarian Commercial Register and the National Revenue Agency.
This may include providing documentation such as:
Additionally, the process may require obtaining a local business license, registering with tax authorities, and complying with local employment laws. It is also important to consider the tax implications of branch registration, as the company may become subject to Bulgarian tax laws and regulations.
The branch registration procedure in Bulgaria is straightforward when using the services of House of Companies.
By successfully completing the branch registration process, the company can establish a legitimate and compliant presence in Bulgaria, enabling it to expand its operations and reach new markets in Eastern Europe and the EU.
When considering the advantages of branch registration compared to setting up a subsidiary in Bulgaria, it is crucial to weigh the potential benefits and drawbacks based on the specific needs and goals of the parent company.
One significant advantage of branch registration in Bulgaria is the ability to carry out business activities under the parent company's name, therefore maintaining a unified brand identity. Additionally, branch registration typically requires less capital and administrative burden compared to establishing a subsidiary, as the parent company retains ownership and control over the branch's operations.
Moreover, branch registration allows for seamless transfer of resources and expertise from the parent company to the Bulgarian market, maximizing operational efficiency and cost-effectiveness. It is also important to note that branch registration comes with its own set of legal obligations and compliance requirements, which are generally less complex than those for a full subsidiary under Bulgarian law.
Therefore, it is advisable to seek the assistance of a reputable service provider like House of Companies, with expertise in foreign company registration in Bulgaria, to navigate the legal and bureaucratic processes involved in establishing a branch and maintaining compliance with local laws. Ultimately, the decision between branch registration and subsidiary formation should be carefully evaluated in light of the company's strategic objectives, financial resources, and risk tolerance.
At House of Companies, we specialize in simplifying the process of branch registration in Bulgaria. Our team of experts is well-versed in Bulgarian regulations and can guide you through every step of the registration process, ensuring full compliance with local laws while maximizing the benefits for your business expansion into Bulgaria.
Feel welcome, and try out our solutions. We can prepare a sample Annual Statement based on your current numbers, so you experience the simplicity of our portal!
Stay updated with the latest news and exclusive offers. Subscribe to our newsletter for regular insights delivered to your inbox!
