5 October 2026
Establish a Subsidiary in Bulgaria
Set up a subsidiary in Bulgaria: foreign ownership, the right entity type, share capital, registration and taxes. Request a quote from our Sofia team.
Are you interested in opening a subsidiary in Bulgaria in 2026? You can explore this article and also collaborate with our Bulgarian agents throughout the incorporation stages. Check the key requirements here and access our online services today.
Subsidiary in Bulgaria from EUR 400
The price includes the administrative and notary fees.
| Quick Facts | |
|---|---|
| Applicable legislation (home country/foreign country) | Bulgarian Company Law |
Best used for | – banking, – insurance, – automotive, – IT, – manufacturing |
Minimum share capital | Yes |
| Time frame for the incorporation (approx.) | Around 2 months |
| Management (local/foreign) | Local |
| Legal representative required | No |
| Local bank account | Yes |
| Independence from the parent company | Yes |
| Liability of the parent company | The subsidiary is fully liable for its debts and obligations |
| Corporate tax rate | 10% |
| Possibility of hiring local staff | Yes |
| Minimum number of shareholders for a subsidiary in Bulgaria | 1 shareholder for an LLC (EOOD) in Bulgaria |
Documents solicited | – Articles of Association, – Memorandum of Association |
Approvals issued by | Commercial Registry in Bulgaria |
| What is TIN? | Tax Identification Number issued for forming a company in Bulgaria, including a subsidiary |
| VAT threshold in Bulgaria | EUR 51,130 |
| Accounting rules for subsidiaries in Bulgaria | Respecting the double-entry accounting system, filing annual financial statements |
| Appointing a subsidiary director | Requested by law |
| Notarization of documents | Notarizing, legalizing, and apostilling all documents for opening a subsidiary in Bulgaria is solicited. |
| Resolution for a subsidiary in Bulgaria | Creating a resolution of the parent company informing about the decision to open a subsidiary in Bulgaria is required. |
| VAT returns for subsidiaries in Bulgaria | On a monthly basis |
| Sample of notarized signature of the subsidiary manager in Bulgaria | Requested |
| Advantages of subsidiaries in Bulgaria | Flexibility, independency, 100% foreign ownership, low taxation, etc. |
| Can it have other activities besides the main ones? (YES/NO) | YES |
| VAT in Bulgaria | 20% |
| How can our Bulgarian agents help you? | They can manage all the formalities and procedures of opening a subsidiary in Bulgaria. |
Can a subsidiary in Bulgaria be 100% foreign owned? Is a local partner required?
A subsidiary in Bulgaria can be 100% foreign-owned, and there is no need for a local business partner to open it.
What are the features of a subsidiary in Bulgaria?
- can have a different name than the parent company,
- it has an independent status and can develop other activities too,
- the subsidiary’s debts and/or liabilities do not fall on the parent firm.
What is the optimal business entity for a subsidiary in Bulgaria?
- the limited liability company – OOD in Bulgaria,
- the joint stock company – AD in Bulgaria.
What is the minimum share capital for a subsidiary in Bulgaria in 2026?
- EUR 1 for an LLC,
- EUR 25,000 for a JSC.
You may explore this infographic with details about subsidiaries in Bulgaria:
What is the cost for forming a company in Bulgaria?
Starting at EUR 400.
Where do I register a subsidiary in Bulgaria in 2026?
At the Bulgarian Registry Agency/Commercial Register.
What are the key conditions to set up a subsidiary in Bulgaria?
- ensure a physical business address in Bulgaria,
- choose and reserve the business name for your subsidiary in Bulgaria,
- appoint the director,
- prepare the documents – Articles & Memorandum of Association, the parent company resolution & Certificate of Good Standing, etc.
- deposit the share capital in a corporate bank account in Bulgaria,
- get the tax ID from the National Revenue Agency, etc.
NOTE: All documents must be translated into Bulgarian before submission to the Trade Register.
Do I need a business license when opening a subsidiary in Bulgaria?
Yes, in accordance with the future activities.
Below is a video presentation on the features of subsidiaries in Bulgaria:
Are there any precautions/recommendations to consider when opening a subsidiary in Bulgaria in 2026?
- Bulgaria is in Eurozone and has adopted the new currency. As such, the capital required for subsidiaries must be deposited in Euros,
- subsidiary shareholders must align with the EU Anti-Money Laundering and Know Your Customer policies when opening a subsidiary, keeping in mind that the withholding tax in Bulgaria remains 5% for dividends (the proposed rise to 10% was dropped),
- filing mandatory VAT registration must be made within a maximum of 7 days if the subsidiary exceeds the existing threshold of EUR 51,130.
What is the corporate income tax for subsidiaries in Bulgaria in 2026?
The corporate income tax in Bulgaria is set at a 10% rate, and it is imposed on the worldwide income of subsidiaries. All the details about taxation in Bulgaria can be discussed with one of our specialists.
Interested also in accounting in Bulgaria? Would you like to open a startup in Bulgaria? Our local experts can give you more details. Feel free to discuss with our specialists in company incorporation in Bulgaria for more details about opening a subsidiary in this country. Contact us today!