Open an SPV in Bulgaria

If you want to open an SPV (Special Purpose Vehicle) in Bulgaria, it is recommended to know the incorporation formalities as well as the characteristics of this structure. In the following lines, you can find out details about how to open an SPV company in Bulgaria, specifying that our agents for opening a business in Bulgaria can help you with all the procedures.

What is an SPV company in Bulgaria?

Usually, an SPV company in Bulgaria is established for various projects to avoid the financial risks. Also, a company in Bulgaria can easily open an SPV, taking into account the formalities. Here are some details about the SPV company in Bulgaria:

• The limited liability company is the proper structure for opening an SPV company in Bulgaria;
• With an SPV company in Bulgaria, you can undertake varied projects, protecting the assets of the parent company;
• Also, there are varied tax benefits when opening an SPV in Bulgaria;
• An SPV company in Bulgaria can operate without problems if the parent company becomes bankrupt;
• An SPV in Bulgaria can facilitate financing for big business projects.

We invite you to contact our Bulgarian local agents if you want to open an SPV in Bulgaria and make sure that you comply with all the incorporation formalities.

Steps to open an SPV in Bulgaria

If you wish to set up an SPV in Bulgaria, it is important to note that there is a process that needs to be followed to comply with all legal and regulatory requirements. The process is quite simple and straightforward if you choose to work with local experts who have experience and knowledge of company formation in Bulgaria. Here is a step-by-step guide on how to open an SPV in Bulgaria:

• Reserving the name with the Bulgarian Commercial Register;
• Drafting the Articles of Association for the SPV;
• Paying the minimum share capital (€1 for an LLC/ OOD/ OOD);
• Registering with the Bulgarian Commercial Register;
• Opening a bank account with a local bank under the name of the company;
• Registering with the Bulgarian tax authorities;
• Ongoing compliance and reporting requirements.

By following these steps, it is possible to successfully open your SPV in Bulgaria and commence your projects with confidence.

Best use for SPV companies in Bulgaria

If you want to set up a company in Bulgaria and more precisely an SPV, you can discover here which is the best use for this kind of structure. For example, you can finance certain projects in areas such as real estate or infrastructure, without taking any financial risks. You can also raise capital with an SPV company in Bulgaria, at favorable rates, without the parent company being involved, which is an advantage. It can be said that opening an SPV company in Bulgaria means isolating financial risks.

We invite you to learn more about company incorporation in Bulgaria from our local agents, including details about SPV companies in Bulgaria. We are here to explain how to open a company in Bulgaria.

How can you incorporate an SPV company in Bulgaria?

Considering that a limited liability company is the optimal structure for opening an SPV company in Bulgaria, the formalities are quite simple and straightforward. The basis of the SPV formation in Bulgaria is the Articles of Association. The board of managers in charge of the respective SPV company in Bulgaria, tax ID, and bank account are also needed. Company formation in Bulgaria comes to the attention of our specialists, so you can contact us if you are interested in opening an SPV in Bulgaria.

Accounting aspects for SPVs in Bulgaria

When you open an SPV company in Bulgaria, you must also consider accounting matters of this structure. For example, SPV in Bulgaria can have its balance sheet and also has the obligation of tax filing and returns. Our accountants in Bulgaria can tell you more about these aspects and offer you the necessary services in this regard. If you need accounting services in other countries, such as Romania, we can put you in touch with our local partners.

Costs and timeline for company formation in Bulgaria

As you open an SPV in Bulgaria or any business entity, some costs to the government and professionals might be involved. For instance, the cost of setting up a company in Bulgaria can fall within the range of 200 to 800 euros, considering official charges and service fees. The process of company incorporation in Bulgaria takes a few business days after the documents have been properly prepared and submitted, which represent good news for Bulgaria startup ventures.

Why choose Bulgaria for SPVs and startups

The business climate in this country is becoming favorable for investment in SPVs in Bulgaria and startups, especially for entrepreneurs who wish to set up their business in this country. Bulgaria’s accession to the Eurozone in 2026 and its flat corporate tax rate of 10% ensure a stable economic environment for Bulgarian company formation and Bulgarian startups. Foreign nationals can own businesses in Bulgaria completely and benefit from the professional support of our accountants and local agents in Bulgaria.

Data on Bulgarian economy

Here are some details about the Bulgarian economy if you are interested in doing business in this country:

• Bulgaria’s economy grew by approximately 3.4 % in 2024 due to private and public consumption and investment;
• Investments also increased in the first half of 2025 due to higher absorption of funds from the European Union’s Recovery and Resilience Facility;
• In addition, GDP growth has been positive at 3.0 % in 2025 and is expected to reach 2.7 % in 2026.

Are you interested in a startup in Bulgaria? Do you want to open an SPV in Bulgaria? We invite you to contact our agents specialized in company formation in Bulgaria and learn more about the formalities involved.