When considering opening a business in Bulgaria, numerous advantages come into play, including a nominal minimum required capital of 2 BGN for a private limited liability company and a streamlined registration process. Typically lasting only a few days, the registration process may extend up to two weeks in certain cases. The commonly preferred business structures in Bulgaria include limited liability companies for small or medium-sized enterprises, joint-stock companies for larger businesses, and branches of foreign companies serving as extensions of foreign legal entities. Registration with the Commercial Register is a mandatory step, accompanied by applicable fees. Our knowledgeable lawyers in Bulgaria can provide comprehensive details about various legal entities and guide you through the entire company registration process. Notably, one significant advantage lies in the option to utilize a power of attorney for company registration, eliminating the mandatory presence of the beneficial owner in Bulgaria during the process. Additionally, a noteworthy benefit is that companies in Bulgaria incur no running costs if they remain inactive. While the legal entity must submit an annual tax return, this process is straightforward and can be facilitated through accounting services or directly managed by the company's appointed manager.