Case study

Spanish Founder incorporates LLC

Founder from Spain with a Bulgarian Residence incorporates his third company in Bulgaria.

Day 1 - Requests and receives documents same day. Notary visit by CEO and application by our lawyer in Commercial Register

Day 2 - Company has a number

"My Limited Liability Company was established in two days!"

Columbian citizen buys shares in Bulgarian OOD.

Day 1 - Requests and receives documents same day.

Day 2 - Notary contract signing and application by our lawyer in Commercial Register

Day 3-4 - Processing time by Bulgarian Commercial Register

Day 5 - Change is publicly visible

"Ownership changed smoothly with zero downtime. No disputes or post-transfer legal issues. Company continued operations uninterrupted”

US citizen liquidates Bulgarian EOOD.

Day 1 - Requests and receives documents same day.

Day 2 - Notary visit by CEO and application by our lawyer in NRA

Day 30 - NRA provides certificate of acceptance of Liquidation

Day 31 - Application in Commercial Register for starting Liquidation and appointing Liquidator by our Lawyer

Day 34 - Application in Commercial Register of Invitation to Creditors by our Lawyer

Day 40 - Application to NSSI

Day 40 - VAT registration is terminated and stopped monthly VAT reports to NRA

Day 220 - Six months waiting period finalized

Day 220 - Submitting reports to Commercial Register by our Lawyer

Day 224 - Company is closed

“Company closed fully compliant with Bulgarian law. No more reporting and accountant fees for a company that is not being used."

Spanish citizen incorporates EDPK

Day 1 - Requests and receives documents same day.

Day 2 - Notary visit by CEO and application by our lawyer in Commercial Register

Day 3 - Company has a number

“We scaled our Startup with a Variable Capital Company, without need of bank account”