Sole Trader ET
Bulgarian Corporate Law allows foreign nationals to remotely register a company in Bulgaria by granting power-of-attorney to a Bulgarian Law firm. The lawyers at Markony Immigration Services, LLP will work with you to remotely register your Sole Trader ET company in Bulgaria for only EUR 249.
The ET is a company designation in which the owner’s liability to creditors is unlimited to the amount of capital invested in the company. Liability does extend to the individual assets. The benefits of the Bulgarian Sole Trader ET company are the complete independence in decision-making and profit-sharing, and the easy, quick and inexpensive setup process.
Our Comprehensive “Bulgarian ET Company Formation” package includes:
• All registration and lawyer fees.
• International delivery of all documents.
• Preparation of a complete set of incorporation documents (Memorandum, Articles-of-Association, Power-of-Attorney, Declarations, etc.)
• Opening of a company bank account (at a bank of your choice) for deposit of the initial required capital.
• Registration of the company at the Bulgarian Commercial Register.
• Preparation of the company’s official seal.
• Printed Certificate of Company formation.
Additional services not Included in the “Bulgarian ET Company Formation” package:
1. Appointment of a nominee director of your newly-established Bulgarian Sole Trader company – EUR 200 (USD 270) annually.
2. Use of the Markony Immigration Services, LLP office address as the official address for your newly-established Bulgarian Sole Trader company – the service is free for the first year.
*The Sole Trader ET company is registered for 48 hours. Pursuant to the Bulgarian Company Act, share capital is not required for the registration of a ET company.
**The nominated director is authorized to prepare business invitation letters for the owner of the company.
The Bulgarian law allows owners of a Sole Trader ET company to obtain a Bulgarian Business Type D visa and temporary residence permit if they employ at least 10 local citizens for no fewer than 6 months.