Open a Company in the Construction Field in Bulgaria
Open a Company in the Construction Field in BulgariaUpdated on Thursday 15th June 2017
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Bulgaria has various opportunities in the construction field, with two clearly distinguishable directions for investments: residential and commercial property development.
Investors who want to open a company in the construction field in Bulgaria need to comply with the conditions for company incorporation, on one hand, and with the requirements for obtaining construction permits, on the other.
Our lawyers in Bulgaria can provide you with a complete overview of the industry-specific requirements and the steps needed to open a company in the country.
The construction sector in Bulgaria
The construction sector in Bulgaria includes the residential, non-residential and civil engineering subsectors. The development trend is mainly focused on the non-residential component, mainly the office and retail projects. Industrial construction is also projected to grow over the coming years.
The Bulgarian Construction Chamber supports the business sector through legislative initiatives and various measures. The Chamber also offers projects for educational and professional qualification in the field.
The experts at our law firm in Bulgaria can give you more information on the special permits and licenses needed to start a construction company in the country.
Opening a company in Bulgaria
Investors who want to open a construction company in Bulgaria can open one of the following types of companies:
- the limited liability company;
- the joint-stock company;
- the general or limited partnership;
- the branch or representative office.
Those who want to open a company in the construction field often prefer the limited liability company. It provides limited liability to its shareholders, like the joint stock company, but offers a lighter regime in terms of needed minimum registered capital and the accounting and reporting requirements.
The chosen type of company is registered with the Bulgarian Commercial Register, as per the requirements set forth in the Commerce Act. The Memorandum and the Articles of Association, as well as the registration application and the required fees, are submitted upon registration. Our one our lawyers in Bulgaria can give you complete details on the required documents and other issues such as company name reservation.
You can contact our law firm in Bulgaria for information on the laws for investment.