Start a company

Wherever you are located and whatever needs your business has, starting a company in the locations we suggest provides significant competitive advantages like flexibility, better climate, and living conditions as well as the tax benefits prevailing in each of the countries.

Whether you are a company owner and need to transfer your headquarters, or a digital nomad who wants to start a company in a country that encourages entrepreneurship, we are able to offer a wide range of services for the specific countries we suggest in order to help you create a functional, profitable and sustainable business.

Work Anywhere

Enjoy the possibility to start a company in the location you desire while working remotely from another location.

Minimize Bureaucracy

Starting a business in a new market includes opportunities but also requires support. We have created a network of associates in each location to offer you all needed support services to avoid bureaucracy and save you time, effort, and money!

Enjoy a Better Tax System

We offer complete accounting support in order to help you take advantage of the local tax benefits.

Registration of Limited Liability Company (LTD / LLC)

Corporate Form

Company Taxes

Dividends

Personal Taxes

Bank Account

Run a Company

Establish a Company

Ltd

10 %

5 %

10 %

Difficult to open

€150

€600​

Ltd

12.5 %

0 %

20 - 35 %

Open

€90 + €1000 closing

€1900

Personal Company

11.5 % *

5 %

13 % *

Open

€40-200 *

€360

Ltd

1 % *

8 % *

10 % *

Difficult to open

€150

€900

* For more information contact us

Registration of Limited Liability Company (LTD / LLC)

What is an LCC or LTD company and how it works?

The limited liability company’s partners are only responsible for the number of their capital contributions. The company’s obligations are not personally owed by the partners. The limited liability company is appropriate for all business types.

The limited liability company is allowed to own shares in other businesses. It may be owned by one person or established as a partnership between two or more people.

The flat tax rate for limited liability companies is only 10%.

Benefits for businesses with foreign investment for Bulgaria:

  • One of the lowest rates in Europe – 10% for corporate taxes
  • Dividend Distribution Tax 5%
  • The capital needed is 1€
  • Affordable running costs
  • Low office rental costs or real estate purchases
  • Registration is officially concluded in 5 working days.

Shelf-Company

In Bulgaria, there is an option to register a company without traveling to the Republic of Bulgaria. Without the presence of the founders and the managing body, Bulgarian banking institutions will not open fundraising accounts for the purposes of the registration process.

Only in Bulgaria

Conditions for an LCC company:

  • The owner(s) should visit our office in the country the company will be registered and stay there for at least 3-5 working days. For IT and consulting firms there is an option to register remotely (see Self Company below)
  • The owner(s) should provide us with 3 potential company names. We will run a check to make sure these names are available.
  • The owner(s) should provide us with a copy of a personal document (ID or passport)
  • The owner(s) should specify the primary subject of activity. We will include a few different types of standard activities.
  • The owner(s) should specify the capital’s value (minimum 1€) and how it is distributed among the owners in percentage (%).
  • The owner(s) should provide the business’s address. In case the client is unable to provide an address, we can do that (see below for details).

Available Kits to Establish a Company in 4 Countries

locations-flag-bulgaria

Bulgaria

Establish a company

€600
  • Consultation
  • Drafting all legal documents in local language and English.
  • State taxes
  • Notary fees
  • NRA fees
locations-flag-cyprus

Cyprus

Establish a company

€1900
  • Consultation
  • Drafting all legal documents in local language and English.
  • State taxes
  • Notary fees
  • NRA fees
locations-flag-greece

Greece

Establish a company

€360
  • Consultation
  • Drafting all legal documents in local language and English.
  • State taxes
  • Notary fees
  • NRA fees
locations-flag-romania

Romania

Establish a company

€900
  • Consultation
  • Drafting all legal documents in local language and English.
  • State taxes
  • Notary fees
  • NRA fees

Additional expenses (optional):

  • VAT registration and personal tax number: €200
  • Bank account opening process:  €200
  • Registration address: €360 annually

How to get started

Receive Digital ID

We issue your documents

Establish Company

We take care of the establishment for your new company

Setup Business Banking

We setup the company bank account and issue the VAT number

You are good to go!

The next step is yours! You are ready to start working and growing within your community

How it works

How we apply for your company

We draft the legal documents in English and the local language.

We visit a notary

We open a deposit bank account

Registering in the Commercial register and registering of non-profit legal entities is done by us and it takes about 72 hours

Buy a Licensed Crypto-Exchange Company

Are you looking to enter the cryptocurrency exchange market but don’t know where to start? Buying a licensed crypto-exchange company might be the solution for you. Guideforeigners offer a unique opportunity to buy a licensed crypto-exchange company in Bulgaria that is fully compliant with all the relevant regulations. 

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FAQs about starting a new company​

Starting a company in one of the locations we recommend can offer several advantages, including access to a new market, lower operating costs, and favorable tax policies, Each one of the locations has its own advantages in terms of living conditions depending on what you are searching for.

However, starting a company in a foreign country also involves challenges such as navigating different legal systems and cultural norms, as well as potential language barriers and that is what our associates can help you with.

It is possible to form a company digitally, without the need for a physical presence. The specific requirements and procedures for forming a company may vary depending on the country. Still, many EU countries offer online registration that allows entrepreneurs to handle the process from a distance. However, it is important to note that some countries may still require physical presence for certain aspects of the formation process, such as notarizing documents or opening a bank account. It is recommended to consult with a local lawyer or business consultant to understand the specific requirements and steps involved in forming a company in a particular EU country. We are here to help!

The time it takes to register a company can vary depending on several factors, including the type of company being formed, the country or jurisdiction in which the company is being registered, and the complexity of the business structure. On average, it can take anywhere from a few days to several weeks to complete the registration process, although in some cases it may take longer. We know the procedures in each of the locations recommended to help you register as quickly as possible.

Many countries allow companies to have a registered address without having a physical office in the country. This is often referred to as a “virtual office” or a “mail forwarding service.” The specific requirements and regulations for having a virtual office address may vary depending on the country, you can ask us for more details concerning the country of your interest. 

The type of company that can be registered varies depending on the country in which the company is being registered.

However, some of the most common types of companies include:

  • Sole proprietorship: A business owned and run by a single individual, with no legal distinction between the owner and the business.
  • Partnership: A business owned and run by two or more individuals, who share profits and losses.
  • Limited liability company (LLC): A hybrid between a partnership and a corporation, where the owners have limited liability for the debts and obligations of the business.
  • Corporation: A separate legal entity owned by shareholders, with limited liability for the owners and the ability to raise capital by selling stock.
  • Limited partnership (LP): A type of partnership with one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who provide capital but have limited liability.

Whether you are a company owner and need to transfer your headquarters,  or a digital nomad who wants to start a company in a country that encourages entrepreneurship, we are able to offer a wide range of services for the specific countries we suggest to help you create a functional, profitable and sustainable business.

  • We can issue your documents
  • We  can take care of the establishment f your new company 
  • We can set up the company bank account and issue the VAT number 
  • We can prepare all the necessary documents for a tax number and take care of your company’s bookkeeping, making sure your finances are in order and you gain from lower taxes
  • We can introduce you to the right people  to work with