Set up your company in Bulgaria remotely —
with no capital deposit

For an online business targeting Europe, none of these jurisdictions can compete with Bulgaria operationally. US LLCs, Dubai freezones and Hong Kong companies share one thing in common: they sit outside the European Union. Direct consequence: Amazon, Stripe, PayPal, Temu, Shopify and Fiverr impose enhanced verifications or outright refusals on non-EU entities.

• Platform access: a Bulgarian company (EOOD, OOD, EDPK, DPK) is a fully-fledged European company — immediate access to every marketplace, no friction, sales to all European consumers without restriction.
• Intra-EU VAT: obtained in 3 working days on average — usable immediately on every EU marketplace, something a non-EU entity cannot do directly.
• Real cost: Dubai imposes up to $5,000/year in renewal fees, Hong Kong generates growing accounting and banking obligations. The Bulgarian company: €0 in renewal fees.
• Banking access: European banks refuse to open accounts for non-EU structures, or impose 6 to 18-month procedures. With a Bulgarian company, Airwallex, Paysera, Wise, Revolut and local Bulgarian banks are accessible from incorporation.
• Eurozone since January 2026: your euro operations with no FX risk, no conversion fees — unlike a US LLC (USD), a Dubai freezone (AED) or a Hong Kong company (HKD).
• Share transfers — 0% in Bulgaria for a non-resident seller: under Bulgarian domestic law the gain on non-listed shares is taxed at 10%, but for a non-resident seller the tax treaty usually allocates the gain to your country of residence — 0% in Bulgaria, taxable where you reside (a full 0% only applies to listed securities on an EU/EEA regulated market, or if you reside in a state that does not tax capital gains). General information; each tax treaty must be checked individually.
• Zero foreign reporting obligations: a US LLC owned by a non-resident generates US obligations (Form 5472, Form 1120, FBAR). The Bulgarian company: zero reporting to a foreign administration.
• Native GDPR: automatic compliance, without the Schrems II constraints of a US LLC or a Hong Kong entity handling European customer data.
• 70+ bilateral tax treaties: dividends and double taxation governed directly for UK, US, Irish, Canadian, Australian, French, Belgian and Swiss residents — documented, enforceable with tax authorities.
• Minimum-cost substance: physical office from €29/month, cost of living among the lowest in Europe — building real economic substance costs 10 to 20 times less than in Dubai or Hong Kong.

10% corporate tax, dividends from 0%, full access to European platforms and banks, €0 in renewal fees. Bulgaria isn't a compromise — it's a particularly strong choice to run an online business from Europe.

Anywhere in the world. A Bulgarian EOOD, OOD, EDPK or DPK is a fully-fledged European company — it can invoice, buy, sell, sign contracts and receive payments in every country worldwide: USA, Canada, China, Japan, India, Africa, Middle East, Latin America, Southeast Asia, with no specific geographic restriction.

Unlike a US LLC, a Bulgarian company is not subject to US sanctions (OFAC). It is subject only to the official sanctions of the European Union, applicable to any company domiciled in a member state. The complete and up-to-date list of countries and entities concerned is available directly at sanctions.europa.eu.

Yes, it is fully legal. Under EU Directive 2017/1132/EU on freedom of establishment, any EU national — or foreigner — can incorporate and own a Bulgarian company (EOOD, OOD, EDPK or DPK) without being a Bulgarian resident. Bulgaria has been a member of the European Union since 2007, in the eurozone since January 2026, and applies every EU directive (DAC6, ATAD, CRS, AMLD). The 10% corporate tax rate is Bulgaria's permanent statutory corporate income tax rate, in force without interruption since 2007, maintained by every successive government.

The question is not the legality of the Bulgarian company — it is not in dispute — but the risk of tax recharacterisation in your country of residence (permanent establishment, effective tax residency). To secure your structure, tax lawyers like Valoris Avocats typically recommend:

• A physical office in Bulgaria with a real address — Fenchell provides this from €29/month
• Disclosing the company's bank account to your local tax authority — mandatory, a single line on your tax return
• Clients or suppliers outside your country of residence — natural for any international online business
• Evidence of real economic activity in Bulgaria: plane tickets, local contracts, invoices from Bulgarian, Romanian or Turkish suppliers

To further strengthen substance: hire a part-time resident assistant or manager, store goods in Bulgaria, source from regional suppliers. The tax treaty between your country of residence and Bulgaria also governs how dividends and withholding tax are treated.

In the event of an audit, the tax authority in your country of residence will check 5 specific points. Here's what they look for — and how a company set up by Fenchell answers each one.

1. Do you have a real physical office in Bulgaria? That's the first reflex of any tax inspector. With Fenchell: commercial lease in your name, Letter of Occupancy, monthly office invoices, Bulgarian mobile line contract and carrier invoices — all this evidence is available and admissible with your tax authority from day one.
2. Have you disclosed your Bulgarian company to your local tax authority? In virtually every European country, you are required to declare your foreign company's bank account on your annual tax return. It's a simple formality — a single line on your return — but failing to do so is the number-one red flag for an inspector.
3. Do you have clients outside your country of residence? If all your clients are based in your country of residence after 1 year of activity, your local tax authority could recharacterise your Bulgarian company as a local permanent establishment. Just having a few clients in other countries is enough to remove this risk — natural for any international online business.
4. Do you have a director on site — or do you travel regularly to Bulgaria? If you are the sole director and never visit Bulgaria, your tax authority could deem the company to be effectively managed from your country of residence and proceed with recharacterisation. 2 to 3 trips per year are enough — provided you keep the proof: plane tickets, hotel invoices, expense reports. Alternative: hire a local Bulgarian director, an option Fenchell can facilitate.
5. Have you declared your personal income? Salaries and dividends paid from your Bulgarian company must be declared in your country of residence, in accordance with the bilateral tax treaty between your country and Bulgaria. Failure to declare is the easiest risk to detect — and the most severely penalised.

Tax lawyers like Valoris Avocats can audit your personal situation and secure your structure before any tax review.

No, absolutely not. From the Bulgarian tax authority's standpoint, owning or managing an EOOD, OOD, EDPK or DPK remotely creates no automatic Bulgarian tax residency. Personal tax residency depends on a combination of criteria — including the 183-day rule, the permanent home and the centre of vital interests. Owning and managing a company in Bulgaria, even while paying yourself salaries and dividends, does not make you a Bulgarian tax resident.

The bilateral tax treaty between Bulgaria and your country of residence (UK, US, Ireland, Canada, Australia, France, Belgium, Switzerland) governs exactly how taxing rights are allocated.

Tax lawyers like Valoris Avocats can answer your questions.

Four main channels, combinable according to your situation:

• Salaries: you can pay yourself any amount from your Bulgarian company to any personal IBAN worldwide. Social contributions are capped and can drop to 0% under certain conditions. Payslip creation is integrated into our accounting service — all you need to do is make the transfer.
• Dividends: at year-end, you distribute the realised profits as dividends, in whatever proportion you choose. Bulgarian withholding tax rate: 5%, reduced under the bilateral tax treaty between Bulgaria and your country of residence (UK, US, Ireland, Canada, Australia, France, Belgium, Switzerland). If your Bulgarian company is owned by another company domiciled in the European Economic Area, the rate drops to 0%. Handling and filing integrated into our accounting service — all you need to do is transfer to your personal IBAN.
• Intellectual property royalties: if you own a trademark, patent or any other intellectual property used by your Bulgarian company, you are entitled to receive regular royalties at reduced or 0% rates under the applicable tax treaty — paid directly to your personal bank account, wherever you are in the world.
• Inter-company invoicing: if you operate several entities in different countries, your Bulgarian company can receive or issue invoices for real services or goods supplied between those entities — consulting, logistics, technology, licences. These inter-company flows are common in international groups and must respect the arm's length principle as defined by the OECD.

Three scenarios:

• You already pay social contributions in an EU country: you have no social contributions to pay in Bulgaria — with or without a salary from your Bulgarian company. EU Regulation EC 883/2004 on the coordination of social security systems applies: one country of contribution at a time.
• You pay yourself a salary from your Bulgarian company: total social contributions (employee + employer) come to around 33%. However, they are capped on the first €2,100 of monthly salary. Above this, no additional contributions apply. In practice: a salary of €15,000/month generates exactly the same contributions as a salary of €2,100/month — the remaining €12,900 is subject to no social charges.
• You pay yourself no salary: in theory, Bulgaria imposes minimum social contributions on the director even without remuneration. In practice, according to our partner accounting firm's experience, foreign non-resident directors with no salary are not subject to assessments on this basis. This situation is evolving — we recommend monitoring it annually.

Yes, and you can do so even from the other side of the world. A Bulgarian EOOD, OOD, EDPK or DPK can remotely hire local Bulgarian employees, expats residing in Bulgaria, or non-residents based anywhere in the world.

Local hiring — immediate government subsidies: if you hire employees based in Bulgaria — Bulgarian or foreign residing locally — you can benefit from day one from the employment support programs of the Bulgarian Employment Agency (Агенция по заетостта). These subsidies can reach tens of thousands of euros and fully cover salaries, social contributions or training costs.

International hiring: your Bulgarian company can also employ non-resident employees, in compliance with the social security treaties applicable between Bulgaria and their country of residence.

Bulgarian payslips, social declarations and employment contracts are handled entirely by our partner accounting firm.

Professional indemnity insurance (PII) is mandatory in Bulgaria for certain regulated professions: doctors, lawyers, notaries, chartered accountants, insurance brokers, real estate agents, builders. For other activities — e-commerce, digital freelancing, trading — it is not mandatory but strongly recommended.

A Bulgarian EOOD, OOD, EDPK or DPK can take out PII with major insurers operating in Bulgaria: Generali, Allianz, DZI, Lev Ins, Bulstrad VIG. Premiums start from €50/year for a low-risk activity — among the lowest in Europe.

Our team can guide you to the offers suited to your profile.

Yes, in both directions.

Bulgarian holding company: your Bulgarian company (EOOD, OOD, EDPK or DPK) can hold stakes in other companies — Bulgarian, European or international. Classic structure: a Bulgarian holding at 10% corporate tax owning one or more operational subsidiaries. Dividends paid by your Bulgarian holding to a parent company that is tax-resident in the EU/EEA are exempt from withholding tax at 0%, with no minimum shareholding or holding period: this is the Bulgarian parent-subsidiary exemption (Art. 194(3)(3) CITA / чл. 194, ал. 3, т. 3 ЗКПО). EU Directive 2011/96/EU only sets an EU minimum (10% holding, 2 years) that Bulgaria has transposed more generously. It is one of the most tax-efficient holding structures in Europe.

Foreign company owning a Bulgarian company: conversely, your Bulgarian company can be owned by a foreign entity — UK LTD, US LLC, French holding, Emirati structure. Bulgaria imposes no restriction on the shareholder's nationality. Dividends paid from the Bulgarian company to a parent company that is tax-resident in the EU/EEA carry 0% withholding tax, with no minimum shareholding or holding period (чл. 194, ал. 3, т. 3 ЗКПО).

In both configurations, a sale of the shares is taxed at 10% on the gain under Bulgarian domestic law, but for a non-resident seller the tax treaty usually allocates the gain to your country of residence — 0% in Bulgaria, taxable where you reside (a full 0% only applies to listed securities on an EU/EEA regulated market, or for a seller resident in a state that does not tax capital gains). General information; each tax treaty must be checked individually.

EOOD is the single-shareholder version of OOD. EDPK is the single-shareholder version of DPK. The real question is therefore: OOD or DPK?

DPK (and EDPK) — variable capital company:

• Can be incorporated without a prior local bank account — you set up your company before even opening a bank account.
• 100% remote formation, with no need to set foot in Bulgaria.
• Recommended by Fenchell for the vast majority of online entrepreneurs.
• Suited to a turnover of up to 4 million BGN (~€2.05M) — above this, Fenchell converts your DPK into an OOD.
• You can open an account at a local Bulgarian bank after your DPK is registered.

More precisely, conversion becomes mandatory if you exceed 2 of the 3 thresholds — fewer than 50 employees, 4 million BGN in turnover, 4 million BGN in total balance sheet — over 2 consecutive financial years (Art. 260a(3) of the Bulgarian Commercial Act).

OOD (and EOOD) — fixed capital company:

• Requires opening a bank account at a local Bulgarian bank beforehand to deposit the share capital — involves either a physical trip to Bulgaria or the local banking option offered by Fenchell.
• Recommended for structures with turnover above 4 million BGN (~€2.05M) per year, or for entrepreneurs who want a local Bulgarian bank account from day one.

The main difference comes down to the initial banking step. An EOOD requires depositing capital into a Bulgarian bank account before registration. An EDPK (variable capital company) allows 100% remote registration, with no prior capital deposit.

In both cases, registration is carried out at the Bulgarian Commercial Register (Търговски регистър) and the company receives an EIK number (the Bulgarian company registration number). Both forms are governed by the Bulgarian Commercial Act.

Yes, 100% remotely.

• By apostille: your documents are signed, legalised and apostilled from your country of residence — no travel to Bulgaria required. Fenchell handles the entire process: preparation of articles of association, power of attorney, filing at the Bulgarian Commercial Register (Агенция по вписванията), obtaining the EIK number (Bulgarian company registration number), VAT registration.
• Via a Bulgarian embassy: if you prefer to sign in the presence of a Bulgarian official, the Bulgarian embassy or consulate in your country of residence (UK, US, Ireland, Canada, Australia, France, Belgium, Switzerland) can legalise your documents on the spot.

In both cases, you set up and run your EOOD, OOD, EDPK or DPK from any country, without ever setting foot in Bulgaria. Fenchell handles on site every step that requires physical presence locally.

The minimum capital depends on the legal form chosen:

• EDPK / DPK (equivalent to a US LLC or UK LTD): €0. No minimum capital required.
• EOOD / OOD (equivalent to a UK LTD): €1. Symbolic capital, payable immediately on registration at the Bulgarian Commercial Register (obtaining the EIK number — Bulgarian company registration number).

In both cases, there is no requirement for high capital. The capital is symbolic, not blocked, and can be increased at any time by decision of the director or the shareholders' meeting, depending on the business's needs.

This is one of Bulgaria's structural advantages: no cash tied up at formation, unlike some Dubai and Hong Kong structures that require significant paid-up capital to open a bank account.

Allow around 2 weeks for a fully operational company, broken down as follows:

• Registration at the Bulgarian Commercial Register (Агенция по вписванията): 5 working days. You receive your EIK number (Bulgarian company registration number) at the end of this stage.
• Full activation of the company: one additional week to obtain the Bulgarian VAT number, the business mobile number, the FID (personal tax identification number, mandatory for accounting) and the QES key (qualified electronic signature, mandatory for Bulgarian administrative procedures).

Around 2 weeks for an EOOD, OOD, EDPK or DPK fully operational — with no travel, from any country. The complete journey runs to ~21 days including signatures, document legalisation and shipping of the originals (variable by country).

No, if you opt for a fintech / neobank account.

• Fintech / Neobank: OFX, Wise, Airwallex, Revolut and Paysera are accessible 100% remotely from the moment your EOOD, OOD, EDPK or DPK is incorporated. Online opening, multi-currency, operational immediately.
• Local Bulgarian bank: if you want a multi-currency account at a physical Bulgarian bank, we offer this option. A single 30-minute trip on site is enough to sign the bank documents. You leave with a business account open — the bank ships your card in your company's name to your home address, wherever you are in the world.

The transition happens in 2 stages.

Stage 1 — Open the Bulgarian company in parallel. You incorporate your Bulgarian EOOD, OOD, EDPK or DPK without closing your current structure — sole trader, LTD, LLC, GmbH, SAS, SARL or any other legal form. The two entities coexist during the transition — no business interruption, no revenue loss.

Stage 2 — Transfer then close. Once the Bulgarian company is operational, you transfer all your accounts to it:

• Seller accounts: Amazon, Temu, Cdiscount, Etsy, Shopify
• Freelance platforms: Fiverr, Upwork, Malt, Toptal
• Payment processors: Stripe, PayPal, Airwallex
• Advertising accounts: Meta Ads, Google Ads

Once the transfers are effective, you close or dormant your former structure with the relevant authority: Companies House for a UK LTD, IRS for a US LLC, CRO for an Irish LTD, URSSAF and Registry in France, BCE in Belgium.

Our team supports you through the entire transfer process — direct contacts with platform partner managers (Amazon Marketplace EU Agency Partner — dedicated KAM, Temu, Octopia — Cdiscount) to facilitate seller account migration.

Yes, without restriction. A Bulgarian OOD or DPK can accommodate as many shareholders as you wish — each with the capital share and voting rights defined in the articles of association.

It is a standard European limited liability company, with all the flexibility that brings: admission of new shareholders, share transfers between shareholders, shareholders' agreement.

On a share sale: under Bulgarian domestic law the gain on non-listed shares is taxed at 10%, but for a non-resident seller the tax treaty usually allocates the gain to your country of residence — 0% in Bulgaria, taxable where you reside (a full 0% only applies to listed securities on an EU/EEA regulated market, or if you reside in a state that does not tax capital gains). General information; each tax treaty must be checked individually.

Yes, on every European and international marketplace — without restriction.

• A fully-fledged European company: a Bulgarian EOOD, OOD, EDPK or DPK is eligible for every EU marketplace. Amazon (all European countries), Temu, Cdiscount, Octopia, eBay, Etsy, Allegro, Kaufland, Otto — no European platform distinguishes between a Bulgarian company and a French, German or Dutch one.
• Amazon Marketplace EU Agency Partner: Fenchell is an Amazon Marketplace EU Agency Partner. Concretely: dedicated Key Account Manager, streamlined seller account opening, accelerated resolution of suspensions and KYC verifications. You don't wait in a generic support queue.
• Official Temu and Octopia — Cdiscount partner: same advantage. Fenchell has direct access to the onboarding teams of these platforms — accelerated seller account opening, support on the documentary requirements specific to each marketplace.
• Intra-EU VAT in 3 days: the essential condition to sell on EU marketplaces — obtained in 3 working days on average with a Bulgarian company, included free for all Fenchell clients.

A Bulgarian EOOD, OOD, EDPK or DPK is a genuine EU company, fully compliant with European verification standards — a major prerequisite that maximises your chances with these platforms. That said, final validation always depends on the overall file (the director and beneficial-owner profile, source of funds, business model) and the platform's own assessment, so no outcome is guaranteed.

• Shopify: a Shopify Business account opened in the name of your Bulgarian company gives access to the full feature set of the platform — Shopify Payments (via Stripe), Shop Pay, international credit cards, multi-currency selling, integrated EU VAT management. Your Bulgarian VAT number is recognised and can be entered directly into your store's tax settings. Shopify Markets, Shopify Plus and Shopify B2B are all compatible with a Bulgarian entity.
• WooCommerce: an open-source solution installed on your own hosting, WooCommerce places no geographic restriction on the merchant's legal entity. Your Bulgarian company integrates with all WooCommerce-compatible payment gateways operating in Europe: Stripe, PayPal, Mollie, Airwallex, Klarna, Paysafe, Sumup.

In both cases, your store's accounting is synchronised automatically with our partner accounting firm — automatic retrieval of Shopify and WooCommerce invoices, EU VAT returns, monthly reporting.

Yes, for 3 structural reasons.

1. Among the lowest overall tax burdens in the EU: 10% corporate tax, dividends from 0% depending on your country of residence. Few European jurisdictions offer a combination this low, legal and stable since 2007.
2. Native compliance with every platform: Fiverr, Upwork, Malt, Toptal, Contra and Freelancer.com accept European entities without friction. A Bulgarian EOOD, OOD, EDPK or DPK optimises your chances of passing KYC checks on these platforms — unlike a US LLC or a non-EU structure that regularly triggers blocks or additional withholding tax.
3. Frictionless international invoicing: eurozone company since January 2026, multi-currency invoicing possible (USD, GBP, CHF, CAD, AED), payments received via Wise, Airwallex, Revolut, Stripe or SEPA transfer — with no FX fees within the EU. You invoice your direct clients and the platforms from a single entity, wherever you are in the world.

Yes. A Bulgarian company (EOOD, OOD, EDPK or DPK) can hold forex, CFD, crypto and equity trading accounts, and declare its gains at the 10% corporate tax rate — instead of the 31.4% French flat tax or US state-variable rates.

• Crypto: Binance, Bybit, Kraken, Coinbase, OKX and Bitfinex offer corporate accounts accessible to Bulgarian companies. Crypto reporting is included in our accounting package — Bitcoin, Ethereum, USDT, altcoins.
• Forex / CFD: IC Markets, IC Trading, Pepperstone, XM and Admirals offer professional accounts for European legal entities. A Bulgarian company accesses them without friction, unlike a US LLC where the connection with these platforms is extremely complex or impossible.
• Prop firm: FTMO, MyForexFunds, FundedNext, The5%ers and True Forex Funds accept payouts to a legal entity. The Bulgarian company makes it easier to open these professional accounts and report on them regularly.

Our partner accounting firm is used to trading operations and crypto reporting — automatic retrieval of transaction histories, Bulgarian tax filing, dividend payments on trading profits.

A Bulgarian EOOD, OOD, EDPK or DPK is a genuine EU company, fully compliant with European KYC standards — a major prerequisite that maximises your chances with these payment processors. That said, final validation always depends on the overall file (the director and beneficial-owner profile, source of funds, business model) and the institution's own assessment, so no outcome is guaranteed.

• Stripe: accepts Bulgarian entities without restriction. Stripe Business account opened in the name of your Bulgarian company, compatible with all Stripe selling countries.
• PayPal: PayPal Business account opened in the name of your Bulgarian company, access to SEPA and international transfers, marketplace-compatible.
• Airwallex: Fenchell's official banking partner. Professional multi-currency account (EUR, USD, GBP, AED, CNY, AUD), dedicated IBAN, virtual and physical cards in your company's name — accessible from incorporation.
• Klarna: compatible with Bulgarian companies for e-commerce merchants operating in the EU — Shopify, WooCommerce integration and direct API.
• Paysafe: accepts European legal entities, including Bulgarian companies, for online merchant accounts and integrated payment solutions.

In addition to these 5 processors: Wise, Revolut Business, Paysera, Mollie, Adyen, Sumup and Worldline — all compatible with a Bulgarian company.

Real companies, with genuine and demonstrable economic substance.

That is precisely what sets EUROTRADE apart from other offers on the market. Every EOOD, OOD, EDPK or DPK incorporated by Fenchell has a real physical office in Bulgaria, a commercial registered address, an active local phone number, a static Bulgarian residential IP, a local agent on the ground — and the full set of activity evidence required to satisfy banks, platforms and tax authorities.

Real substance:

• Physical office with a real address (genuine contract in English, genuine invoices)
• Mail received and photographed
• SMS from the company's Bulgarian mobile line viewable remotely
• Administrative procedures handled locally via 8 notarised powers of attorney
• Bulgarian business mobile line (with monthly invoices)
• Mail forwarded to your country, with content scanning
• Static Bulgarian residential IP address
• Genuine local bank account with regular statements and bank letter

We can even help you hire a local director to further strengthen your substance.

Why it matters: European banks, Amazon, Stripe, PayPal and tax authorities today require evidence of real activity. A mailbox no longer passes these checks. A Fenchell company does.

Everything is designed to demonstrate, with supporting evidence, that your business is actually run from Bulgaria.

No. Each power of attorney is optional and covers a specific, narrowly-defined task. You sign only those matching the services you have chosen.

What are these powers of attorney for? They allow our local agent in Bulgaria to act on your behalf for tasks requiring physical presence on site — and only for those tasks:

• Collection and forwarding of your business bank card
• Pick-up of your business SIM card
• Registration of your company's address
• Filings with the Commercial Register
• Visits to the local tax office
• Receipt and forwarding of mail

What the powers of attorney do not do: they grant no access to your bank accounts, no signing authority on your commercial contracts, no ability to legally bind your company beyond the tasks explicitly listed in each document.

You remain at all times the sole decision-maker of your EOOD, OOD, EDPK or DPK. Each power of attorney is drafted in English and Bulgarian, prepared by our partner lawyers at the Plovdiv Bar.

A Bulgarian EOOD, OOD, EDPK or DPK can be closed at any time, 100% remotely. Dissolution costs vary depending on the activity carried out and the accounting obligations in progress, but remain significantly lower than dissolution costs in the UK, France or Belgium.

In practice, a Bulgarian company is not closed — it is sold on.

On such a sale, the gain on non-listed shares is taxed at 10% under Bulgarian domestic law, but for a non-resident seller the tax treaty usually allocates the gain to your country of residence — 0% in Bulgaria, taxable where you reside (a full 0% only applies to listed securities on an EU/EEA regulated market, or if you reside in a state that does not tax capital gains; general information, each tax treaty to be checked individually). A company with an activity history, an EIK number, an active bank account, intra-EU VAT and open seller accounts (Amazon, Temu, Cdiscount) has real market value — sometimes significant. These assets are sought after by entrepreneurs wanting to start operating immediately without going through formation timelines.

Fenchell can support you on the valuation and sale of your Bulgarian company if you wish to exit.