FAQs

Yes. As we have just seen, if your company is already generating revenue, and has a very high market value, Fenchell can offer to buy your company at the end of your contract, as well as the accounts on the Marketplaces.

Typically we buy out companies at 8x their monthly profit as well as their assets, such as marketplaces accounts and trademarks. But we can spend more depending on the case.

For example, if your company generates 15,000 euros of monthly profit, we can offer you between 120,000 and 150,000 euros.

We can also offer you to sell your company at an action we will organize gathering several buyers. We will then take a commission on the sale, and we will take care of the contracts, bank fees and notary fees.

It is in our interest and yours to pay all taxes and keep your Bulgarian company in good standing, as the resale value of a profitable and honest company increases considerably, as buyers invest more in a company that is not threatened by legal proceedings, and has a sound history and traceability.

We can also close your accounts and your company permanently, upon your request, the remaining money is then moved to the accounts designated for such withdrawal.

This is absolutely impossible, as the Nominee-director is bound by an employment contract with us, which stipulates that he cannot act against the interests of the Customer or our Company, and he also risks imprisonment if he violates the rules of the contract, and a fine of several hundred thousand euros in the event of embezzlement.

What’s more, the Nominee-director will never have access to your bank accounts or credit cards, as this information is confidential and credit cards will be sent by our security service directly to your home, in a secure envelope with “high value” insurance.

The nominee-director cannot withdraw your funds, as he has no knowledge of the codes or name of the company he represents.

In addition, we open several bank accounts for your company, including online bank accounts, which enable you to store your cash and remain inaccessible to anyone except you, who can link your telephone number to these accounts, for example.

Finally, we have agreements and well-developed personal relationships with bankers who live in our city.

They know our company and our Business Center, our nominee-directors are our employees and are under our control.

We choose people who have a stable situation.

Opening a bank account or company remotely as a foreign citizen is no longer possible, even if you buy an existing company, you have to move or use a nominee director who officially occupies the role of director of the company, without actually managing it.

Banks require a Bulgarian citizen with permanent residence and a good reputation.

The Nominee-Director is bound to us by his contract, and puts his identity documents and person at our disposal during meetings with marketplaces or banks, or even the authorities if necessary.

The administrator is “rented” for the life of your company, and if the administrator leaves our company for any reason, a new administrator, whom we also manage, will be immediately assigned to your Company.

This means that your identity remains hidden from the Bulgarian authorities and, more generally, increases your security and reduces your personal risk.

Of course, we also protect our employee in the role of director against possible fraud, and we pay close attention to the use of your company and bank accounts, as the director is criminally liable and covers you in the event of problems.

In addition to company and bank accounts, we also register your company for tax and VAT purposes throughout the European Union.

We use a Bulgarian citizen, who is our employee, as a nominee director for your company, who is one of our employees.

This person is dedicated to your company and holds the position of company director.

The Director has the power to open bank accounts with us and partner banks, as well as to open telephone and Internet accounts for you, and to authenticate official documents.

However, the Director is bound to secrecy and has no power during the life of your company. You are the sole owner of the company.

Yes, we are the first law and accountancy firm to offer such a comprehensive service in the best tax haven in the European Union. 

Until recently, Estonia and Ireland were the best places to set up a company, but this has changed with the change in banking and tax policies.

No provider has ever offered a package that includes not only the companies, but also the bank accounts with bank cards, the Nominee-Director, and above all the company’s real internet invoices, essential for creating your accounts on the marketplaces. 

We’re the first to create such a comprehensive offering, and our competitors refuse to take such risks, especially at this price. 

For our part, we’re counting on a growing number of customers to consolidate our profitability, and we’re banking on Bulgaria’s growing strategic position to consolidate our position as number 1 in the sector.

A Bulgarian company is by far the best option for creating all the accounts you want on European and other marketplaces, to sell your products online, without moving from home for the following reasons:

The 10% tax on corporate profits is an absolute record in Europe, and the 5% tax on dividends is a second record. 

Bulgaria is already in the European Union, and is also preparing to join the Schengen area and the Euro, which will boost its competitiveness and the speed with which goods move. 

But that’s not all: Bulgarian banks are reputed to be among the strictest in the world, but also among the most solid (solvency index calculated on the basis of shareholders’ equity and investments). 

They have a good reputation in the various marketplaces. 

Bulgaria is innovating in terms of logistics and robotization, and is gradually becoming a major logistics center for imports and e-commerce. 

All these advantages give a Bulgarian company real resale value, meaning that a company with a good track record will be easily resold to Bulgarian citizens or foreigners wishing to take advantage of the solidity and reputation of a Bulgarian entity for their own business.

We are a firm of lawyers, accountants and ecommerce experts (some of us have worked at Amazon and Paysera in the past). 

We have come together to offer a full range of services for Ecommerce sellers: Action Plans, NNN Contracts, Offshore Companies, Banking, Accounting, Material Analysis to copy competitors’ products, Website creation and SMS advertising are our main services. 

We develop very strong personal relationships with our partners, and this leads us to outperform the competition.

We have several companies: Bulgaria, USA and Hong Kong.

The team that manages the Bulgarian companies works from Bulgaria at the following address: « BUSINESS CENTER FENCHELL, POBEDA 25, 4003, PLOVDIV « . We will be glad to welcome you anytime in our offices !