Guides/Registering with Firmify — How It Works in Practice

Registering with Firmify — How It Works in Practice

What registering with Firmify looks like

This page describes the real flow through the platform and shows an illustrative example so you know what to expect at each step. We do not publish invented testimonials or ratings — the example below is a representative scenario, not a specific customer.

How the process works

Firmify does not file on your behalf — the platform prepares the full document package and instructions, while you keep control of the filing:

  1. Fill in the company details in the online form (name, seat, scope of activity, capital, partners and manager).
  2. Pay and receive the ready documents — the founding documents and a working checklist/inventory for application A4 are generated automatically; the official A4 application is filled in in the Trade Register portal.
  3. Open an escrow account at your chosen bank and deposit the capital (minimum 1 EUR).
  4. Certify the specimen of the manager at a notary (a mandatory step regardless of how you file).
  5. Sign with a QES — electronically via Evrotrust, B-Trust or another qualified provider.
  6. File application A4 electronically at the Commercial Register and track the status until you receive the UIC.
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The government fee, notary certification and escrow account are the same whether you use a lawyer or register yourself. Firmify saves the time and fee of preparing the documents.

Illustrative example: an EOOD in Sofia

The following scenario is illustrative — it summarises the typical flow through the platform, not a real customer.

Maria wants to register an EOOD for consulting with 10 EUR capital and a single owner-manager.

  • Day 1 (morning): She fills in the form in ~20 minutes — picks a name, checks availability, enters the seat and scope of activity. She pays and downloads the document package.
  • Day 1 (afternoon): She visits a bank, opens an escrow account and deposits the capital; she receives the bank certificate.
  • Day 2: She visits a notary to certify the specimen (~3 EUR).
  • Day 2 (evening): She signs all documents with a QES and files application A4 electronically (government fee 28.12 EUR).
  • Day 5: The Commercial Register enters the company; Maria receives the UIC and activates her business.

Total active time for Maria: a few hours spread over 2 days. Total cost: government fee + notary + bank + the Firmify fee.

Timeline

Stage Who does it Approx. time
Fill in and generate documents You (with Firmify) 15–30 minutes
Escrow account + capital deposit You + bank ~1 business day
Notary certification of the specimen You + notary same/next day
Signing with a QES You minutes
Filing and entry at the Commercial Register You → Register 3–5 business days

Documents in the package

After payment you receive a ready package for a standard EOOD/OOD:

  • Articles of association (EOOD) or partnership agreement (OOD)
  • Resolution of the sole owner / minutes of the general meeting
  • Consent and specimen signature of the manager
  • Declarations under the Commerce Act and the Commercial Register Act
  • Application A4 for entry (filled in in the Trade Register portal)
  • Step-by-step instructions for the bank, notary and Commercial Register filing

All documents are populated with the details you enter, with validations that reduce the risk of common mistakes and refusals.

Outcome and next steps

After approval the company is entered in the Commercial Register and you receive a UIC. From there, the usual next steps are:

  • Opening a current account (converting the escrow account)
  • VAT registration when needed or when you reach the threshold
  • Insuring the manager as a self-insured person
  • Organising accounting and the annual financial report (GFO)

Related guides: How to register a company · Firmify vs lawyer vs DIY · How long it takes · Company costs

Frequently asked questions

No. Firmify prepares all documents and instructions, but the filing at the Commercial Register is done by you with your QES (or on paper). You keep full control and don't grant a power of attorney.

Filling in and generating the documents takes about 15–30 minutes. The notary specimen certification and escrow account are usually 1 business day, and Commercial Register entry with electronic filing is 3–5 business days.

No. The example is illustrative and describes the typical flow through the platform, not a specific customer. Firmify does not publish invented testimonials or ratings.

A complete package of founding documents (articles of association / partnership agreement, resolution/minutes, declarations, application A4 and the specimen), plus step-by-step instructions for the notary, bank and Commercial Register filing.

All guides

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