How Much Does a Company Cost in Stara Zagora
Registration Costs
Registering a company in Stara Zagora is relatively affordable. Bulgaria offers low fees and a minimal required capital. Here is a full cost breakdown.
Business Environment in Stara Zagora
Stara Zagora (approximately 140,000 residents) is a centre of the Thracian Plain with developed energy, agriculture and food processing industries. The city has over 11,000 registered companies, making it an active business centre.
Key Industries:
- Energy
- Agriculture & Agribusiness
- Food Processing
- Mechanical Engineering
Office Rents: Average office rents in Stara Zagora are β¬3β7/sq.m., which is competitive compared to other cities in the region.
Bank Branches: DSK Bank, UniCredit Bulbank and Postbank have branches on Tsar Simeon Veliki Blvd. and around Beroe Square.
Notary Offices: Notaries are located mainly along Tsar Simeon Veliki Blvd., near the Municipality and in the area of the District Court.
One-Off Registration Costs
| Expense | Electronic | On Paper |
|---|---|---|
| Government fee β CR | β¬28 | β¬56 |
| Notarisation of specimen signature | β¬10β15 | |
| Escrow account | β¬5β10 | |
| Name reservation (D1) | per current tariff (optional) | |
| QES (if you don't have one) | β¬15β25 | |
| Lawyer / external preparation | depends on the service chosen | |
| TOTAL | depends on external fees and services chosen | |
Automated document preparation can reduce the time and cost of external preparation.
Monthly Maintenance Costs
After registration, a company in Stara Zagora has the following ongoing costs:
| Expense | Minimum | Average |
|---|---|---|
| Accounting services | β¬50/month | β¬100β200/month |
| Manager's social security (self-insured) | ~β¬150/month | ~β¬200/month |
| Bank maintenance | β¬3/month | β¬8β15/month |
| Office rent (if applicable) | β¬100/month | β¬200β500/month |
Annual Costs
Companies in Stara Zagora have the following annual obligations:
- Annual tax return β free when filed electronically
- Annual financial statements in the CR β government fee per current tariff; a declaration of inactivity typically carries no fee
- Corporate income tax β 10% of profit
- Dividend tax β 5% upon distribution
How to Save
Tips for reducing company costs in Stara Zagora:
- File electronically β save β¬28 on the government fee
- Use Firmify β save β¬100β250 on lawyer fees
- Choose the right accounting package β don't overpay for services you don't use
- Compare bank fees β the difference can be β¬50+ per year
- Keep your records up to date β avoid fines and penalties