Documents for Company Registration in Varna

Preparing the correct documents is a critical step when registering a company in Varna. Errors in documents can lead to rejection by the Commercial Register and loss of the paid government fee.

In this guide we cover all required documents for EOOD, OOD and sole trader registration.

Varna (approximately 340,000 residents) is the maritime capital of Bulgaria, with a developed tourism, logistics and IT sector. The city has over 40,000 registered companies, making it an active business centre.

Key Industries:

• Maritime Transport & Logistics
• Tourism & Hospitality
• IT Services
• Trade

Office Rents: Average office rents in Varna are €5–14/sq.m., which is competitive compared to other cities in the region.

Bank Branches: UBB, DSK Bank and UniCredit Bulbank have branches on Knyaz Boris I Blvd., Slivnitsa Blvd. and in the Primorski district.

Notary Offices: Notary offices are concentrated around Nezavisimost Square, Maria Louisa Blvd. and the Odesos district.

To register an EOOD in Varna you need:

1. Articles of association — the core document defining the company's rules
2. Resolution of the sole owner — to incorporate the company
3. Specimen signature of the manager — requires mandatory notarisation of the manager's signature regardless of the filing method. Notaries in Varna are concentrated in the central city area.
4. Declaration under Art. 13(4) of the CRRLEA — veracity of data
5. Declaration under Art. 141(8) of the Commerce Act — by the manager
6. Declaration under Art. 142 of the Commerce Act — no prohibition
7. Bank certificate / deposit slip for the capital from the escrow account
8. Other documents as applicable — e.g. power of attorney or proof of address
9. Application A4 — for entry in the Commercial Register

For an OOD in Varna the same documents are required as for an EOOD, with these differences:

• Partnership agreement instead of articles of association
• Minutes of the founding meeting instead of a sole owner's resolution
• Specimen signature and declarations under Art. 141 and Art. 142 of the Commerce Act from each manager

You have two options for preparing documents in Varna:

Registration documents in Varna are signed in two ways:

• With a QES (qualified electronic signature) — documents are signed by the relevant parties: founders / partners, the manager and the applicant according to the specific document. We recommend a cloud QES from Evrotrust. Important: the manager's specimen signature requires notarisation even when filing electronically.
• On paper — documents are signed on paper, and the specimen signature must be notarised. Notaries in Varna are concentrated in the central city area.

Avoid these common mistakes when preparing registration documents in Varna:

• Incorrect company name — check availability in the CR beforehand
• Incomplete declarations — all mandatory fields must be filled in
• Invalid address — the address must be real and you need a document proving legal basis for use
• Missing specimen signature — the most common reason for rejection
• Capital amount mismatch — the amount in the articles of association must match the deposit slip