To register a company in Bulgaria without travelling, you do need a properly drafted Power of Attorney (PoA) that lets a trusted local representative open the capital account, sign the incorporation documents, file at the Commercial Register, and convert your bank account after approval in 2026.
Power of Attorney for Remote Company Registration: The Essentials
A Bulgarian company can be formed without you flying in—provided your local representative acts under a valid PoA. In practice, the agent opens the temporary capital account, secures the capital deposit certificate, submits the pack, and converts the account once the company is registered. If you are still mapping the overall path, compare the no-travel process in our remote company formation in Bulgaria overview and use the full remote registration guide as your step-by-step companion.
| Scenario | PoA Needed? | What the PoA Must Cover | Notes |
|---|---|---|---|
| 100% remote setup from abroad | Yes | Banking, signing & e-filing, receiving decisions, answering queries | Classic use case for remote founders |
| Founder in Bulgaria for a week | Often No | — | In-person notary + bank appointments can replace PoA |
| Multiple shareholders abroad | Yes (each) | Collective filings, bank steps | Coordinate notarisation/apostille per country |
| Post-registration banking/VAT tasks | Useful | Account conversion, tax registrations | Save another trip and keep timelines tight |
What a Bulgarian PoA Should Say (and Why Wording Matters)
Think of your PoA as a “task list with legal teeth.” Clear, specific verbs avoid bank or registry hesitation. Below is a field-tested scope that keeps your remote file moving.
| Authority | Used For | Why It Matters |
|---|---|---|
| Open temporary capital account | Bank KYC & IBAN allocation | Enables capital deposit before filing |
| Deposit/confirm share capital | Obtain capital deposit certificate | Must match Articles, avoids queries |
| Sign & e-file incorporation documents | Articles/Founding Act, declarations | Core to no-travel formation |
| Respond to registry queries | Clarifications during review | Prevents avoidable delays |
| Convert capital account to operating IBAN | Day of decision | Lets you invoice immediately |
| Arrange VAT/tax registrations | With tax authority | Smooth compliance post-go-live |
How to Prepare and Legalise the PoA (Notary, Apostille, Translation)
Your country of signing determines whether an apostille is needed. The Commercial Register is the system of record for incorporations (Commercial Register & Registry Agency), and the online route is outlined on the Bulgarian e-Government portal. For cross-border recognition of documents and apostille basics, see EU guidance at the European e-Justice Portal.
| Step | Your Action | Typical Cost (EUR) | Typical Time | Common Pitfall |
|---|---|---|---|---|
| 1) Draft PoA | Use a clear template with defined scope | 0–150 | Same day | Vague or missing banking wording |
| 2) Notarise signatures | Sign in front of a notary | 30–150 | Same day | Signature mismatch with passport |
| 3) Apostille (if required) | Apply per local authority | 40–120 | 1–3 days | Skipping apostille when needed |
| 4) Sworn translation | Translate into Bulgarian if requested | 50–120 | 1–2 days | Non-sworn translation rejected |
| 5) Courier originals | Send tracked to your agent | 30–60 | 1–3 days | Untracked or delayed delivery |
Remote Timeline with a PoA (From Draft to First Invoice)
Once your legalised PoA reaches your representative, the remaining steps are quick—especially for Ltd. structures. The “official” approval is just one piece of your calendar: plan the pre-filing logistics too.
| Phase | Output | Typical Time | What Speeds It Up |
|---|---|---|---|
| Draft & legalise PoA | PoA notarised/apostilled, translated | 2–5 days | Book notary + apostille back-to-back |
| Courier of originals | Agent receives PoA | 1–3 days | Express tracked courier |
| Capital deposit | Bank capital certificate | Same day | Pre-share KYC documents |
| E-filing & review | Case number & decision | 1–3 business days | Consistent documents |
| Bank conversion | Operating IBAN | Same day | Pre-book conversion on decision day |
Company Types, Ownership, and Transformations—How PoA Fits
Foreigners can own 100% of a Bulgarian company; directors can be non-resident. EOOD (single-member Ltd.) and OOD (multi-member Ltd.) are most popular with remote founders. Joint-stock forms (EAD/AD) suit investor-ready teams and require 25,000 EUR capital. If you start lean, you can transform later as you scale.
| Form | Owners | Min. Capital (EUR) | PoA Viability | Best For |
|---|---|---|---|---|
| EOOD | 1 | ~1 | Excellent | Solo consultants, micro-SaaS |
| OOD | 2+ | ~1 (total) | Excellent | Small agencies, co-founders |
| EAD | 1 | 25,000 | Good (more paperwork) | Investor-ready ventures |
| AD | 2+ | 25,000 | Good (board governance) | Scale-ups, financing rounds |
Registered Address, Banking, VAT—PoA in the Real World
A valid Bulgarian registered address is mandatory; banks and the tax authority use it for notices and KYC. Your PoA allows your agent to execute the essential banking steps (capital deposit and account conversion) and help with tax registrations. For an up-to-date sense of the regulatory ecosystem, the Bulgarian National Bank publishes banking rules, and EU VAT frameworks are maintained by the European Commission.
| Item | What Proves It | Why Banks Care | Founder Tip |
|---|---|---|---|
| Registered address | Contract/consent with full details | Contactability & compliance | Use bank-friendly wording |
| Capital deposit | Capital certificate matching Articles | Evidence of paid-in capital | Mirror the exact figure |
| Operating IBAN | Registry decision + bank conversion | Payments & invoicing | Pre-book conversion slot |
Costs You Should Expect with a PoA-Based Setup
Remote formation adds a few logistics costs (apostille, translation, courier) but remains efficient. For a broader snapshot beyond the PoA topic, see how much it costs to set up your company. After launch, line up bookkeeping and VAT support to keep filings on time.
| Item | Typical Cost | When | Notes |
|---|---|---|---|
| Legal drafting & e-filing | ~450 | Day 1 | Clean pack = faster approval |
| Registered address (annual) | ~120 | Day 1 | Bank KYC + registry |
| State/registry fees | ~60 | On filing | Official processing |
| Notary, apostille, translation | ~270 | Before filing | Varies by country of signing |
| Courier of originals | ~40 | Before filing | Use express tracked delivery |
| Accounting (monthly) | from ~120 | After go-live | VAT, payroll, returns |
If you want one partner to handle bookkeeping, VAT, and payroll from month one, explore our Bulgarian accounting services. For the big-picture rationale to choose Bulgaria in the first place, skim the reasons Bulgaria is a strong base for company formation, and when you’re ready for a quick summary of the whole path, use this six-step overview to register a company in Bulgaria. We deliver fast, secure and tax-optimized company registration in Bulgaria from name check to VAT.
Who Can Act as Your Attorney-in-Fact?
Pick someone established in Bulgarian filings and banking who is available to answer registry queries on short notice. Below are typical options we see work well.
| Option | Strengths | Watch-outs | Best Fit |
|---|---|---|---|
| Specialist formation firm | Turnkey process, banking know-how | Scope must be explicit in PoA | Most remote founders |
| Law firm | Complex cases, JSCs, transformations | Higher fees | Investor-ready teams |
| Trusted individual | Personal attention | May lack bank/registry fluency | Simple EOOD/OOD with guidance |
Compliance After Go-Live (What Your PoA Can Still Help With)
Some founders keep a limited, post-registration PoA in place for VAT registration, occasional bank updates, or document pickups. National tax registrations and returns run through the National Revenue Agency.
Cross-Checks and Status: Where to Verify
You (or your agent) can file and monitor your case at the official Commercial Register & Registry Agency portal. The Bulgarian e-Government portal outlines the online procedures and forms in one place.
Talk to a Specialist—Free 30-Minute Call
Tell us your model (consulting, e-commerce, SaaS), country of signing, and launch date. We’ll map a precise remote plan—PoA wording, document pack, calendar, banking, VAT, and monthly compliance—for 2026. Book your free 30-minute consultation and start from a clean, compliant template.
Frequently Asked Questions
Do I need a Power of Attorney to register a Bulgarian company remotely?
Yes, you do need a Power of Attorney to register a Bulgarian company remotely, because it authorises your representative to handle banking, sign documents, e-file the pack, and respond to registry queries on your behalf.
Does the PoA have to be apostilled if I sign it outside Bulgaria?
Yes, the PoA generally has to be apostilled if you sign it outside Bulgaria, because cross-border recognition typically requires an apostille plus a sworn translation depending on the country of signing.
Can one PoA cover multiple shareholders who are abroad?
No, one PoA cannot usually cover multiple shareholders who are abroad, because each owner normally issues their own PoA so the agent can act for each person in filings and banking steps.
Is a PoA still helpful if I plan to travel and sign in person?
Yes, a PoA is still helpful if you plan to travel and sign in person, because it lets your representative handle urgent bank conversions or registry clarifications when you are unavailable.
Can my PoA allow post-registration tasks like VAT registration?
Yes, your PoA can allow post-registration tasks like VAT registration, because you can extend its scope to cover tax registrations and occasional bank updates after the company is formed.
