Trade Representative office (TRO) in BULGARIA ( European Union )
A foreign person/entity can register a trade representative office in Bulgaria, provided that it is entitled to conduct business under the national law of its home country. As mentioned above, a TRO is established by means of registration with the Bulgarian Chamber of Commerce and Industry. A TRO is not a separate legal entity and it may not carry out business activities. Thus, a TRO is meant to carry out non-proprietary activities, such as organising promotions, exhibitions or demonstrations, training or advertising of products or services, etc. Consequently, in general a TRO does not generate income and is not subject to corporate income taxation in Bulgaria.
We will assist you to register a Representative office of your foreign company in Bulgaria so that you will have a Representative office in the European Union (Representative office in EUROPE).
Our fee is 890 EUR (equivalent of 960 USD) .
The most convenient and reliable way of obtaining long term residence permit in Bulgaria IS TO BECOME the representative of a foreign commercial firm. The procedure is fast, at low costs and highly efficient.
The procedure of registration takes between 7 and 14 days.
In accordance with Bulgarian Law foreign persons authorized to carry out business activities under their national law, may establish Representative office in Bulgaria. A Representative office is registered at the Bulgarian Chamber of Commerce. The representative office is not a separate legal entity and cannot carry out business activity. Thus, the purpose of the representative office is to perform activities such as promotions, exhibitions, demonstrations, training and advertising of products or services.
Required documents and procedure:
The required documents and procedure for registration of trade representative office of a foreign person are as follows :
1. Application form* with a registration request filed with the Bulgarian Chamber of Commerce and Industry (BCCI) - we will provide you sample of this document;
2. Official document for the registration of the foreign entity, issued by the competent authority in compliance with the person's national legislation;
3. Resolution of the managing body of the foreign entity to open a trade representation office in Bulgaria;
4. Special power or attorney in the original, notary attested issued by the foreign entity in item 2 (above) to the person authorized to register and govern the representation office in Bulgaria. As well as the volume of permitted rights;
5. Official document indicating the persons representing and binding the foreign entity;
6. Original specimens of signatures of the persons, representatives in the Republic of Bulgaria by right or by special powers, notary attested;
7. Document for paid fee for registration in BCCI;
8. Filled-in registration card for the information system of BCCI .