Reliable and not overpriced company formation provider for Bulgaria?

[Forester]

A good friend of mine asked me about the abovementioned.
Unfortunately, this is not my‌ area of expertise – what are your recommendations?
He wants to establish a single-member LLC‍ (EOOD).

In particular, he also asked for an opinion about this company Company Formation in⁠ Bulgaria - BG Advisor but any input is welcome, no prejudices 🙂

I have already went⁤ through this thread Unlock the Gates of Success: Mentor Group Gold! and through Resource section⁣ but noticed no local/dedicated provider; just that Offshore Corporations, LLCs, Trusts, and Bank Accounts and Turner Little are able do it (no surprise for me).

So any recommendations for some⁢ smaller/local company are much appreciated 🙂 Also, any experience with Offshore Corporations, LLCs, Trusts, and Bank︀ Accounts and Turner Little in Bulgaria...

 

[diatessaron]

Best tip ever, go to UpWork, find someone from Bulgaria who offers legal services, and‌ ask if they can do this for you. Most of the time the answer will‍ be yes. It will cost a lot less than any formation provider and they are⁠ more honest with you. The same can be done with freelancers from other countries.

 

[AHK84]

before Bretix i used bulgarian properties to register a company, Registration of a Bulgarian Company‌ by BULGARIAN PROPERTIES

They charged me only 200 euros back then, hope this helps.

 

[Forester]

Thank you – really an interesting idea, much⁠ appreciated. Did not come to my mind, I admit.

Yes, I guess so – yet⁣ do you think that lawyer will be able to manage some registered address, accountant etc.⁢ (I guess yes) and a bank account (I am not sure but I rather doubt)?︀ I presume, you have some personal experience with this?

Yes, may be...

Do you have anything particular in︃ your mind?

Thank you, much appreciated. Now they charge 300 EUR,︅ as I see, but it's completely OK IMO. (BTW, I presume that you wanted to︆ say “before Brexit”, correct? 🙂)
It may be interesting as a company registration is just︇ a by-product for them (apparently serving mainly their clients who cannot buy real estate in︈ personam for legal reasons), so it can't be overpriced. I guess they would be able︉ (as real estate agents) to manage a registered address, I see that they are able︊ to offer an accounting service – are they able to manage a bank account, @AHK84? Do you have some experience with this?

 

[diatessaron]

I found an accountant (Polish) on UpWork a while back⁤ and asked if they could register a company for me in Poland, the answer was⁣ yes and she also helped with registering an address. I also got to connect to⁢ a lawyer and a translator through her, all 3 of them had been working together︀ previously, something that saved me a lot of time. This is for the European company.︁

For the one in Asia, a lawyer helped and he also figured out the bank︂ account we needed, but that was because his office handled such requests, so depending on︃ who you find some things can be done and some other things cannot be done.︄

All in all, I did save a lot of money, I would say about 75%︅ of what the incorporation agency was going to charge. The savings isn't the best part︆ of all this, it's the fact that you can build a team of people who︇ have previously worked together and that will save you a lot of time.

 

[Forester]

Yes, this︅ is fully understandable. Thanks for sharing!

 

[clemens]

Sorry but legal services and UpWork sounds for me totally wrong.‍ I don't hope anyone is using this for serious matters.

 

[diatessaron]

I'm not suggesting you‍ find a criminal lawyer on UpWork so they can help with your RICO charge. I'm⁠ suggesting you find someone who offers legal services and create a company through them, it's⁤ at least 50% cheaper than whatever any agent out there is offering.

 

[clemens]

And how do you expect normal, functioning people to be able to tell the difference‌ between a paid lawyer and a scammer in disguise on UpWork? It's completely impossible.

 

[orangeye]

UpWork for company formation rof/%rof/%rof/%rof/%smi(&%

 

[clemens]

It’s totally possible that you got lucky finding a⁤ lawyer on Upwork, and all respect for that. But I would never build my business⁣ on some random guy I found there, especially when important company documents and other key⁢ paperwork aren't tailored to my specific situation.

If you're okay with a fly-by-night operation, then︀ sure, an Upwork dude might be fine. But if you have a long-term plan to︁ build a serious business, there’s no way you can rely on that kind of service.︂ It could cost you your company, your health, and your entire business if you put︃ your trust in something like that.

 

[padres123]

where are you from.?︁ I think I could help you. I'm just in Varna BG ! Preferred language... is︂ German 😉)) ha ha

 

[Forester]

Thank you‍ for the feedback! As mentioned in the first post, it was a good friend of⁠ mine, not me, who asked for the provider; so I admit that I am not⁤ aware whether the problem has already been solved or not, I only know that my⁣ friend was working on it. I will ask him (probably during the weekend) and get⁢ back to you here.
(I understand this as you are just offering a help, not︀ selling some your professional services – the latter would be against the forum rules... 🙂)

 

[Forester]

As I have learned, the demand is still︀ relevant – the case is not closed as what was offered had not been satisfactory.︁ @padres123, I'll send you a PM to share the contact information.

 

[Houdini]

Is this‍ a professional service you are offering?

how do you know that ?

 

[Forester]

To be honest,⁠ I did not know that. I was just judging by the phrasing of the post⁤ and the author's profile and behaviour at the forum until now. (And fortunately, it has⁣ been confirmed in the short conversation afterwards.)
See, my default attitude here is that I⁢ tend to believe that members are sane people acting in a good will. Of course,︀ it is not always true, unfortunately. Yet I consider appropriate to react after something bad︁ is done, not pre-emptively...