Bulgaria

Ease of Doing Business in

Bulgaria

This page shows summary Doing Business 2012 data for Bulgaria. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 7,561,910
GNI Per Capita (US$) 6,240.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
59 57 down -2
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 49 43 up -6
Dealing with Construction Permits 128 125 up -3
Getting Electricity 133 134 up 1
Registering Property 66 63 up -3
Getting Credit 8 8 No change
Protecting Investors 46 44 up -2
Paying Taxes 69 72 up 3
Trading Across Borders 91 97 up 6
Enforcing Contracts 87 90 up 3
Resolving Insolvency 90 88 up -2

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 49 DB 2011 Rank 43 Change in Rank down-6
Indicator Bulgaria Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
4 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
18 16 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
1.5 8.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Execute the minutes of the constituent meeting of the shareholders in the ODD; obtain a notary certified statement of consent and signature specimen of the manager, and a certified copy of the articles of incorporation of the ODD. 1 day (30 min.) BGN 5
2 Deposit paid-up capital in a bank 1-2 days BGN 10 -30 BGN (depending on the bank)
3 Register with the Commercial Register at the Registry Agency 4 days BGN 110 - fee for registration electronically
4 Register for VAT 1 day (filing), about 12 days for final registration no charge

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