Bulgaria

Ease of Doing Business in

Bulgaria

This page summarizes Doing Business 2015 data for Bulgaria. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category Upper middle income
Population 7,265,115
GNI Per Capita (US$) 7,030
City covered Sofia
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
38 36 down -2

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
71.80 71.72 down 0.08
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

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 2015 Rank 49 DB 2014 Rank*** 41 Change in Rank down-8
DB 2015 DTF** (% points) 91.09 DB 2014 DTF** (% points) 91.06 Change in DTF** (% points) up0.03

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Bulgaria 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).

View methodology
Procedures (number)
4.0 5.0 4.8

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)
18.0 12.1 9.2

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)
0.8 5.3 3.4

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.

View methodology
Paid-in min. capital (% of income per capita)
0.0 5.8 8.8
No. Procedure Time to Complete Associated Costs
1 Execute the minutes of the constituent meeting of the shareholders in the OOD; obtain a notary certified statement of consent and signature specimen of the manager, and a certified copy of the articles of incorporation of the OOD. 1 day BGN 5
2 Deposit paid-up capital in a bank 1 day on average BGN 10 -30 BGN (depending on the bank)
3 Register with the Commercial Register at the Registry Agency 4 days BGN 55 for electronic registration and BGN 110 for hard copy application
4 Register for VAT 1 day (filing), about 12 days for final registration no charge

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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