Open a Travel Agency in Bulgaria

The great geographic location of Bulgaria with important Black Sea exits, beautiful beaches and attractive landscapes with mountains and traditional villages makes the country suitable for foreign investments and businesses. As a recommendation, you can open a travel agency in Bulgaria, with internal and external offers, for all local or foreign citizens. Our company formation specialists in Bulgaria can provide you with suitable information about the documents you need to prepare and licenses you need to obtain. The company registration in Bulgaria is an easy and normal process as for any type of company, which can be done within a few working days, if the entrepreneur receives the necessary approvals.

 

 

The tour operator businesses in Bulgaria are listed as companies with the Register of Tour Operator and Travel Agents and registered with the Bulgarian Ministry of Economy, Energy, and Tourism. It is good to know that the travel agencies in Bulgaria deal with an informal registration procedure where special conditions need to be considered:

 

 

The foreign or local entrepreneurs who want to activate as a tour operator on the Bulgarian territory need to prepare the right documents according to the rules and regulations postulated in the Bulgarian Tourism Act. They can also consider the skilled workforce in Bulgaria, where young people are trained and experienced in the tourism sector.

 

If you want to set up a travel agency in Bulgaria, you can receive complete guidance and assistance from our company formation agents in Bulgaria. Details about the company registration procedure will be also offered by our consultants.

 

What is the proper business structure for a travel agency in Bulgaria?

1. An LLC in Bulgaria can be established with a minimum share capital of 1 EUR or BGN 2.
2. The registration of an LLC in Bulgaria starts with a name verification and reservation with the Bulgarian Trade Register.
3. The minimum share capital needs to be deposited in a local bank account.
4. The Bulstat number is the tax identification code that needs to be obtained. LLCs in Bulgaria need to register for VAT and other social contributions.
5. Once the company seal is obtained, the company can have activities in Bulgaria.

What kind of activities can I have as a tour operator in Bulgaria?

• • Besides booking destinations, a travel agency can reserve flight tickets and hotel accommodations.
• • Travel agency operations can also address to companies and group services.
• • Local and international destinations can be booked for all kinds of tourists.
• • Your travel agency can also handle all the requirements in terms of visas.

Can I open a travel agency in Sofia?

 

 

Bulgaria is a welcoming country where businesses can be established on suitable costs and profits. A travel agency can be a proper choice for all foreign investors who want to establish their presence in the country. Greece, Turkey, Romania, Macedonia, and Serbia are strong economic neighbors for Bulgaria, but as a travel agency, you can develop great relations with exotic destinations worldwide, to provide the clients interesting travel and holiday offers. Owning and developing a travel agency in Bulgaria is from many points of view a great business idea that addresses to local and foreign investors wanting to enlarge their portfolios in the tourism sector. Another great advantage is that a tour operator in Bulgaria can have access to a wide range of local and foreign partners and can develop a large database of clients, local and abroad. We remind that international entrepreneurs with companies in Bulgaria can benefit from a series of important incentives and encouragements if they hire local workforce and make investments in the company.

 

Investing in Bulgaria

1. According to the 2020 Doing Business report issued by the World Bank, Bulgaria ranks 61st out of 190 worldwide economies.
2. Around 17.3% of the total investments in Bulgaria in 2018 came from the Netherlands.
3. Most of the foreign direct investments, around 24% were directed to the real estate sector in Bulgaria in 2018.
4. The total FDI stock for Bulgaria in 2018 was approximately USD 49.2 million.
5. Bulgaria has the lowest corporate tax rate in Europe, set at 10%.

 

If you want to open a travel agency in Bulgaria or if you need information about the company registration procedure you can contact our team of company formation representatives in Bulgaria.