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Tools and resources needed

The “Labor Bureau” offices are territorial units of the Main Directorate “Employment Services.”

 

Main activities of the “Labor Bureau” offices include:

 

Registering individuals actively seeking employment

Providing services to individuals actively seeking employment, including:

  1. a) Information about job vacancies
  2. b) Information about employment and training programs and measures
  3. c) Intermediation for job information and placement
  4. d) Professional information, counseling, and guidance
  5. e) Professional and motivational training
  6. f) Participation in employment programs and measures
  7. g) Scholarships for professional qualification acquisition

“Start Your Career” Program:

The main goal of the program is to provide opportunities for unemployed young people with higher education to gain work experience, facilitating the transition from education to employment.

 

Promotion of Entrepreneurship:

 

Development opportunities available in Bulgaria include programs like ABLE Activator, which offers an exclusive 6-weekend entrepreneurship program for self-starters. This program provides knowledge, mentorship, and a network necessary to turn entrepreneurial ideas into reality.

“Mentor the Young” aims to bring about a positive change in the personal, career, and entrepreneurial lives of young people in Bulgaria.

Starting a Business:

The state fee for registering an LLC (Limited Liability Company) or EOOD (Single-Member LLC) is 110 Bulgarian Leva. However, if you submit your application online with an electronic signature, the fee is 55 Bulgarian Leva.

 

You can pay the fee:

 

At the relevant registration office with a bank debit card.

Through a bank transfer. You can find the current bank account information here.

Online.

After making the payment, you should receive a receipt or bank statement, depending on your method of payment.

For notarization of the sample signature of the manager, the fee is 7 Bulgarian Leva.

The bank fee for opening a corporate bank account can range from 10 to 50 Bulgarian Leva, depending on the conditions of the bank you have chosen. If you are a new customer, the bank may also request a fee to conduct a check to ensure you are not engaged in illegal activities, such as money laundering. Banks are legally obligated to perform this check, and the fee can vary, potentially reaching up to 200 Bulgarian Leva, depending on your bank’s terms.

In most cases, the preparation of all necessary documents and registration with the Commercial Register is typically done by a lawyer. By law, the minimum attorney’s fee for this service is 300 Bulgarian Leva. Please note that this is the minimum fee, and lawyers may charge more based on the specific services provided.

Expenses After Registering Your Company

You will need to hire an accountant who will explain what you need to do after registering your company to maintain your finances properly.

You may also need to:

Rent an office space.

Hire employees and pay salaries.

All these expenses will vary depending on the specific arrangements you have made.

Sources: https://refugeelight.bg/index.php/bg

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