The most appropriate types of companies for carrying out business in
Bulgaria are: a private limited company, a public limited company, a
single-person private limited company, a holding, a branch, and a
representative office. All of these (with the exception of a representative
office) have to be entered into the commercial register kept with the
relevant district court.
Private Limited Company (a limited liability company) - "OOD" - it is a
commercial company with share capital owned by its members whose liability is
limited to the amount of the capital subscribed. The minimum foundation capital is 1 Euro and at 100% of the capital must be paid up on
foundation. Contributions to the foundation capital may be paid in cash or via
wire transfer. The statutory bodies of the private limited companies are the
general meeting of shareholders, which must be held at least once a year, and
the managing director or board of directors.
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Single Person
Private Limited Company (a limited liability company) - "OOD" - it is a
commercial company with share capital owned by its single member whose liability is
limited to the amount of the capital subscribed. It may be established by one or more persons, including foreign natural or
legal persons. The minimum foundation capital is 1 Euro and 100% of the capital must be paid
up on foundation. Contributions to the foundation capital may be paid in cash or
in kind. The statutory bodies of the private limited companies are the general
meeting of shareholders, which must be held at least once a year, and the
managing director...
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PUBLIC LIMITED COMPANY (a joint stock company) - "AD" - it is a commercial
company with share capital owned by its members whose liability is limited to
the amount of the capital they subscribe. Two or more persons, including foreign
individuals or legal persons can found a joint stock company. The minimum
required capital of a joint stock company is BGN 50,000, increasing to BGN
100,000 if the capital is raised by a public offer. There are different
requirements for establishment of banks, insurance companies and investment
companies MORE ...
Foreign persons who are entitled to engage in business activity under the
legislation of their own countries may set up a representative office which is
registered with the Bulgarian Chamber of Commerce and Industry. Representative
offices are not legal persons and may not engage in economic activity..
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As defined in the Commercial Code, holding is a public limited company, a public
limited partnership or a private limited company with the purpose to participate
in whatever form in other companies or in their management. At least 25% of the
capital of a holding has to be entered directly in subsidiaries. A subsidiary,
according to the local law, means a company in which the holding owns or
controls directly or indirectly at least 25% of the stocks or shares, or can
appoint directly or indirectly more than 50% of the members of the managing
body. The Commercial Code explicitly names the activities, which a holding is
allowed to perform and those, which it is not allowed to perform.
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Foreign legal entities registered abroad, as well as foreign individuals and
other entities, can register a branch in Bulgaria provided they are registered
as commercial entities in accordance with the relevant legislation in their home
country. No authorized capital is required to found a branch. A branch is not a
legal entity, it is part of the company - founder. However, branches are obliged
to maintain accounts as an independent company. A branch of a foreign company
must prepare a balance sheet. MORE ...
Joint Venture is a company formed jointly by a Bulgarian and a foreign partner.
The size of the foreign participation in a joint venture is not limited. Joint
ventures must take one of the forms of business entities pursuant to the
Bulgarian Commercial Code. Establishment of a joint venture is one of the most
popular forms for investing in Bulgaria.
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Before preparing your documents for a company registration in Bulgaria we will
need to know your data. All fields in our registration wizard are obligatory.
Please have in mind that courts in Bulgaria are very strict and any information
missing could result in a delay of your company registration. Registering a
Single Person Limited Liability Company needs to follow the strict guidelines
set by the Bulgarian courts. To prepare your documents we will need all of the
required date about the owner of the company.
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