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Bulgarian Company
Private Limited Liability Company in Bulgaria - (OOD)

VAT in Bulgaria

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. A private limited liability company may be founded by one or more persons, including foreign natural or legal persons. The minimum foundation capital is Leva 2.00 divided into shares with nominal value of Leva 1 each. 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 manager or managers.

Here is a general explanation of what is needed to set up a private limited company in Bulgaria:

  • produce its articles of association (Memorandum of Association - in the case of a single-person private limited company); the Law on Commerce stipulates the obligatory provisions of the articles;
  • have appointed a managing director (or board of directors);
  • have paid up at its authorized capital, including each member's contribution.

This information together with details of the management, etc., is recorded in the Trade register.
 
 

Step by Step Guide to Setting Up a Private Limited Liability Company in Bulgaria - (EOOD)


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Net Foreign Assets of Bulgaria
Net Foreign Assets of Bulgaria

Real GDP Growth of Bulgaria
Real GDP Growth of Bulgaria

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Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More
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Yordan Letchkov is recognized as one of the best Bulgarian footballers of all times. He is best remembered for scoring the winning goal against Germany during the 1994 World Cup quarter-final, which Bulgaria won 2:1.

SNAPSHOT OF BULGARIA
CORP. TAX 10%!
INCOME TAX 10%!
GDP 2014 € 53.01 B
Inflation -0.5%
Unemployment 11.7%
GDP growth 2014 1.3%
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