Registering a Single Person Limited Liability Company

A single-person private limited liability company is called "EOOD". It is owned by a natural or a legal person, the sole shareholder exercises the powers of the general meeting and the managing director or board of directors is appointed to run the company. A private limited company must prepare a balance sheet and financial statements each year.

Perhaps, this is the most popular business form used in Bulgaria. Property buyers who need to register a company in Bulgaria in order to purchase land use this business form.

Registering a Private Limited Liability Company

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 5,000 divided into shares with nominal value of Leva 10 each and at least 70% 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 or board of directors.

Perhaps, this is the most popular business form used in Bulgaria. Property buyers who need to register a company in Bulgaria in order to purchase land use this business form.