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 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.
Timeline: It normally takes between 2-3 weeks to finish the registration process.
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.
Cost of service:
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