Company Formation

Many foreign investors find the Limited Liability Company (OOD) or Sole Proprietorship Limited Liability (EOOD) the best company structure for their business in Bulgaria. It holds out several advantages like extremely low capital required for registration, and options for shares transfers.

The Foreign Company Branch is part of a certain foreign company and is considered an extension of that company, not a separate legal entity. It does not possess its own capital but it must have its own property or assets.

The partnership limited by shares, or PLS, is a company governed by limitedly and unlimitedly liable partners. At least one unlimitedly liable partner and no less than three limitedly liable partners are required. The capital must at least BGN 50 000 (approx. EUR 25 000).

General partnership is a company set up by unlimitedly and jointly liable partners, who are liable for the entity`s obligations with their personal property. This kind of company does not have its own capital. Minimum two partners of any country are required.

The Limited partnership is formed by limitedly and unlimitedly liable partners. At least one unlimited liable partner is required. No minimum capital is required. The name of the LP must contain the name of at least one of the unlimitedly liable partners.

The Joint stock company consists of limitedly liable shareholders only. The minimum capitalis BGN 50 000 (approx. EUR 25 000) and is divided in shares. This kind of company can provide additional financial resources for its activities by selling obligations.