The company formation and company registration in Bulgaria is fairly quick and simple process. We go through the formation and registration of a limited liability company in Bulgaria with both a single shareholder and multiple shareholders. In Bulgarian language, these are called EOOD, in case of only one shareholder, and OOD if more than one […]

The Bulgarian Commerce Act explicitly provides the following grounds for initiation of insolvency in Bulgaria: Insolvent Merchant The insolvency proceedings in Bulgaria shall be instituted for merchants who are insolvent. In the sense of the Commerce Act, “insolvency” translates as the inability of a merchant (sole trader or company) to execute its payable pecuniary obligation […]

The techniques for mergers and acquisitions in Bulgaria are set forth in the Commerce Act which distinguishes the following types of business transformations: Takeover Merger Splitting Spinning off Transformation by change of the legal form Transformation by transfer of property onto the sole owner With all mergers and acquisitions in Bulgaria, receiving and the newly-established […]

Step Plan for Incorporation of a Joint Stock Company in Bulgaria I. Constituent Assembly A Bulgarian joint-stock company (JSC) shall be incorporated at a constituent meeting attended by all the persons subscribing shares. A founder may be represented by a special proxy whose signature must be certified by a notary public. The Constituent Assembly shall […]

An acquisition of a registered Bulgarian company or other business can be effected through either an asset purchase (asset acquisition) or a share purchase. Deciding which of the two techniques to utilize depends on the objectives of the acquirer. Asset Acquisition in Bulgaria For example, if the purchasing company is interested in a piece of land […]

The Bulgarian Commercial Act differentiates the following commercial company types in Bulgaria: Limited Liability Company Joint Stock Company Partnership Limited by Shares Unlimited Partnership Limited Partnership We start with the most popular company type when it comes to company registration in Bulgaria – limited liability company. Limited Liability Company A limited liability company in Bulgaria […]

This article presents a brief overview of the key benefits from the formation and registration of company in Bulgaria. The following characteristics refer to a multiple owner limited liability company (OOD), single owner limited liability company (EOOD), single shareholder joint stock company (EAD) and multiple stockholder joint stock company (AD). What is the corporate income […]

You have an idea for a community service project, and you need to register NGO in Bulgaria (non-government organization). We can definitely help you out! The Bulgarian law differentiates two types of NGOs – for private benefit and for public benefit. The NGO for public benefit is subject to more strict regulation. For example this […]

The company branch registration in Bulgaria is in many ways similar to trade representative office (TRO) of a foreign company in Bulgaria. What makes the company branch different is that it must be established by an already registered Bulgarian company. For example, if one has already registered a limited liability company in Bulgaria, the latter may […]

The trade representative office of a foreign company in Bulgaria presents an opportunity for the foreign company to enter the Bulgarian market. The trade representative office of a foreign company (TRO) does not have a separate legal personality. The foreign company is accountable for all TRO’s assets and liabilities. Thus, the TRO entry in the […]

The sole trader (sole proprietorship) under the Bulgarian law is a type of trader who is a private individual. Only a natural person can register as a sole trader who is legally allowed to perform commercial activities. Unlike the limited liability company and the joint stock company, the sole trader does not have a separate […]

The share capital of a Bulgarian limited liability company can be owned by a single individual or a single legal entity. In the following lines, we go through the formation and subsequent registration of a single owner (member) limited liability company in Bulgaria. What are the required documents for registration of a single owned limited […]