LEGAL STRUCTURE ADVICE
Company formation in Bulgaria is generally a straightforward process, including a number of formalities that have to be performed. Yan Incorporation can help you with the formation of a company in Bulgaria within 3-7 working days.
The types of business organisations most commonly used for establishment of foreign presence in Bulgaria are the LLC (ООД), the JSC (АД) and the branch.
Do not hesitate to contact our business specialists for more information.
LIMITED LIABILITY COMPANY ( LLC ) - ООД
The minimum share capital required by the Commerce Act for incorporation of an LLC is BGN 2 (two Bulgarian Leva) (equal to appr. EUR 1 (one Euro), distributed in shares with value of not less than BGN 1 (one Bulgarian Lev) each, which can be contributed by one or more shareholders.
The shareholders can make both cash and in-kind contributions.
The individual capital contributions of each shareholder do not have to be the same but can vary.
Yan Incorporation can take care of the formation of LLC companies remotely. Entrepreneurs have the possibility of obtaining a permanent residency permit as director of a LLC company.
JOINT STOCK COMPANY ( JSC ) - АД
The minimum registered capital required for establishment and operation of a JSC is BGN 50,000 (fifty thousand Bulgarian Lev), which equals to approximately EUR 26,000 (twenty six thousand Euros), which can be contributed by one or more shareholders.
The shareholders can make both cash and in-kind contributions.
The individual capital contributions of each shareholder do not have to be the same but can vary.
Yan Incorporation can take care of the formation of LLC companies remotely. Entrepreneurs have the possibility of obtaining a permanent residency permit as director of a JSC company.
BRANCH
Any foreign company with a head office and registered business operations outside of Bulgaria can establish a Bulgarian branch office. A branch office is a suitable business form for a foreign company wanting to establish a presence in Bulgaria for the purpose of initiating business and maintaining contacts with business partners.
A branch office has no independent or separate legal personality distinct from the head office itself.
In legal and organizational terms, it is part of the head office business and is thus subject to the law governing the head office.
In this context, the foreign head office company is fully liable to the extent of its own assets for any claims creditors might assert against the branch office.
Any obligations or debts incurred by the branch office are also legal responsibility of the foreign company.
Yan Incorporation can take care of the formation of LLC companies remotely.
YAN INCORPORATION SERVICES
Company formation in Bulgaria is generally a straightforward process, including a number of formalities that have to be performed. Yan Incorporation can help you with the formation of a company in Bulgaria within 3-7 working days.
