Legal Support for Creating a Company in Bulgaria Successfully

The process of company formation in Bulgaria includes several actions that are essential to understand to develop business here. Initially, you need to confirm about the type of business you need to do. Following the Bulgarian Foreign Investment agency, the Bulgarian limited liability company is the popular options for small and medium businesses. There is also a choice of incorporating Bulgarian companies for large firms.

A business entrepreneur who comes from the other country like Croatia or Sweden can also develop a sole proprietorship, partnership or subsidiary in Bulgaria that is conducted by specialists in company formation. The Bulgarian company creation documents should be submitted to a notary, the least share capital will be deposited in the Bulgarian bank account, the notarized documents are need to be registered with the commercial register at the registration agency and should apply for VAT.

You may require legal suggestions about conducting a business in the European countries such as France or Bulgaria. You will receive a complete assistance on how to create a company in Bulgaria to accomplish the process successfully and without any trouble.

The limited liability company is a type of business particularly established by small and medium firms and is developed by members with the liability to their contribution to the capital possessed by the company. It is taken as beneficial to open a Bulgarian limited company as opposite to other jurisdictions, there is no requirement to submit the minimum share capital at incorporation. The documents for limited liability company essential for registration are the articles of incorporation and the memorandum of association. Such kind of company is managed by a director selected by the general meeting of the shareholders. The company name should be unique and followed by termination OOD.

The joint stock company in Bulgaria is a kind of company created for vast businesses and should be incorporated by minimum two people or corporate bodies. The company name should be exclusive and followed by the company termination. Unlike the limited liability company, this entity should offer a minimum share capital of 50,000 – 100,000 BGN divided into shares with least value of 100 BGN. At the bottom, the company establishes by the company norms including the name and registered address of the company, its objectives, information about the capital stock and shares, names of beneficial members and kinds of benefits, modality of

selecting the board of directors and supervisory board, converting or liquidating the agency. The key difference between the closed Bulgarian AD and open Bulgarian AD is the sole the shares of the last one can be traded.

A sole business person can register a Bulgarian company. The person is fully responsible for the company’s debts and can take advantage from the full profits of it. There is no least share capital needed for such kind of business ncorporated in Bulgaria and for liquidation, the owner doesn’t keep individual liability from its business and his personal assets may be influenced by this procedure. You can receive an expert legal assistance to establish your company in Bulgaria without any problem.

Olsen and Partners is a reputed company that offers payroll services, accounting services, tax services, business finance and advisory services, etc. They even help with company formation in Bulgaria. They strive to offer personalized services.