Company formation in Bulgaria what is the requirements and steps for start up in Bulgaria

Legal requirements for start up in Bulgaria and how to do a company formation (Ltd) in Bulgaria

Foreign citizens and enterprises can start businesses in Bulgaria under the same conditions as those applying to Bulgarian citizens and legal residents. The conditions are set in the Bulgarian Trade Act (TZ).

• Bulgarian Trade Act 

Business legal formsThe most popular types of companies registered by foreign citizens in Bulgaria are limited companies (OOD) and public companies (AD). The law also provides for other forms of businesses, such as sole traders, although in this case persons wishing to register as such must have Bulgarian permanent resident status.
Rules for running a businessCompanies wishing to go public must meet the requirements of the Public Offering of Securities Act (ZPPTsK) regarding information disclosure and the submission of accounts. All entities licensed by the Financial Supervision Commission or which have obtained a trading permit under the Public Offering of Securities Act (ZPPTsK), the Financial Instrument Markets Act (ZPFI) or the Special Investment Companies Act (ZDSITs) are subject to specific requirements as regulated in these acts and in a number of Finanical Supervision Commission regulations.

Read More