A joint stock company in Bulgaria is controlled by the management board (minimum three persons involved) where the stockholders are also the investors. Such entity can be easily registered and we recommend you to solicit proper help and guidance from our company formation specialists in Bulgaria in this matter. We remind that if you want to open a company in Bulgaria you may rely on our help and assistance.
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How to register a joint stock company in Bulgaria
The Commercial Register in Bulgaria is in charge of registering a joint stock company in the country, where the enterprises’ documents need to be provided, besides proof of the minimum share capital (BGN 50,000) and details about the company management and people in control of the JSC. Please consider the following documents and requirements when registering a joint stock company in Bulgaria:
• reserve a name for your JSC in Bulgaria;
• prepare the articles of association;
• open a bank account for the minimum share capital;
• register for social contributions;
Steps to consider after a JSC incorporation in Bulgaria
A joint stock company incorporated in Bulgaria needs to register for VAT, to obtain the EORI code from the National Customs Agency and to solicit accounting and bookkeeping services. We remind that the board of executives of a JSC in Bulgaria must meet at least once per year. We remind that the company registration procedure in Bulgaria is an easy process which can be done within a few working days and can be supervised by our Bulgarian team of company formation representatives. If you want to set up a company in Bulgaria, we can help you with suitable guidance.
Our accountants in Bulgaria have the necessary experience and can offer you the services you need for the company you own. Thus, we can take care of payroll, bookkeeping, HR administration, expert tax advice, and a series of financial reports, if requested. As for the costs of these services, they are established depending on the activities, the number of employees, and other aspects.
The main characteristics of a joint stock company in Bulgaria
According to the Commercial Act in Bulgaria, the share capital of a JSC established in the country involves the stocks, which are securities that prove the proprietor is part of the company. All shares of the initial capital must represent at least 25 % of their value and need to be paid. The remaining part of the stocks needs to be paid within 2 years after the foundation of the joint stock company in Bulgaria, this way excluding the possibility of declining the shareholder from the board.
Additional details and information about how to establish a joint stock company in Bulgaria can be obtained if you contact our experts in company formation in Bulgaria.