A joint stock company in Bulgaria is controlled by the management board (minimum three persons involved) where the stockholders are also the investors. Such an 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 you that if you want to open a company in Bulgaria you may rely on our help and assistance.
The Commercial Register in Bulgaria is in charge of registering a joint stock company in the country, where the enterprise’s 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:
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 you that the board of executives of a JSC in Bulgaria must meet at least once per year. We remind you that the company registration procedure in Bulgaria is an easy process that can be done within a few working days. Our Bulgarian team of company formation representatives can supervise the procedures as soon as you get in touch with us. 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.
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.
Foreign entrepreneurs interested in opening a joint stock company in Bulgaria should know that there are two management options in this regard:
Regardless of the management structure chosen, joint stock companies in Bulgaria must respect all the legal and regulatory requirements imposed. In this sense, there is a need for regular shareholder meetings, correct financial records, and fulfilling tax and reporting obligations in Bulgaria.
A joint stock company in Bulgaria requires several important accounting procedures. Here’s what this is about:
Those interested in a solely-owned joint stock company in Bulgaria should know that this structure can be registered and owned by a single person, but with a minimum share capital of BGN 50,000, as in the case of the classic entity. Here is how the registration is done in this case, specifying that those interested in company incorporation in Bulgaria can contact our local agents:
Normally, the solely-owned joint stock company in Bulgaria can be ready and established in just a few days, if all the documents are accepted by the authorities. Do not hesitate to contact one of our specialists to be able to benefit from support in terms of preparing the documents required by the authorities in Bulgaria. You can also be assisted in setting up a company in Bulgaria.
Bulgaria is among the favorite business destinations of those who want to conduct their business in this part of Europe. Branches, subsidiaries, and joint stock companies can be established very easily and can benefit from a favorable tax system. Here are some facts about the Bulgarian economy:
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. We can also help entrepreneurs open a startup in Bulgaria at any time.