Setting Up A Business In Bulgaria

By: Vanya Alex
Submitted: 2007-01-17 11:52:07
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

Limited liability company (OOD) is one of the most popular legal forms for carrying out business in Bulgaria. The second form is joint stock company (AD). The common between them is the shareholder’s liability - is restricted to the amount of his share in the capital of the company. If an individual establishes OOD or AD, the one-man company is called EOOD or EAD. These forms are preferred by foreigners to acquire an ownership over land in Bulgaria. At present foreign individuals are not allowed to own land in Bulgaria. Any foreigner who wants to buy land in Bulgaria can do it through establishing a local company. Those restrictions will fall in 2014 at the latest.

The law in Bulgaria also provides for sole trader operations (ET), joint ventures, branches, holdings, cooperatives and representative offices. They all have to be registered with the district court, which is a process that usually takes 2 or 3 weeks.

It is absolutely necessary to use a consulting firm to handle the whole company registration process for you. Bulgaria Consulting aims to be the first point of contact for any firm seeking to enter the Bulgarian markets. Bulgaria Consulting is a Bulgarian-English company, based in Sofia, Bulgaria with representative office in London, UK. We offer a wide range of consulting services in Bulgaria for foreign companies interested in the region.

For more information or to contact Bulgaria Consulting, please visit our web site: http://bulgaria-consulting.mybestshop.co.uk/index.html

Article source: Expert Articles

Most Recent Articles in Entrepreneurialism category

  • 5 Tips to Help You Find a Legitimate Data Entry Job - By: Dina Anderson
    There are several different types of data entry jobs available online. You have your telecommuting data entry jobs, your information processing jobs, order processing jobs, email processing jobs, and so on and so forth. Some of these jobs require experience and you must apply for these jobs. unfortunately, A lot of data entry work is only part time and between the hundreds of people applying for these jobs,you better make sure your resume is up to par.
  • How to Get Your Consumer Invention to Market - By: Joan Lefkowitz
    So you have an idea for an invention? What do you do now? The most successful hair accessory in history, the TopsyTail, made 100 million dollars. This did not happen by miracle or chance. The key was a well-conceived and executed plan. Following an informed approach will help you turn your invention into a bonanza of extra income.
  • Advantages of Singapore Company Incorporation - By: Daniel Seaton
    Company incorporation in Singapore offers many positive incentives. The Singapore government is well aware of its lack of natural resources and thus heavily promotes and supports the development of the service and manufacturing industries. The low corporate and personal tax rates, integrated with tax incentives and further monetary initiatives practiced by the governing bodies in Singapore highlight its appeal.
  • Doing Business in Singapore - By: YL Toh
    There are several reasons why companies and businesses should incorporate a company in Singapore. With a low corporate tax rate and tax incentives, and its economy being very open to world trade due to numerous FTAs being concluded, Singapore allows for an efficient and effective business environment. Hence, with proper planning and structuring, Singapore is an ideal jurisdiction to do business in.
  • 5 Ways To Fight The Recession As A Small Business - By: Mitesh Solanki
    If you have been watching the news, reading the paper, or browsing the Internet, you have stumbled onto the many hopeless articles written about the recession. It seems as if everyone is depending on a financial analyst to give us the green light that things are on the up and up.
  • Why choose Hong Kong to invest in? - By: YL Toh
    There are several beneficial reasons for entrepreneurs to incorporate a company in Hong Kong. With a free and open economy, low taxes, and a strategic gateway to the great hinterland that is Mainland China, Hong Kong provides for an efficient and effective environment for company formation and an ideal jurisdiction to do business in.
  • How To Jumpstart Your Own Business Venture - By: Janice Jenkins
    useful tips can go a long way in helping you get started
  • Can You Make Money from Home as an Entrepreneur? 10 Ways to Know if You're Ready - By: Rita Canada
    Could you make money from home as an entrepreneur? As you leave behind your kids, your hopes, or your dreams for another day at the office, you catch yourself wondering if it's possible. As someone who does successfully make money from home and is enjoying the lifestyle I dreamed of, I have come up with 10 ways to know if you're ready to make the transition and become a successful entrepreneur.
  • The New Valley - Tech Solutions for all - By: Darwin Redshield
    Even during this recent economic recession, Silicon Valley entrepreneurs have proven resilient, continuing to produce a steady stream of innovation. In fact, the start up mentality was built for the trenches. Unlike the gluttonous tech companies at the turn of the century, today's start up thrives on low cost innovation, minuscule resources and minimal encouragement.
  • Tech Investment Trends: Private Equity Bullish on Biotech, Clean Tech and Social Media - By: Jeff Fox
    Venture funding has slowed considerably over the past year, but there are still opportunities for emerging technology companies to secure funding. While VCs are unquestionably more selective and doing far fewer deals, they will soon be ready to get off the sidelines to support companies in promising sectors.