Establishment of a Branch in Bulgaria

Setting up a Bulgarian branch by a foreign company is one of the legal forms for establishment of a business presence in Bulgaria. Usually the branch office is considered to be an alternative to being a (sole) shareholder of a Bulgarian company. The Bulgarian branch office is not a separate legal entity but a part of the foreign company. As a result, share capital of the branch is not required and the foreign company is liable for the liabilities incurred by the branch. Legal Representative of the Bulgarian Branch Though the Bulgarian branch office is not a separate legal entity … Continue reading

Transformation of a Bulgarian Limited Liability Company into a Joint Stock Company

Various reasons may lead you to the resolution that a going limited liability company in Bulgaria is necessary to be transformed into a joint-stock company. Improvement of the image of the company with regard to future financing/projects, provision of certain anonymity to the shareholders, bond issue, planned listing of the company on the Bulgarian stock exchange, etc., is just a short list of the likely reasons for a Bulgarian company to be transformed. Bulgarian Company Transformation procedure: Preparation of a notarized transformation plan by the director(s) of the company The main purpose of this plan is to outline the mechanism … Continue reading