History of Bulgaria

Bulgaria, in long form the Republic of Bulgaria, is a country of South-East Europe located in the Balkan Peninsula. It borders the Black Sea on the east, Greece and Turkey on the south, Romania on the north and Serbia and the Republic of Macedonia on the west. Its capital is Sofia.

Bulgaria has a liberal market economy, which has been integrated into the European Union's economy since 2007.

The national currency is the Bulgarian lev, which is linked to the euro at the rate of 1.9583 for one euro.

Bulgaria is an industrialized country and most of the economy is in the private sector.

Good to know :

Bulgarian companies are subject to a corporate tax rate of 10%. The latter may request an intra-community VAT number.

Private Limited Liability Company "OOD"

The private limited liability company "OOD" is the most practical form of creating a foreign company. It includes one or more partners, who may be foreign corporations.

Joint Stock Company "AD"

The joint stock company "AD" is close to the French public limited company. It has at least two shareholders, whose responsibility is limited to contributions. The minimum capital is set at 50,000 leva (25,000 euros). Without a minimum capital, the partnership includes at least two partners, as well as the limited partnership. The Partnership Limited is composed of a minimum of three limited partners and two general partners and the capital requirements are the same as those of the corporations.