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    Company Formation in Bulgaria

    Types of Bulgarian Companies There are several types of companies appropriate for conducting business in Bulgaria. According to the Commercial Law issued by The Supreme Court of Cassation of the Republic of Bulgaria, entrepreneurs can choose between five main types of business. Article 64, chapter 10, division 3, mentions their general characteristics. a) Bulgarian General partnership (subiratelno druzhestvo) A general partnership is a company formed by two or more persons for the purpose of conducting commercial transactions by occupation, under a joint trade name. This kind of enterprise does not require a minimum amount of capital. The partners bear joint and unlimited click here liability, beyond the amount invested by…