Foreign entities and individuals prefer to form a Joint Stock Company (JSC) if they conduct larger scale business operations or need to attract capital investment.
There are 2 types of Joint Stock Companies (JSCs) in Bulgaria: “AD” – multiple (a minimum of 2) shareholders and “EAD” – single (only 1) shareholder
Features of a Bulgarian JSC:
- The company must have at least 1 Chairman, 3 Board Members and 1 Shareholder
- No restrictions for nationalities
- 25 000 EUR minimum required capital
- High incentives to generate capital investment
- Obligatory annual audit