Joint Stock Company Formation in Bulgaria?
Procedure to Incorporate: Call a constituent assembly for the company. Make a decision for the establishment of a joint-stock company. For a single member joint-stock company only: Adopt your articles of association. Elect your supervisory board of directors and appoint your management. Subscription of the capital stock – Minimum of 50,000 Bulgarian Leva (about 25,000 Euros) Opening a bank account by the management for collecting the cash instalments. Get a bank certificate for the instalments paid – at least 25% of the nominal value of subscribed stocks. Prepare the documents for the court registration. Get your entry in the commercial register. Make sure that the registration is performed within three months after the constituent assembly of the company. By then the company registration is complete. Wait for the publication of the court’s decision in the State Gazette Register at the National Statistical Institute and receive your BULSTAT number. This must be done within three days a
