Bulgarian Company Formation
The two most popular legal ways of carrying out business in Bulgaria are as a joint stock company (AD) and a limited company (OOD). They restrict the liability of the shareholders to the amount of their personal shares in the initial capital of the company, which makes the AD and the OOD the preferred way to do business for both locals and foreigners in Bulgaria.
- OODÂ´s shares can only be transferred via a court decision
- AD can issue registered, bearerÂ´s and preference shares
- AD is managed by a general meeting of shareholders
- Submit annual financial statements. OODÂ´s statements don't have to be certified by a CPA.
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