Bulgaria

Types of companies
Proprietorship Ednolichen Targovetz (ET)
General Partnership Sabiratelno Drugestvo
Limited Partnership Komanditno Drugestvo (KD) 
Limited Liability Co Ednolichno Drujestvo s Ogranichena otgovornost EOOD
Joint Stock Co Ednolichno Aktsionerno Drujestvo EAD
Partnership limited by shares Komanditno Drugestvo Aktzii (KDA)
Agricultural Co-operative Zemedelska Kooperatzia
Foreign Co Targovsko Predstavitelstvo (TP) 
 
Limited Liability Company (Ltd)
This type of company is the most common entity in Bulgaria and it is comparable to the English private company limited by shares.
  • 10% corporate tax of the net profit per year
  • 5% dividend tax in case of sharing the dividends
  • 20% VAT
  • The shareholders could be one or more
  • Shareholder can also be the director of the company
  • There is no requirement for a local shareholder or director or secretary
  • No annual fees for keeping the registration of the company
  • Shareholders are not responsible for any company’s debts
  • Share capital starts from 1 euro
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