bulgaria-joint-stock-company-ad-aed

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Joint Stock is a company formed jointly by a Bulgarian and a foreign partner. The size of the foreign participation in a joint Stock is not limited.

A joint stock company (JSC) can be incorporated with i) a single shareholder (locally known as an EAD) or ii) two or more shareholders (AD company). The Bulgarian authorities will require i) an initial share capital of at least €25,000, 25% of which must be paid up at incorporation ii) appointment of a Board of directors comprising at least three members and iii) appointment of a certified accountant;

All Bulgarian JSCs are required to i) have their balance sheet and annual financial statements audited by a certified accountant and ii) Bulgarian company law does not restrict the issuance and transfer of shares by JSCs. Bulgarian JSCs can also be listed on either the Sofia Stock Exchange or on another stock exchange in the EU, including: i) Euronext and ii) the London Stock Exchange;

Key Features of Bulgaria Joint Stock Company (AD/AED)

Bulgaria Joint Stock Company

Corporate Details

General

  • Type of Entity

Joint Stock Company

  • Registered Office in Bulgaria

Yes

  • Shelf company availability

No

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Minimum Paid up capital

25,000

Managers / Directors

  • Minimum number

Three

  • Local required

No

Members / Shareholders

  • Minimum number

One

  • Location of meetings

Anywhere, not required

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

  • Requirement to file annual return

Yes

Tax treatment

Corporate tax for the Bulgaria Joint Stock Company (AD/AED) is 10%.

Duration for set up of the company

One month.

Advantages of Bulgaria Joint Stock Company (AD/AED)

  • The joint Stock enables the pooling of knowledge, finance and technology and allows the development of synergy.
  • The joint Stock allows to master new technologies and access to new skills, quickly and economically.
  • Choosing to create a joint Stock in Bulgaria can also benefit from a significant tax advantage.

The Valsen Advantage

    • Speedy, Efficient and consistent Services.
    • Relentless effort to obtain bank accounts.
    • Expert advice on structuring options.
    • Dedicated ongoing compliance support.

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