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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


  • Type of Entity

Joint Stock Company

  • Registered Office in Bulgaria


  • Shelf company availability


Share capital or equivalent

  • Standard currency


  • Permitted currencies


  • Minimum Paid up capital


Managers / Directors

  • Minimum number


  • Local required


Members / Shareholders

  • Minimum number


  • Location of meetings

Anywhere, not required


  • Requirements to prepare


  • Audit requirements


  • Requirements to file accounts


  • Publicly accessible accounts


  • Requirement to file annual return


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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