Business
A commercial act with a two-lev limited company
The Commerce Act governs traders and companies, and the OOD limited liability company requires only BGN 2 of capital. Registration is with the Commercial Register at the Registry Agency, which publishes company files in full online at no charge.
Key rules
- Minimum capital for an OOD is BGN 2, and BGN 50,000 for a joint-stock company.
- Entry in the Commercial Register creates the company and is publicly searchable.
- Managers must file annual financial statements with the register or face fines.
- Since 2023 Bulgaria has recognised the EU cross-border conversion and merger rules.
Governing law
- Commerce Act (1991)Targovski zakon.
- Commercial Register and Register of Non-Profit Legal Entities Act (2006)
- Measures against Money Laundering Act (2018)Beneficial ownership filings.
In practice
The register discloses the entire company file including scanned contracts, which is unusually transparent for due diligence but also means commercially sensitive filings become public.