Minimum Foundation Capital for Limited Company in Bulgaria Only 1 EUR
One of the first laws which the Bulgarian parliament adopted aiming to stimulate the Bulgarian economy is the minimum foundation capital for establishing a limited liability company to be decreased from 5,000 BGN to only 2 BGN.
The main aim of the law is to stimulate entrepreneurs, to create new jobs and new goods and services to appear on the market. Currently, Bulgaria is one of the countries in the world with the lowest minimum foundation capital.
Another change to the law is the minimal nominal value of a share to be decreased from 10 BGN to 1 BGN and the value of each share to be multiple by 1.
The decrease in the minimum foundation capital for limited liability company registration will help young people start their own business and establish a limited liability company through a facilitated process. These measures in combination with the quite low taxes in Bulgaria make the investment in the country and in the growth of the business quite lucrative.
Statistics shows that Bulgaria is among the countries with a very low minimum foundation capital as other countries include Australia, Canada, Ireland, Israel, New Zealand, Saudi Arabia, the USA, the UK, Japan, Singapore, Hong Kong, France and Malaysia.
Next year is the deadline for the registration and re-registration of companies in the Trade Register after which all companies which are not active will be officially deleted. Thus some 1 million companies will close but after that if their owners wish they could renew their activity and the decrease of the minimum capital will make the process much easier.
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