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 (about 1 EUR).
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.
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