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Bulgaria: Types Of Company

Public Limited Liability Company

A Public Limited Liability Company has share capital and is owned by the shareholders. Liability of shareholders is limited to the value of the shareholding. Two or more people can found a Public Limited Liability Company. There is a requirement to have minimum capital of BGN50,000, or BGN100,000 if by public issue. A minimum of 25% of share capital must be paid up upon inception. As with other company forms, shareholders must meet at least annually and proper accounts and financial statements must be maintained.



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