A joint-stock company is a great legal form of business development, if you are planning to have 2 or more owners. This is because through shares, it is much better to settle the rights and obligations of the shareholders.LEARN MORE
The initial capital needed for establishment of a Bulgarian AD is BGN 50,000, which is around EUR 25,000. It should be distributed in shares with a nominal value of not less than BGN 1 each. At the time of unification of the company at the very least 25% (12 500 lv.) of the nominal value (initial capital) must be paid, as a condition criterion for such consolidation. The rest of overall quantity of the capital can be paid in within two years. Similarly to the LLC, the investors can make both money and in-kind contributions.