Bulgarian SD 

General Partnership
The Belgium equivalent of VOF is the Bulgarian SD, which is commonly utilized type of business structure. It allows the civil or commercial activity to carry on under a corporate name. The SD is an association of at least two persons whose shareholders are fully liable for the obligations.


The General partnership type of company is under the regulations of the Bulgarian Commercial Code – from Article 76 to 98.
All of the partners in the partnership are liable with their assets and are joint debtors.  The personal participation of every partner in this type of partnership can be characterized by the personal participation in the business operations.

The Bulgarian commercial law distinguishes two types of legal relationships in the General partnership which are internal – between the partnership and the members in the company, and external – between the partnership and third parties. The internal relations are regulated by the Articles of Partnership and the external by the Commercial Code.



We offer the possibility to establish your company at our address. This offers the opportunity to contact a Dutch-speaking person who will also send your documents by mail on a daily basis.

Translation of statuses

We provide the translated documents at a fixed price. If a foreign parent company becomes the shareholder, we will translate your articles of association.


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We also offer access to the job market in Bulgaria. Our contact person will explain to you to find the suitable profiles. In no time you have found the right people.


If at explicit request, we can take care of the management of your team of Bulgarian employees. This is something that is only considered if the employees perform functions from Sofia (eg IT, administration, etc.).


After the establishment, we can help you with the accounting and tax obligations. The cost of this is related to the type of activity and the number of transactions of your company.

Bulgaarse vennootschap.be

Wij helpen ondernemers met de uitbouw van hun Bulgaarse vennootschap. De oprichting is slechts de start van het begin. 
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