Do you want to open a Srl in Bulgaria? Here are the types of companies, the advantages and how to open it
If you are planning to open your business in Bulgaria, it is good to know that there are different types of companies in this country; the one that is mainly used by Italians who want to open their own company in Bulgaria is the SRL, which here is called OOD.
A distinction must be made immediately between EOOD and OOD:
- EOOD is a form of limited liability company (the one usually chosen to benefit from the subsidized tax regime for companies) which is characterized by the presence of a single shareholder. A bit like with the Italian Srl, only the share capital and not the tangible and intangible properties of the sole shareholder are liable to creditors. It is therefore configured as the ideal solution for those who are undertaking a personal business in Bulgaria.
- the OOD is similar to the EOOD insofar as creditors can only make up for any outstanding payments on the share capital; it differs from EOOD in that the presence of at least two partners is required to set up this type of company.