OOD\/EOOD are limited liability companies. The differences between the two are the number of shareholders. EOOD is a limited liability company with a single shareholder, the owner, while OOD has at least two. Other than that, the structure, the requirements, and so on, are the same. Investors and founders of OOD\/EOOD companies can be Bulgarian, foreign nationals and\/or legal entities such as foreign companies.<\/p>\n

The shares in OOD\/EOOD limited liability companies are not tradeable financial instruments. A notarized agreement can transfer the company shares to a third-party after a shareholder’s meeting resolution. Moving shares between the company’s shareholders do not require such a procedure.<\/p>\n

\n
• Before the registration of OOD\/EOOD Company, the following details and conditions are required:<\/li>\n
• Personal details of the shareholder\/s and managers. Personal identification number, Passport \/ ID depends on the nationality of the applicant.<\/li>\n
• The desired name for the company. There is a designated website in which the availability of a company’s name could be checked. The legal relevant company name is in Bulgarian (Cyrillic). At least three names should be presented if the registry authority will find similarities in a suggested name.<\/li>\n
• Description of the company’s intended activities.<\/li>\n
• The Bulgarian address of the future company<\/li>\n
• \u00a0Bulgarian bank account. It is getting more and more difficult to find banks that will allow opening a bank account for any individual not present in person in the bank, even to a proxy with the proper power of attorney. Bulgarian banks require clients to have registered Bulgarian residences.<\/li>\n
• Minimum founding capital of 2BGN (1 EURO)<\/li>\n<\/ul>\n

  As discussed in this article, opening a Bulgarian OOD\/EOOD limited liability company is crucial for those who like to set up their life in Bulgaria. Buying a house with land, running a legitimate business, and even purchasing a boat or a car can be all made possible by registering such accompany. However, there are still some obstacles regarding the opening of a bank account and the residency issue.<\/p>\n

  Our law firm<\/u>\u00a0will assist you throughout the entire process, our staff of skilled lawyers is familiar with all the relevant rules and regulations. They would be happy to help with tailor-made solutions in all related subjects.<\/p>\n

  [author_and_contact_info]<\/p>\n","protected":false},"excerpt":{"rendered":"

  Registering a company in Bulgaria is a crucial starting point for conducting business in Bulgaria, purchasing land in Bulgaria, and even as a basis for acquiring residency in Bulgaria. Registering a company does not require you to be a Bulgarian citizen or residence. It is also not necessary to be present in person in Bulgaria…<\/p>\n","protected":false},"author":85,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[521],"tags":[],"class_list":["post-54031","post","type-post","status-publish","format-standard","hentry","category-bulgarian-passport-en"],"acf":[],"yoast_head":"\n