Joint-stock company
A joint-stock company is a company with capital divided in shares. The minimum registered capital required for the incorporation of a Joint-stock company is 50 000 BGN (about 26 000 EUR).
A joint-stock company may be incorporated by one or more natural persons or legal entities. When the joint-stock company is formed by one person or entity we speak of a single member joint-stock company - EAD.
The company name shall always be followed by the respective abbreviation – EAD or AD
What is included in our services:
- Preparation of the documents needed for registration of joint-stock company, with enclosed translation in English
- Assistance in the depositing of the share capital in a capital rising account
- Provision of a registered office and correspondence address for a period of 1 year
- Issuance of documents certifying the registration of the company with the Commercial Register
- Electronic company certificate
- Company stamp
| Service | Price in EUR |
|---|---|
| Incorporation of a new joint-stock company | 800 |
Optional services:
350 EUR
100 EUR / year
100 EUR
200 EUR
50 EUR
(All prices are final)
Advantages of the Joint-stock company compared to EOOD
- The joint-stock company implies the raising and accumulation of large capital. It is a form of investment of shareholders’ funds. Shareholders are not engaged in the management of the affairs of the company, they invest their personal funds and receive dividends.
- They do not assume personal and direct liability for the obligations of the company. The risk for the shareholders is only limited to the shares purchased by them, which they risk losing in the event of unsuccessful economic activity, or risk the loss of their value.
- An advantage is the free transfer of shares – no permission or consent of a managerial body of the joint-stock company is required.
Structure and management
The corporate management structure of the joint-stock company consists of:
- General meeting of the shareholders;
- Board of directors (in case of a one-tier management system) or a Supervisory board and Management board (in case of a two-tier system)
Capital and shares
Main share types are divided into ordinary and preference shares. Preference shares can provide their holder with guaranteed or additional dividend, but the voting right and participation in the management in the company may be limited by the Statute. Ordinary shares entitle the holder to participate in the management and to have a voting right; to be entitled to dividends and liquidation shares.
Shares can be nominal and bearer shares. The company keeps a shareholders book, which includes the name and address of the holders of nominal shares, and the type, nominal and emission value, quantity and numbers of the shares, and any transfer made. The transfer of this type of shares is done with an endorsement. Bearer shares can be transferred freely.