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 Minimum Foundation Capital for Limited Company in Bulgaria O

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PostSubject: Minimum Foundation Capital for Limited Company in Bulgaria O   Tue Oct 06, 2009 3:21 pm

Just found this , might be of some interest to someone, maybe someone might be able to confirm this maybe Chris might know more?

02.10.2009 Minimum Foundation Capital for Limited Company in Bulgaria Only 1 EUR

One of the first laws which the Bulgarian parliament adopted aiming to stimulate the Bulgarian economy is the minimum foundation capital for establishing a limited liability company to be decreased from 5,000 BGN to only 2 BGN (about 1 EUR).

The main aim of the law is to stimulate entrepreneurs, to create new jobs and new goods and services to appear on the market. Currently, Bulgaria is one of the countries in the world with the lowest minimum foundation capital.

Another change to the law is the minimal nominal value of a share to be decreased from 10 BGN to 1 BGN and the value of each share to be multiple by 1.

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PostSubject: Minimum Foundation Capital for Limited Company in Bulgaria Only 1 EUR   Wed Oct 07, 2009 5:35 am

Hi Ashley and good morning,

Now that is interesting news of us all. It will be interesting to find out all the details. But for the moment will not do much for Bg economy as there is nothing happening anywhere for the moment. Bad news for us all over here.

Best :hilarious:
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