The requirements for registration of a company or branch are set out in the Commercial Law, the Commercial Register Act and the implementing regulations. The registration procedure depends on the type of company to be registered, considering that the registration of a Joint Stock Company (JSC) (as well as a Limited Liability Company) currently takes approximately five working days from the filing of the relevant registration documents. It takes about two weeks for a branch of a foreign company. The registered company or branch becomes a legal entity from the date of its entry in the Commercial Register.
The first phase of setting up a new company is to choose the type of company among the ones provided by the Bulgarian legislation, as well as to have clarity on the following specific elements of incorporation:
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