Setting up a company in Bulgaria – limited liability company or joint stock company

The two most popular legal forms for carrying out business in Bulgaria are a joint stock company (AD) and a limited liability company (OOD), though the law also provides for: sole trader operations (ET), joint ventures, branches, holdings, cooperatives, and representative offices. They all have to be registered with the Commercial Register, which is a process that usually takes 1 week.

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Types of visas in Republic of Bulgaria

The types of visas shall be:

1. air transit visa (type “A” visa);

2. short-stay visa (type “C” visa);

3. long-term residence visa (type “D” visa);

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Meeting and greeting in Bulgaria

Bulgaria on the face of it is still a fairly formal society. This reflects in the rather proper and reserved nature of initial meetings. Within the business context a firm handshake, direct eye contact and the appropriate greeting for the time of day suffices. The hierarchical nature of Bulgarians results in an emphasis on rank and position. As a result if people have official, educational or work titles ensure you use them. If you are unsure then simply use “Gospodin” (Mr)/ “Gospozha” (Mrs) followed by the surname.

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