Priority aspects of the business activities of the foreign persons are legally regulated likewise in the Constitution of the Republic of Bulgaria, in the Council of Ministers, and in some other operative legal acts. Bulgaria has concluded bilateral agreements for the mutual protection of investments with various countries like Germany, France, Italy, China, USA and Finland; agreements for economic and trade cooperation with Italy, Germany and the United Kingdom. There is an unlimited foreign participation in all forms of business activity registered in Bulgaria. The forms of activity in Bulgaria are: a branch; a representative office; a private merchant; a limited liability company (single-person or with the capital of several persons); an unlimited partnership; a public limited company; a limited partnership; holdings; cooperative; a joint stock company; a sole trader; a joint venture. Private merchants, branches and representations arent independent legal entities. Branch offices may engage in economic activities; they have their own property and compile a separate balance sheet. Representation offices may not engage in economic activities. Holdings and cooperatives are legal entities.The forms of business organization, save representative offices and co-operatives, are governed by the Commerce Act 1991, as for certain types of companies (e.g., banks, insurance companies, public companies) special rules apply. Representative offices and co-operatives are regulated respectively by the Foreign Investments Act 1997 and by the Co-operatives Act 1999. The most appropriate types of companies for conducting business in Bulgaria are the limited liability and the joint-stock company, including in the form of a single-member company. These types of companies must be entered into the commercial register of the relevant district court.Private Limited Company ...
