The following corporate forms exist under Bulgarian law:
- A Limited Liability Company ( Ltd ),
- A Joint-stock Company,
- A General Partnership,
- A Limited Partnership, and
- A Partnership Limited by shares.
Commercial companies are set up as legal entities separate from their founders. Regardless of the nationality of their founders, all companies registered in Bulgaria are considered to be Bulgarian legal entities which are established and existing under Bulgarian law.
Foreign equity participation in a Bulgarian company can be up to 100%. The incorporated companies receive the capacity of legally established entities as of their inscription into the Commercial Register with the Registry Agency.
The time required for entry or deletion in the commercial register of commercial companies is three working days following filing of the required documents with the registry, except in the cases when other terms are provided by a special law.