Bulgarian LTD company is a typical limited liability company in which the members own shares. Its main features are:
The minimum amount of the capital is 2 leva.
There has to be at least 1 shareholder.
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*Shareholders and managers to provide scan copy of their ID (Passport);
III. AFTER INCORPORATION
In the company does not have activity the manager is not obliged to pay social security tax (which amounts to approximately 130 BGN).
In the company does have activity (transactions) the manager has to pay SS tax.
Where the company has income of more than 50 000 BGN it need to register before the VAT authorities, therefore hire accountant.
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