Bulgarian Structure

Limited Liability Companies

Pursuant to the Bulgarian Commerce Act a Limited Liability Company must have the following organizational structure:

i. General Meeting of the partners (in Bulgarian: „Общо събрание на съдружниците“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Managing Director(s) (in Bulgarian: “Управител(и)“); Managerial Agent (in Bulgarian: “Прокурист“).

Joint Stock Companie

Pursuant to the Bulgarian Commerce Act a Joint Stock Company must have one of the following organizational structures:

i. General Meeting of the shareholders (in Bulgarian: „Общо събрание на акционерите“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Board of Directors (in Bulgarian: Съвет на директорите“); Managerial Agent (in Bulgarian: “Прокурист“); or

ii. General Meeting of the shareholders (in Bulgarian: „Общо събрание на акционерите“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Supervisory Board (in Bulgarian: Надзорен съвет“) and Executive Board (in Bulgarian: Управителен съвет“); Managerial Agent (in Bulgarian: “Прокурист“).

Fee quote

Penkov, Markov & Partners has provided all input about changing board members in Bulgaria[...]. Penkov, Markov & Partners (PM&P) is a leading law firm providing top-quality legal service and legal representation of clients in Bulgaria. The rich track record of PM&P builds on the years-long corporate culture and traditions with full dedication to our clients and provision of high-quality legal service. PM&P provides comprehensive services to small and medium-sized enterprises as well as major international companies in all business areas. 

For more information about PM&P and changing board members in Bulgaria, please use the below contacts:

CONTACT: Vladimir Penkov, Chairman and Senior Partner
TEL: +359 (0) 2 971 39 35
EMAIL: vladimir.penkov@penkov-markov.eu
WEB: www.penkov-markov.eu