Share Capital Developments In Bulgaria

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The minimum share capital requirement for establishing a limited liability company in Bulgaria has been practically abandoned.

The general view amongst lawyers in Bulgaria has been that from the creditors' perspective, a company's registered capital gives some measure of its creditworthiness. That view premised a number of statutory rules meant to protect such expectations, e.g. rules:

• seeking to ensure that there is a certain minimum share capital as a prerequisite to setting up a company; and