Hong Kong Company Formation and Its Advantages

There are a few kinds of organizations fitting for leading business in Bulgaria. As indicated by the Commercial Law gave by The Supreme Court of Cassation of the Republic of Bulgaria, business visionaries can pick between five principal kinds of business. Article 64, part 10, division 3, specifies their overall qualities.

a) Bulgarian General organization (subiratelno druzhestvo)

An overall organization is an organization framed by at least two people to manage business exchanges by occupation, under a joint trademark. This sort of big business doesn’t need a base measure of capital. The accomplices bear joint and limitless obligation, past the sum contributed by every one. Benefits are shared similarly, and each broad accomplice has an equivalent right to partake in the administration and control of the business.

b) Bulgarian Limited organization (komanditno druzhestvo)

This association is laid out by at least one general accomplices who deal with the task, and restricted accomplices who put away cash, yet have restricted risk in similarity with how much the settled upon commitment. Typically restricted accomplices get pay, capital gains, and tax reductions, like a profit. The general accomplice gathers charges and a level of the pay and advantages, recently settled.

c) Bulgarian Limited obligation organization (drujestvo s ogranichena otgovornost)

The restricted obligation organization 買空殼公司 is an adaptable type of business endeavor, mixing components of organization and corporate designs. It is established or possessed by at least one people, including unfamiliar or legitimate people. The investors are responsible for the organization’s commitments with their commitments to the capital of the organization. Each accomplice needs to settle up, or contribute its advantage, and the inability to do that, comprises justification for the removal of the accomplice. Accomplices share the privileges to partake in the administration of the organization, in the dispersion of benefits, to be educated regarding the organization’s undertakings, to audit the organization’s books and to liquidation methodology. This sort of business substance should have at least 2 BGN (Bulgarian Lev, the cash of Bulgaria) approved capital.

d) Bulgarian Joint-Stock Company (aktsionerno druzhestvo)

The capital supply of this sort of organization is separated into shares, and can’t be less then 50.000 BGN. An offer has a base ostensible worth of 1 lev and it is unified. The organization enlisted for this sort of business can expand its capital stock by giving new offers, or decrease it by utilizing shares with a lower ostensible worth, or by dropping of the offers. The investors are committed to contribute for the offers bought in, and in the event that this expectation isn’t regarded, the investor owes revenue. The organization’s organs are partitioned in two: the gathering of the investors, and the directorate. The business entity is obligated before its lenders with its resources and needs to run full bookkeeping. The yearly fiscal report is reviewed by the enlisted examiners named by the General Meeting.

e) Bulgarian Partnership restricted by shares (komanditno druzhestvo s aktzii)

This sort of organization is characterized by a temporary element between a business entity and a restricted organization. The general accomplices have limitless obligation, while at least three restricted accomplices have a risk impacted by their portion commitment. The general accomplices structure the organization and reserve the option to choose their restricted accomplices from endorsers. The arrangements and the organs of the organization restricted by shares are applied as in the business entity.