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Limited Liability Statement – Bulgaria (OOD/EOOD)

This company is registered as a Limited Liability Company (OOD or EOOD) under the provisions of the Bulgarian Commercial Act. In accordance with Article 113 of the Commercial Code, the company is a separate legal entity, and its founders, shareholders, and managers benefit from limited liability protection.

Key provisions include:

·       🧾 Liability of shareholders is limited to the amount of their capital contributions. They are not personally liable for the company’s debts or obligations beyond their equity participation.

·       🏢 Company obligations are satisfied solely from the company’s assets. The personal assets of shareholders or managers are protected, except in cases of fraud or breach of fiduciary duty.

·       💼 Minimum capital requirement is 2 BGN, with each share valued at no less than 1 BGN, as per Article 117 of the Commercial Code.

·       📜 The company is formed through a written Articles of Association (OOD) or Statutes (EOOD), and becomes legally recognized upon entry into the Bulgarian Commercial Register.

·       👤 In the case of an EOOD, the sole owner holds 100% of the capital and assumes the rights and obligations of the General Assembly.

This structure ensures legal clarity, financial protection, and operational flexibility for both Bulgarian and foreign investors.

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