Bulgaria - Joint Ventures/Licensing Bulgaria-Joint-Ventures
- JVs with state-owned companies (wholly owned by the Bulgarian State), must be approved by the Council of Ministers or by the relevant Minister
- JVs are evaluated for their existing assets and the contribution the foreign partner will provide either in cash, long-term assets (i.e. existing equipment and facilities), and/or in-kind
- JVs with private companies do not require government involvement or approval. After negotiations are complete the new legal entity must register with the Commercial Registry. JVs are subject to the provisions of Law on Protection of Competition, which regulates the concentration of economic activity.