Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 9/13/2019
U.S. enterprises can establish their own companies or invest in existing companies:
  • 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.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


More Information

Bulgaria Business Management Legislation