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How to Become a Partner in an Already Established Bulgarian Company?

Updated: Jan 16



Whether you are an individual looking to join an existing venture or an investor seeking to enter the Bulgarian market, this article will guide you through the essential steps to become a partner in an already established Bulgarian company.


One avenue to becoming a partner is by acquiring shares in an already established Bulgarian company.


Step 1: Define Your Objectives

Before embarking on the path of buying shares, it is essential to define your investment objectives. Consider the level of involvement you desire, the percentage of ownership you aim for, and your overall goals as a shareholder. Clarity on these objectives will help you make informed decisions.


Step 2: Identify the Right Company

Finding the ideal company to invest in is a critical step. Factors such as the industry, the company's financial stability, its reputation, and its growth potential should influence your decision. Collaborating with experts can help you identify promising opportunities and conduct thorough due diligence.


Step 3: Negotiate the Purchase

Once you've identified a company of interest, it's time to negotiate the terms of your share purchase. Engage with the existing shareholders or the company's management to discuss your ownership stake, voting rights, roles, responsibilities, and exit strategies. A well-structured agreement is essential, and legal advice is invaluable during this phase.


Step 4: Conduct Due Diligence

Before finalising the share purchase, conduct comprehensive due diligence to evaluate the company's financial health, legal compliance, potential liabilities, and adherence to Bulgarian regulations. Ensure you have a complete understanding of the company's status.


Step 5: Legal Documentation

Prepare and review the legal documentation necessary for the share purchase, including the share purchase agreement and disclosure documents. Ensure that your rights and interests are protected in these agreements, and that the terms align with your negotiated agreement.


Step 6: Execute the Share Purchase

Upon agreement and completion of legal documentation, execute the share purchase. This typically involves transferring ownership and making the agreed-upon payment. Compliance with all legal requirements is essential during this process.


Step 7: Register Your Ownership

If you acquire shares in a Bulgarian company, the transfer of ownership must be registered with the Bulgarian Commercial Register.


Step 8: Ensure Regulatory Compliance

To maintain a successful partnership, ensure compliance with all regulatory requirements, including tax registrations and industry-specific licenses or permits.


Becoming a partner by acquiring shares from an already established Bulgarian company is a strategic and potentially lucrative opportunity. Joining forces with a proven enterprise offers numerous benefits, but it's essential to navigate the process with caution and expertise.


Pishtalova Law Company understands the intricacies of Bulgarian corporate law and is committed to ensuring a seamless and successful share acquisition journey, from initial assessment to regulatory compliance.


We are here to provide you with expert legal guidance and support, helping you achieve your investment goals in Bulgaria's vibrant business environment. Your success is our priority, and we look forward to being your trusted legal partner.

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