BULGARIAN STRUCTURE
Choose the type of company you are changing board member in
Pursuant to the Bulgarian Commerce Act a Limited Liability Company must have the following organizational structure:
i. General Meeting of the partners (in Bulgarian: „Общо събрание на съдружниците“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Managing Director(s) (in Bulgarian: “Управител(и)“); Managerial Agent (in Bulgarian: “Прокурист“).
For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Bulgaria on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Bulgaria.
Pursuant to the Bulgarian Commerce Act a Joint Stock Company must have one of the following organizational structures:
i. General Meeting of the shareholders (in Bulgarian: „Общо събрание на акционерите“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Board of Directors (in Bulgarian: “Съвет на директорите“); Managerial Agent (in Bulgarian: “Прокурист“); or
ii. General Meeting of the shareholders (in Bulgarian: „Общо събрание на акционерите“) or Sole owner of the capital (in Bulgarian: „Едноличен собственик на капитала“); Supervisory Board (in Bulgarian: “Надзорен съвет“) and Executive Board (in Bulgarian: “Управителен съвет“); Managerial Agent (in Bulgarian: “Прокурист“).
Please see “Board of Directors”, "Supervisory Board", "Executive Board" and "Managerial Agent" below for a more in-depth description of the board type, including how to change the respective board members.
For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Bulgaria on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Bulgaria.
