Non-profit organisations (NPOs), commonly referred to as non-governmental organisations (NGOs), in Bulgaria fall into two main categories: associations and foundations. As the term suggests, these entities are intended to carry out activities that do not aim at distributing profit among their members or founders.
When selecting the appropriate form of a non-profit legal entity, a number of factors must be taken into consideration, including the statutory minimum number of members depending on the type of entity; the choice between activities in the private or public benefit; the specific requirements governing the use and disposal of assets of public benefit non-profit entities; the opportunities for accessing state support for public benefit activities; and other relevant considerations.
The LEXDIA team can assist you in establishing the non-profit legal entity that best corresponds to your chosen objectives. Our services include:
- legal consultation on the selection of the appropriate type of non-profit legal entity;
- drafting the incorporation documents;
- filing the application with the Bulgarian Commercial Register and the Register of Non-Profit Legal Entities.