Joint ventures and finding business partners in Bulgaria

Finding Bulgarian partners and ways of cooperation with Bulgarian partners, like a joint ventureDoing business in Bulgaria with Bulgarian business partners

Of course anyone may start a company in Bulgaria fully independent, but it’s good to know that almost 45% of all Bulgarian start-ups works together with a Bulgarian partner in one way or another. Working together with Bulgarian partners can contribute to a quick start with fewer investments.

 

Doing business with Bulgarian companies

Working together with a Bulgarian company has its benefits, but requires proper preparation. One major consideration should be the way of cooperation.

 

Doing business with a Bulgarian company on a contract base

The most simple way to do business with a Bulgarian partner is by simply engaging into an agreement with a Bulgarian company, usually the client will form a Bulgarian company for this purpose.

BulgariaCompanyFormations.com can assist you in several ways, like:

  • finding the right partner
  • checking the partner’s company
  • reporting about the status, financial situation and results of the partner company
  • drawing up business contracts
  • negotiate with the (potential) partner or perform as a adviser during negotiations
  • advising on practical issues regarding the cooperation
  • advising about international legal and tax issues regarding cross-border cooperations

 

Doing business with a Bulgarian partner by forming a joint-venture

Many of our clients chose to form a joint-venture with one or more Bulgarian partners because of the fact that a joint-venture is often the most effective way of cooperation, because it will bring a win-win situation for all parties involved.

What is a joint-venture?

A joint-venture is a way of cooperating between two or more parties. All parties will use their own knowledge, experience and products on a joined base to realise higher profits or lower costs. A joint venture can be used to approach current markets in a more efficient way or to get started on new markets.

Also joint-ventures are often founded because of the fact that a single company can be too small to subscribe to a government tender or means of finance, like funds, grants and subsidies. By getting involved in a joint-venture with other companies, that complement each other, getting that tender or grant becomes a lot more likely.

A joint-venture isn’t a separate entity of status, but usually an ordinary Bulgarian company, usually a Bulgarian OOD, AD, KD of SD, which will be formed together by the partners. Larger forms or cooperation can also be formed as a consortium.

 

Starting a joint venture

Our specialists can inform you about forming a joint venture in Bulgaria. Also we can assist with practical issues regarding joint ventures. The most used services in relation to joint ventures areL

  • finding the right partner
  • checking the partner’s company
  • reporting about the status, financial situation and results of the partner company
  • advising about the setup of the joint venture
  • registering a joint venture or consortium
  • negotiate with the (potential) partner or perform as a adviser during negotiations
  • advising on practical issues regarding the cooperation
  • advising about international legal and tax issues regarding cross-border cooperations

 

Finding Bulgarian business partners

Considering the fact that we assist companies with their business in Bulgaria on a daily base we know the country very well. We know the ways and pitfalls regarding working with Bulgarian partners.

BulgariaCompanyFormations.com can assist foreign companies to find the right business partner because of a unique way of working. We have a large network of Bulgarian companies willing to work together with foreign companies. We have already checked these Bulgarian companies on stability and reliability before introducing them to clients.

To us it’s very important to spend sufficient of time to the cooperation and the agreement, so both parties are fully aware of every details regarding the cooperation. As an adviser clients may expect a pro-active attitude from our specialists. All with the goal to create  successful partnerships for our clients.

 

More information

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