Better Legal Framework for Startups in BG? BESCO Leads the Way

We are a few months away from having a fundamental improvement to the commercial legal framework in Bulgaria. There will be a new type of entity, which will have the flexibility and characteristics that all startups need – variable capital, option pool, the concept of vesting, easier transfer/trading of shares, etc. If successfully passed by the Parliament, Bulgaria will be the 3rd country in the EU with such a modern legal form.

This will affect all startups – new and existing – and will eliminate the need for legal backflips or pure embarrassment, which we all face today. And this is just an example of a project driven by BESCO – the Bulgarian Startup Association. It is an example of the critical work with the government that no single company or person wants or can do. That’s why we have our own Startup Association representing the interests of the community.

Join us to learn more about the mission and projects of the Association and how it can, and will, directly help your startup. Join us to also learn how you can, and should, help BESCO. We, as an ecosystem, should be active participants in the improvement of the environment in which we operate. Thanks to BESCO this goal is now much more achievable. By supporting BESCO we are supporting ourselves.