Initial Required Capital For The Registration Of A Firm Decreased 50 Times

The initial capital for the registration of a firm is decreased from 5000 to 100 levs.The measure will become effective after the government approves changes in the Commercial Law.The high amount of the minimum capital by now is one of the hindrances for starting small business.It is expected that the significant decrease will stimulate enterprising citizens to realize their projects, which will lead to the opening of new work positions and the availability of more products and services.According to the indicator sum of minimum capital for the initiation of business in relation to the gross national income of a person, Bulgaria is 36th in the classification organized by the World Bank. The conclusions from the study "Making business" report a significant increase of the activity of countries, which have removed or significantly decreased the requirement for minimum capital.