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Varadinov & Co.
Legal Bulletin

Varadinov & Co Attorneys at law is recognised in the IFLR1000
IFLR2017
IFLR2017
IFLR2016
IFLR2015
IFLR2014
Varadinov & Co Attorneys at law is listed in Legal 500
Legal500

Limits in the amount of the managers’s remunerations in trade companies with state participation in the capital have been provided as of the date April 1st, 2010. The total amount of the remuneration of the members of the board of directors, the supervision and the managing boards of the sole owned joint stock companies with state participation shall not exceed five times the amount of the minimal monthly salary, defined in the countru for the respective month (currently BGN 240). The total amount of the remuneration of the executive members and the managing boards members authorized to represent the company shall not exceed ten times the amount of the minimal monthly salary. The total amount of the remuneration of the managers of sole owned limited liability companies shall not exceed seven times the amount of the minimal monthly salary, and the controller’s remuneration in such companies - four times the minimal monthly salary.