Bugarska.net – A reliable partner for real estate, business and legal services in Bulgaria. We build secure foundations for your success!
Bugarska.net – A reliable partner for real estate, business and legal services in Bulgaria. We build secure foundations for your success!
Analysis of your business model and recommendation for the legal form.
We draft the articles of association, notarize them (we can do this in your absence).
We publish your company in the official register and obtain the TIN (EIK).
Assistance with opening an account, issuing invoices, and tax obligations.
You can own a company without residing in Bulgaria.
An LLC can have only one director (even a foreigner).
Monthly costs from €225 (accounting, office).
Limited liability – personal assets are not at risk.
You must, because you need to be physically present to sign the documentation for company formation and bank account setup.
Our basic service starts from €990 (includes registration, document preparation, notary, and consultations).
Yes, an office for receiving all important documents along with a contract for the address where the company will be registered. The monthly cost is 100 euros.
We can provide a landline number not only in Bulgaria but for all countries worldwide if you have the necessary documentation. In Bulgaria, we can provide a landline number linked to your company using VoIP technology.
Our accountants can fully manage your company’s operations. The cost for an accountant for a non-VAT registered company is 125 euros, while for a VAT-registered company, it’s 200 euros per month. Our accountants have over 20 years of experience. So you can be completely sure that your company will operate in full compliance with Bulgarian laws.
A German investor in the tourism sector wanted to open a branch in Burgas to take advantage of low taxes and a strategic location. Our team ensured fast company formation and implemented a tax strategy that allowed him to save €120,000 annually, optimizing business costs.
Transparent. Professional. Reliable.
Bulgaria has become one of the most attractive European Union member states for entrepreneurs, freelancers, and investors seeking to start or relocate a business. Its 10% corporate income tax, low administrative costs, transparent business regulations, and digital company registration system make it a leading destination for international business development.
Foreign investors—both EU and non-EU citizens—can register a Bulgarian company quickly, legally, and with full ownership rights. The process is straightforward and usually completed within a few business days, provided the documentation is properly prepared and reviewed by a licensed lawyer.
This guide explains the entire process of company formation in Bulgaria, from choosing the right legal structure to understanding the role of a professional consultant, lawyer, and accountant. It also includes a clear comparison between Bulgaria and Germany in terms of taxes, operational costs, and long-term business benefits.
The most common legal entity for foreign entrepreneurs in Bulgaria is the EOOD (Single-Member Limited Liability Company) or OOD (Multi-Member Limited Liability Company). These structures are the Bulgarian equivalent of an LTD or GmbH, providing limited liability protection and a simple governance model.
EOOD (Single-owner LTD): Owned by one shareholder. Suitable for freelancers, small businesses, and single investors.
OOD (Multi-owner LTD): Owned by two or more shareholders. Common among partners and family businesses.
ET (Sole Trader): Used for small individual activities, though personal liability applies.
AD (Joint-stock company): Suitable for large corporations and high-investment projects.
Branch of a foreign company: Allows a company registered abroad to operate in Bulgaria under its existing legal entity.
The minimum share capital for an EOOD or OOD is 2 BGN (approximately €1), making Bulgaria one of the most accessible jurisdictions for startups.
The chosen name must be unique and verified through the Bulgarian Commercial Register. It can be checked and reserved online.
The Articles of Association, specimen signatures, address declaration, and incorporation documents must be drafted and notarized. These are usually prepared by a lawyer to ensure legal compliance.
The company must have at least one director, who can be a Bulgarian or foreign citizen. There are no restrictions regarding nationality or residence.
A temporary corporate bank account is opened, and the minimum share capital (2 BGN) is deposited. Once the company is registered, the account is converted into a permanent corporate account.
The application is submitted electronically through a qualified attorney. Upon approval, the company receives its EIK (Unique Identification Code), equivalent to a tax and registration number.
VAT registration becomes mandatory when the annual turnover exceeds 100,000 BGN (~€51,000), or optional for those trading within the EU.
All Bulgarian companies must maintain accounting records and file annual tax declarations. It is highly recommended to work with a certified accountant from the beginning.
The average time to complete all steps is 3–5 business days, depending on the readiness of documents.
In Bulgaria, legal and administrative steps are performed by an attorney-at-law, who represents the client before the Commercial Register and other institutions.
The lawyer ensures:
Verification of company name and availability
Drafting and notarization of incorporation documents
Representation before the Commercial Register
Coordination with the accountant after registration
Full legal compliance for foreign clients
Most international clients choose to work through specialized consultancies such as Bugarska.NET, Firmagrunden.de, and Bulgarian.LLC, which coordinate between the lawyer, notary, accountant, and bank.
Foreign clients often do not speak Bulgarian, and the entire registration process—although digital—is conducted in Bulgarian language. Having a professional lawyer guarantees that all documents are prepared correctly, signed according to Bulgarian law, and registered without delays.
One of the main advantages of working with an established consultancy is price transparency. At Bugarska.NET, Firmagrunden.de, and Bulgarian.LLC, clients receive fixed prices with no hidden costs. Every stage—registration, licensing, residence permit, or accounting—is clearly itemized in the offer.
Typical transparent pricing structure:
Company formation (EOOD/OOD): €1,500 (all-inclusive)
Address / Virtual office: €50 per month
Accounting & tax compliance: from €150 per month
Clients are accompanied through the entire process by a licensed Bulgarian lawyer and an English-speaking consultant. This ensures full legal safety, proper documentation, and efficient communication with Bulgarian authorities.
All Bulgarian companies are required to maintain accounting in compliance with the Bulgarian Accounting Act. This includes:
Monthly and annual tax declarations
Payroll and social contributions (if employees are hired)
VAT reporting (if registered)
Corporate income tax returns
| Tax Type | Rate | Notes |
|---|---|---|
| Corporate Income Tax | 10% | Flat rate |
| Dividend Tax | 5% | Applies to profit distributions |
| Personal Income Tax | 10% | Flat rate |
| VAT | 20% | Standard rate |
| Withholding Tax | 0–10% | Depends on double taxation treaties |
The simplicity and flat structure make Bulgaria one of the most attractive jurisdictions in the EU for small and medium-sized businesses.
Many entrepreneurs from Germany and Western Europe relocate or open branch companies in Bulgaria due to the significantly lower tax burden and administrative costs.
| Aspect | Bulgaria | Germany |
|---|---|---|
| Corporate Income Tax | 10% | 30–33% (combined federal + municipal) |
| Dividend Tax | 5% | 25% |
| VAT | 20% | 19% |
| Accounting Costs | €150–€250/month | €600–€1,000/month |
| Company Registration Cost | €1,500 | €3,000–€5,000 |
| Minimum Share Capital | 2 BGN (€1) | €25,000 (GmbH) |
| Registration Time | 3–5 days | 2–4 weeks |
Beyond tax rates, Bulgaria’s simplified bureaucracy, digital processes, and cost-efficient labor market make it an ideal jurisdiction for entrepreneurs seeking to optimize their EU presence without sacrificing compliance or reputation.
Opening a company bank account in Bulgaria requires:
Company registration certificate
ID/passport of the director
Founding documents and Articles of Association
Most major Bulgarian banks—such as UniCredit Bulbank, DSK, and UBB—offer corporate accounts in multiple currencies. International clients may also use fintech solutions like iCard, Revolut Business, or Wise.
All payments related to the company (capital, accounting fees, tax payments) are made through the corporate account, ensuring full transparency and traceability.
Foreign (non-EU) citizens who establish a company in Bulgaria can apply for residence permits on the basis of self-employment or business ownership.
The process includes:
Proof of company registration and active business
Proof of financial means
Valid address and health insurance in Bulgaria
EU citizens do not need residence permits, only registration of address. Non-EU citizens can obtain a long-term residence card after 6–12 months of legal business operation.
EU Membership: Direct access to the single market and European funding programs.
Stable Economy: Currency (BGN) pegged to the euro since 1999; low inflation rates.
Skilled Workforce: English-speaking professionals in law, IT, finance, and logistics.
Cost Efficiency: Office rent, salaries, and services significantly cheaper than in Western Europe.
Low Taxes: 10% corporate and 5% dividend tax — among the lowest in the EU.
Digital Governance: 95% of business services and filings can be done online.
Bugarska.NET is a registered consultancy based in Blagoevgrad, Bulgaria, offering full legal and administrative support for company formation, licensing, accounting, and citizenship applications.
Clients are represented by experienced lawyers who handle the complete registration process — from document preparation and notarization to final registration in the Commercial Register.
The service includes:
Legal drafting and submission of documents
Coordination with a certified accountant
Bank account opening assistance
Post-registration compliance setup
The Firmagrunden.de platform supports German-speaking entrepreneurs and investors, offering complete consulting in German. It helps clients understand tax optimization opportunities, social contribution systems, and employment rules within Bulgaria.
Bulgarian.LLC serves as the English-language hub for international clients, digital nomads, and global businesses seeking transparent EU incorporation solutions.
Bugarska.NET operates in Blagoevgrad, a key business hub located 90 km south of Sofia and near the Greek border.
This location allows clients easy access from both Sofia Airport and Thessaloniki Airport, offering flexibility for in-person consultations when required.
International clients, however, rarely need to travel — all registration and communication can be handled entirely online via secure digital signatures and remote legal authorization.
In cross-border business consulting, transparency is the foundation of trust.
Bugarska.NET and its associated platforms emphasize:
Clear pricing and itemized quotations
No hidden or post-agreement costs
Professional coordination between lawyer, accountant, and client
Full compliance with Bulgarian and EU law
Secure document handling and data protection under GDPR
Every client receives written confirmation of each step, cost, and expected timeline — ensuring a clear and professional experience from start to finish.
Forming a company is only the first step; maintaining legal and tax compliance is what ensures long-term success.
Partnering with an experienced consultancy ensures that all aspects — from annual reports to employee contracts — are handled correctly and on time.
The Bulgarian business ecosystem is supportive, with low bureaucracy and modern digital tools such as the Commercial Register, National Revenue Agency portal, and eGov.bg.
Clients who choose to operate through Bulgarian entities benefit from full EU market access while minimizing administrative and tax burdens.
Starting a company in Bulgaria is one of the most cost-efficient and legally secure ways to establish an EU presence.
With professional support, transparent pricing, and full legal compliance, entrepreneurs can focus on growing their business instead of dealing with bureaucracy.
Working with experienced legal partners such as Bugarska.NET, Firmagrunden.de, and Bulgarian.LLC provides the assurance that every stage — from planning to operation — is executed professionally and ethically.
Bugarska.NET – Business & Legal Consultancy
Blagoevgrad, Bulgaria
📞 +359 877 077 225
✉️ support@bugarska.net
🌍 www.bugarska.net
🌍 www.firmagrunden.de
🌍 www.bulgarian.llc
This document serves as an informational reference for entrepreneurs considering company formation in Bulgaria and reflects the practical experience and professional standards of the Bugarska.NET group and its partner networks.
Leave the bureaucracy to us – you focus on growth
