Bulgarian.LLC – Your trusted partner for company formation, business and legal services in Bulgaria. We build solid foundations for your success!
Company Formation • Legal • Accounting
Bulgarian.LLC – Your trusted partner for company formation, business and legal services in Bulgaria. We build solid foundations for your success!
Many founders compare only headline corporate tax. That is not enough. Real pressure comes from three layers: company tax, dividend / owner extraction, and payroll burden if you need to take salary or hire people.
Below is a practical comparison for a founder-managed company generating €200,000 annual profit. It shows why Bulgaria often remains one of the most efficient and manageable EU structures.
Company tax on €200,000: €20,000
Profit after company tax: €180,000
Dividend tax on distribution: €9,000
Total tax if fully distributed: €29,000
Owner keeps: €171,000
Social burden: lower than most of Europe
This is why Bulgaria is hard to beat for low-friction company ownership.
Company tax on €200,000 trading profit: €25,000
Profit after company tax: €175,000
Dividend withholding starts at: 25%
Plus owner-level income tax / USC / PRSI may still apply
Employer PRSI: 9%–11.25%
Good headline tax for trading companies, but owner extraction can become much heavier than Bulgaria.
Company tax on €200,000: €38,000
Profit after company tax: €162,000
Box 2 tax on €162,000 distribution: about €45,745
Total tax if distributed: about €83,745
Owner keeps: about €116,255
Payroll / income pressure: high
Strong jurisdiction, but far more expensive to extract profit from than Bulgaria.
Company tax on €200,000-equivalent profit: up to about €50,000
Profit after company tax: about €150,000
Dividend tax bands: 8.75% to 39.35%
Employer NI: 15%
Well-known setup, but no EU company status and owner extraction can become much more expensive than Bulgaria.
Company tax on €200,000: €41,200
Profit after company tax: €158,800
Qualified dividend layer may start from: 20%
Employer contributions: 31.42%
Very efficient country operationally, but payroll cost is dramatically heavier and owner-tax rules are more complex than Bulgaria.
Company tax on €200,000: €44,000
Profit after company tax: €156,000
Dividend tax on distribution: about €59,030
Total tax if distributed: about €103,030
Owner keeps: about €96,970
Employer contribution: typically 14.1%
Very costly for owner extraction compared with Bulgaria.
Company tax on €200,000: €50,000
Profit after company tax: €150,000
Dividend withholding tax: €45,000
Total tax if distributed: €95,000
Owner keeps: €105,000
Employer social burden: around 25% + extra charges
One of the heavier practical structures when compared with Bulgaria.
Company tax on €200,000: €46,000
Profit after company tax: €154,000
Dividend tax on distribution: €42,350
Total tax if distributed: €88,350
Owner keeps: €111,650
Total social contributions: 39.05%
Stable jurisdiction, but far less efficient for profit extraction than Bulgaria.
Average combined company tax on €200,000: about €60,000
Profit after company tax: about €140,000
Dividend tax on distribution: about €36,925
Total tax if distributed: about €96,925
Owner keeps: about €103,075
Social contributions: high and payroll-heavy
Excellent market, but one of the heaviest ownership structures in this comparison.
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.
Below is the practical sequence foreign founders follow when registering an EOOD or OOD in Bulgaria, the documents usually required, and how long each stage takes.
The process moves through defined legal stages, from selecting a structure to filing with the Commercial Register. Each phase requires certificates, precise formalities, a local address and a capital account.
The exact list depends on whether the founder is an individual or a foreign legal entity, but the standard starting requirements are:
If part of the process is handled remotely, a Power of Attorney lets our representatives complete administrative procedures on your behalf – including coordination of accounting, administrative follow-up and related practical setup steps.
Once the company is established, a short checklist keeps you on top of requirements and deadlines:
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 €1,500 (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.
Company Formation • EOOD / OOD • Licensed legal filing • Compliance-first
Bulgaria is one of the most attractive EU jurisdictions for entrepreneurs and investors thanks to a predictable tax framework (10% corporate tax and 5% dividend tax), low administrative costs, and a digital Commercial Register. But the real advantage comes from proper structuring — not shortcuts.
We register Bulgarian companies for EU and non-EU founders through authorized professionals and provide full coordination with accounting and compliance — so your company is not only registered, but set up to operate safely long-term.
Typical registry time: 3–7 business days when documents are ready (registry workload may vary). Banking approval is always case-by-case due to KYC/AML review.
Reality check: “Cheap company formation” does not equal “real business readiness”. The real outcome is correct structure, banking readiness, proper accounting, VAT/tax filings, and ongoing compliance. We build operational, bankable, audit-ready setups — not only a registration certificate.
Process overview (EOOD / OOD)
Minimum share capital for EOOD/OOD is €1. VAT registration becomes mandatory above 100,000 BGN annual turnover (or earlier in specific EU scenarios).
Accounting is not optional — companies must maintain records and file statutory reports and tax declarations.
Company formation is only the first step. We provide ongoing support so the company remains compliant and operational: accounting and tax compliance, VAT reporting (when applicable), payroll setup (if needed), document updates, and legal representation where required.
Choose the package that fits your needs. Official state fees, translations & notary costs are billed separately (full transparency).
€1,500 (one-time)
Not included:
Ideal for: IT/Services & freelancers
€1,900 (one-time) + €200 / month (Non-VAT accounting)
Not included:
Ideal for: Agencies, service providers, e-commerce (without VAT/OSS)
€2,400 (one-time) + €250–300 / month (VAT/Payroll depending on scope)
Not included:
Ideal for: Growing businesses, EU B2B/B2C, e-commerce
Note: Government fees, translations & notary costs are billed separately (full transparency).
We work with EU entrepreneurs, IT companies, e-commerce businesses, and investors who need a compliant and efficient structure — not just cheap registration.
Company types in Bulgaria: Best for / Not ideal for
Best for: solo founders, freelancers, small/medium operations, international service businesses.
Not ideal for: multi-investor governance without clear shareholder rules (better OOD/AD).
Best for: partners, family businesses, shared ownership, structured profit-sharing.
Not ideal for: investor-heavy structures that require share classes (often AD).
Best for: very small local activity with low operational risk.
Not ideal for: higher-risk activities and cross-border contracts (liability can be personal).
Best for: larger investments, multi-investor projects, scalable governance, formal corporate structure.
Not ideal for: simple small business where EOOD/OOD is enough (more governance/complexity).
Best for: keeping the foreign parent as the main entity while operating in Bulgaria.
Not ideal for: founders who need a clean standalone Bulgarian entity for banking/contracts.
Best for: market entry, promotion, business development, partnerships.
Not ideal for: real commercial trading like a full operating company (often EOOD/OOD instead).
Need the correct structure? The right choice depends on your activity, risk profile, banking readiness, tax residency/management & control, and whether licensing is required. For serious cross-border setups, start with an assessment.
If you prefer to understand the entire company formation process in Bulgaria
— including legal structure choices, documents, timelines, costs, and compliance —
we’ve prepared a detailed, step-by-step guide.
Leave the bureaucracy to us – you focus on growth