Bulgaria is an attractive destination for foreign entrepreneurs due to its low corporate tax rate (10%), affordable operational costs, and EU membership. If you’re planning to start a business here, the most popular and straightforward option is to register an EOOD – Sole Owned Limited Liability Company.
What is an EOOD?
An EOOD (in Bulgarian: „Еднолично дружество с ограничена отговорност“) is a limited liability company owned by a single person — either a foreign natural person or a foreign legal entity.
Key advantages:
- 100% foreign ownership is allowed;
- Low minimum capital requirement: BGN 2 (approx. €1);
- Fast and remote registration possible;
- Separate legal entity with limited liability;
- Flat 10% corporate tax rate.
Steps to register an EOOD:
- Choose a unique company name;
- Prepare the incorporation documents (Articles of Association, specimen signature, etc.);
- Appoint a company manager (can be the same person as the owner);
- Open a bank account and deposit the capital;
- Submit the application to the Commercial Register;
- Receive a UIC number and start operations.
Registration usually takes between 1–3 business days.
Can the process be done remotely?
Yes — if you grant a notarized power of attorney, we can handle the entire process without you being physically present in Bulgaria.
We can assist you with:
- Legal advice on the best legal structure;
- Full registration procedure;
- Remote setup with a power of attorney;
- Ongoing legal and accounting support.
Kraychev Partners is a Plovdiv-based law firm and has extensive experience in the field of Corporate law. If you are interested in starting business in Bulgaria, feel free to contact our law firm today to receive personalized assistance and fast, reliable company formation.