This is for solo founders and foreign entrepreneurs considering a Bulgarian operating company, who want the structure, costs and obligations set out plainly.
An EOOD is a Bulgarian single-member limited liability company. It has one owner, separate legal personality and limited liability. It is the usual choice for a solo founder who wants a Bulgarian operating company without adding a second shareholder.
What is an EOOD?
An EOOD is a Bulgarian single-member limited liability company. It has one owner, separate legal personality and limited liability. It is the usual choice for a solo founder who wants a Bulgarian operating company without adding a second shareholder.
EOOD or OOD?
| Feature | EOOD | OOD |
|---|---|---|
| Owners | One shareholder | Two or more shareholders |
| Liability | Generally limited to company assets | Generally limited to company assets |
| Minimum capital | €1 | €1 |
| Decision making | Sole owner makes shareholder decisions | Shareholders decide under articles and law |
| Typical use | Solo founder or holding structure | Business with partners or investors |
What does an EOOD cost to set up?
| Item | Indicative 2026 cost | Notes |
|---|---|---|
| Minimum capital | €1 | Many banks require a practical deposit amount. |
| Commercial Register fee | €28.12 online; €56.24 on paper | State fee for first registration. |
| Notarisation, documents and filing support | Variable | Depends on founder location and power of attorney. |
| Formation package | Often about €280–€1,000+ | Provider scope and remote requirements vary. Our company formation and accountancy prices → |
| Registered address / virtual office | From about €400 annually | Not required if a real company address is used. |
How long does registration take?
Once the application is filed correctly, the Registry Agency normally rules by the end of the next working day. In practice, a straightforward local setup often takes five to ten business days once documents, bank capital account and signatures are ready. A remote setup using an apostilled power of attorney can take two to four weeks or longer.
What are the main obligations?
| Obligation | Typical timing | Why it matters |
|---|---|---|
| Statutory accounting | From incorporation | An accountant should be appointed before trading. |
| Corporate income tax | 10% of taxable annual profit | Annual return normally filed by 30 June following year-end. |
| Annual financial statements | Annual | Published through the Commercial Register, normally by 30 September. |
| VAT returns | Monthly, if registered | Generally due by the 14th of the following month. |
| Payroll/social security | Monthly, if relevant | Declarations and payments generally due by the 25th. |
| Register changes | When manager, owner, capital or address changes | Changes must be registered to take effect against third parties. |
Does every EOOD need an audit?
No. Smaller companies are generally not subject to mandatory independent audit. An audit becomes mandatory where a company exceeds at least two of the statutory thresholds for balance-sheet total, net revenue and average employee count. The current small-enterprise benchmarks include €1,022,584 balance-sheet total, €2,045,168 net revenue and 50 employees.
What should a foreign founder plan for?
- A Bulgarian registered address and a reliable accountant.
- Bank onboarding and source-of-funds evidence, which can take longer than company registration.
- VAT registration analysis before issuing invoices or buying foreign services.
- Apostilled power of attorney if the owner will not attend in Bulgaria.
- Real management, contracts and operational evidence if the founder lives elsewhere.
Thinking Bulgaria?
Sovereignty Global sets up Bulgarian EOODs for founders end to end — formation, registered address, accounting, banking and VAT analysis — with the structure built around genuine operations. Explore Tax Strategy and Bulgaria, or Book a Consultation. Next steps: when you must register for VAT and how founders take profit.
Sources
- Bulgarian Commerce Act; Registry Agency Commercial Register procedures.
- Accountancy Act; Corporate Income Tax Act.
- National Revenue Agency guidance. Reconfirm costs and deadlines before incorporation.