Sole Proprietorship

10% PIT
  • revenue-based tax
  • up to 5 business activity types
  • 1 owner (individual)
  • social contributions included, no additional costs

Limited Liability Company (EOOD/OOD)

10% CIT
+ 5% dividend
  • minimum share capital only 2 BGN (~1 EUR)
  • no mandatory social security contributions
  • possibility to register 100% online

Joint-Stock Company (AD)

10% CIT
+ 5% dividend
  • Share capital of 25,000 EUR.
  • For larger investments and international companies.

Why us?

Complete, integrated services with international expertise

Personal residence

Become a Bulgarian tax resident and pay only 5% tax on dividends and 10% or less on your global private income.

Full package

Certificates, virtual office, accounting, licences, physical offices and apartments, residence, banking, legal advisory and much more.

100% online

Ultra-fast LLC incorporation in Bulgaria in as little as 5 business days. From scratch, with no debts or hidden issues. Stay at home and relax.

Running costs

We can suspend your business so that it does not generate tax costs.

Privacy

The privacy of your needs and our conversation. We can use encrypted communication channels.

Accounting in Bulgaria

competence first

Professional accounting services in Bulgaria

We stand out through the quality of our services and our expertise in accounting and taxation. We hold licences for providing accounting services in Bulgaria.

Communication

We employ only communicative and helpful accountants.

Global experience

Multilingual support

We serve clients in English and Bulgarian. We also provide support on important matters in Polish and Romanian languages.

As part of our tax services, we offer a wide range of services in line with the applicable tax regulations in Bulgaria (Закон за корпоративното подоходно облагане – Corporate Income Tax Act, Закон за данък върху добавената стойност – VAT Act). Our accounting office provides professional support for small and medium-sized enterprises as well as large companies.

We offer, among others:

  • Company registration for tax purposes, including VAT registration (ДДС) and income tax registration with the National Revenue Agency (Национална агенция за приходите, NAP);
  • Preparation and filing of tax returns:
    • monthly and quarterly VAT returns (form VAT-7);
    • corporate income tax returns (annual CIT – 10%);
    • advance payments and annual personal income tax returns (10% PIT);
    • reporting of employees’ social security and health contributions to NAP (monthly forms);
    • property tax returns and local fee returns to municipalities;
  • Tax accounting, including revenue and expense ledgers, VAT records and tax–financial analyses;
  • Support in preparing annual financial statements in accordance with the Bulgarian Accounting Act (Закон за счетоводството) and national standards;
  • Settlement of international transactions, including intra-EU VAT, imports and exports, and OSS/IOSS procedures;
  • Tax analysis and optimisation, including identification of tax reliefs and lawful opportunities to reduce the tax burden;
  • Support during tax inspections, including documentation preparation and representation of the company before NAP authorities;
  • Preparation of financial statements and reports in accordance with International Financial Reporting Standards (IFRS) or corporate requirements of capital groups;
  • Monitoring and implementation of changes in tax regulations, ensuring compliance with current Bulgarian and EU regulations.

Thanks to our experience with the Bulgarian tax system, our team of specialists guarantees reliability, timeliness and full compliance with the applicable regulations. Our clients can focus on growing their business, knowing that their tax matters are in the best hands.

As part of our HR services, we provide, among others:

  • Comprehensive HR documentation management in accordance with the Bulgarian Labour Code (Кодекс на труда);
  • Preparation and management of employment contracts based on current Bulgarian labour law and the Client’s internal regulations;
  • Calculation and tracking of leave days, including annual leave, maternity, paternity and parental leave, sick leave and other benefits provided for by law;
  • Registration of employees in the social security and health insurance system (Национална агенция за приходите, NAP);
  • Keeping records of mandatory medical examinations (задължителни медицински прегледи) and monitoring their validity;
  • Preparation and issuance of employment certificates (трудова книжка, служебни бележки), income statements and other documents required under Bulgarian law;
  • Preparation of HR reports for public institutions, such as the Labour Inspectorate (Изпълнителна агенция „Главна инспекция по труда“) or the National Statistical Institute (Национален статистически институт, NSI);
  • Organisation and supervision of mandatory health and safety trainings (Здравословни и безопасни условия на труд, ZBUT).

Thanks to our in-depth knowledge of Bulgarian labour law, our team provides comprehensive HR support, compliance with regulations and timely fulfilment of obligations towards public institutions.

Within our payroll services, we offer, among others:

  • Payroll calculation including allowances and deductions (e.g. overtime, leave, sick leave, social and health insurance contributions and 10% PIT advance payments);
  • Preparation of payroll lists (ведомости за заплати) and reports for posting wages;
  • Preparation and execution of salary transfers to employees’ bank accounts;
  • Preparation and submission of monthly returns to the National Revenue Agency (Национална агенция за приходите, NAP), including returns relating to social and health insurance contributions and income tax advances;
  • Preparation of income certificates and pay slips for employees (фишове за заплата);
  • Generation of transfers to public authorities (payments to NAP, social and health insurance contributions, local taxes);
  • Preparation and submission of annual income information (годишни данъчни декларации and other required forms for employees and employers).

Our services are tailored both to the legal requirements in force in Bulgaria and to the individual needs and expectations of our Clients. This ensures comprehensive HR and payroll support at the highest level.

Posted workers (A1)
Employees posted to work abroad are subject to specific EU regulations laid down in Regulations No. 883/2004 and 987/2009. The method of calculating remuneration for persons employed on the basis of A1 certificates differs significantly from payroll calculation for employees working locally in Bulgaria. For employers this solution is more financially advantageous, while maintaining full compliance with the law.

We are one of the few accounting offices in Bulgaria that specialise in HR and payroll services for posted workers under A1 certificates, ensuring correct settlements, proper documentation and full support in dealings with the Национална агенция за приходите (NAP) and EU institutions.

QUESTIONS & ANSWERS

Above all, we provide comprehensive support in all key areas of running a company in Bulgaria. Thanks to this, you can be sure that your company will be able to conduct real operating activity and will not just be a useless registered entity. Our core values are responsibility, reliability and quality, which set the standards for our work.

All services are supervised by Szymon Ziemba – a Polish finance professional and entrepreneur. His experience and direct involvement in the process of establishing every company ensure that the proposed solutions are tailored to the nature of your business and compliant with local law.

Our goal is to reduce risk and point out new development opportunities. We provide all the services your company needs – from incorporation to full accounting and legal support. We will not leave you without support – we are with you at every stage.

No, a permanent place of residence in Bulgaria is not required in order to run a company there. Owners of limited liability companies (EOOD or OOD) benefit from one of the most attractive tax systems in Europe.

Dividends paid to a Bulgarian company from abroad, e.g. from Romania, are taxed in line with Bulgarian rules. Thanks to double taxation treaties, double taxation is avoided, and the final tax rate on dividends paid to shareholders is only 5%.

A properly planned corporate structure allows you to combine cross-border operations with Bulgaria’s favourable tax system, making the country one of the most attractive places to do business in the EU.

In Bulgaria, the tax system is based on flat rates. Corporate income tax (CIT) is 10%, regardless of the amount of profit. Personal income tax (PIT) is also 10% and does not increase as income grows. Dividends paid to shareholders are taxed at 5%.

In practice, this means that there are no tax brackets in Bulgaria – rates remain linear and stable.

The only significant threshold concerns VAT – the obligation to register arises after exceeding 100,000 BGN in revenue within 12 consecutive months.

The process of establishing a company in Bulgaria is fast and fully online.

  • Without VAT registration – registering a company (EOOD or OOD) in the Commercial Register usually takes 3–5 business days from the moment all documents are submitted.
  • With VAT registration – after the Commercial Register entry, an additional registration in the National Revenue Agency (NAP) is required. The full process typically takes 7–10 business days.

In practice, with properly signed documents in our all-inclusive package, a new Bulgarian company may start operating in approximately 14 days in a standard case. One must, however, consider the response times of public institutions and IT infrastructure, e.g., during holiday or vacation seasons.

Setting up a sole proprietorship in Bulgaria as a foreigner
The process of registering a sole proprietorship in Bulgaria is demanding for foreigners and often far more complex than it may initially seem.

Szymon Ziemba – founder of Company Romania – experienced this personally, needing as many as eight months, while using numerous local advisory and legal services, to launch a fully operational sole proprietorship in Bulgaria.

The total costs turned out significant, and the number of formalities, language barriers, and incorrect information available on the local market was surprisingly high. The low quality of corporate services and numerous legal pitfalls make it practically impossible for a foreigner to go through the entire process independently.

This is why our offer includes a comprehensive service for registering and operating a sole proprietorship in Bulgaria – optimized in terms of time, cost, and legal/security compliance.

Thanks to our experience, the process usually takes around 7–14 business days (plus time required for VAT registration), and the client avoids costly mistakes, unnecessary complications, and most importantly saves considerable time.

We place particular emphasis on the quality of our services. We ensure that our clients enjoy the best price-to-quality ratio. Our fee structure is transparent with no hidden costs, and our staff is fully qualified to perform the services. Above all, we deliver a complete service — not merely registering an entity that the client cannot actually use. Prices include all necessary elements, fees, and costs, ensuring your company is ready to start operations.

Any language — however, we prefer English, Polish, Bulgarian, and Romanian.