Why Bulgaria
| Item | Bulgaria 2026 |
|---|---|
| Corporate income tax | 10% flat |
| Dividend withholding tax | 5% (0% to EU parent companies) |
| VAT | 20% standard, 9% reduced; registration mandatory above €51,130 annual turnover |
| Minimum share capital | €1 |
| Currency | Euro (since 1 January 2026) |
| Incorporation time | 1–2 business days after filing |
| Physical presence | not required — power of attorney or qualified e-signature |
How remote incorporation works
- 1
Consultation and quote
You send us the intended company name, activity, address and shareholder details. We confirm the structure and send a fixed written quote.
- 2
Documents
We draft the articles, resolutions and declarations in Bulgarian with an English courtesy translation. You sign before a notary in your country (with apostille) or at a Bulgarian consulate, or remotely with a qualified e-signature.
- 3
Capital and filing
We open the capital account with a Bulgarian bank, deposit the share capital and file with the Commercial Register.
- 4
Registration
The company receives its UIC (EIK) within 1–2 business days. We then register for VAT if needed and start monthly accounting.
Bank account: what to expect
This is the hardest part of a non-resident setup, and no provider can guarantee it. Bulgarian banks run enhanced due diligence on foreign directors: expect a request for proof of address, source of funds, a business plan and, in most cases, one in-person visit by the director or a notarised power of attorney. Timelines range from one week to two months.
| Option | Remote | Notes |
|---|---|---|
| Bulgarian bank (BGN/EUR IBAN) | usually one visit | needed for the capital account; we prepare the file and book the meeting |
| Wise Business / Revolut Business | yes | EU IBAN accepted for operations; not for the initial capital deposit |
| Paysera / other EMI | yes | fast onboarding; check limits for your volume |
Registered address (virtual office) €30/month · apostille and consular guidance included in the incorporation fee.
What you need
- ✓Passport copy of each shareholder and director
- ✓Three name options for the company
- ✓Registered address in Bulgaria (we can provide one for €30/month)
- ✓Description of the business activity
- ✓Preferred share capital (minimum €1; €50–€500 is common)
Pricing (excl. VAT)
| Company formation (EOOD/OOD), all fees included | €280 |
| Monthly accounting, up to 30 documents, 2 payroll persons | €150 / month |
| Formation + accounting package (first year) | €200 / month, no set-up fee |
| VAT registration | €80 (free with accounting) |
| Registered address (virtual office) | €30 / month |
| Bank account assistance (file, booking, accompaniment) | €120 |
Prices fixed in writing for 12 months. Full Bulgarian tariff: Pricing →
Ongoing accounting in English
Monthly bookkeeping from €150, including VAT returns, payroll for up to two persons, annual financial statements and their publication. Your dedicated accountant replies within two business hours by email or WhatsApp. Bank account opening for non-resident directors is arranged separately and depends on the bank's compliance review.
Frequently asked questions
Do I need to visit Bulgaria?
+−
No. Documents can be notarised abroad with an apostille or signed at a Bulgarian consulate. A Bulgarian qualified e-signature can also be issued remotely via video identification.
Can a non-resident be the sole director?
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Yes. There is no residency requirement for directors or shareholders of an EOOD/OOD.
How is dividend income taxed if I live abroad?
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Bulgaria withholds 5%, reduced or credited under the double tax treaty with your country of residence. We provide the withholding certificate.
Is a bank account guaranteed?
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No bank guarantees an account; compliance review depends on your residency and business. We prepare the file and accompany the application; fintech alternatives are available for many cases.
Sources
Corporate Income Tax Act; Personal Income Tax Act; VAT Act (SG 115/30.12.2025); Commerce Act; Commercial Register Act. Verified on 3 September 2026.
Important
Bulsmetka is a private accounting firm, not a government body. Information is general and does not replace individual advice. State fees are invoiced at cost.