Company Formation in Bulgaria
Last updated: September 2026
Bulgaria levies a flat 10% corporate income tax and a flat 10% personal income tax: the joint-lowest headline corporate rate in the EU, shared only with Hungary's 9% at the top of the league. The dominant vehicle for foreign founders is the OOD (дружество с ограничена отговорност), the Bulgarian private limited company and local equivalent of an LLC, or its single-member variant, the EOOD. The statutory minimum share capital is just BGN 2, roughly €1.02 since Bulgaria adopted the euro on 1 January 2026. Registration at the Commercial Register completes in 2 to 5 working days. Outbound dividends to EU parents suffer 0% withholding under the Parent-Subsidiary Directive; to non-EU corporate recipients the rate is 5%. VAT is 20% standard, with the registration threshold reset to €51,130 per calendar year from January 2026. There is no residency requirement for shareholders or managing directors.
We form Bulgarian OOD and EOOD companies end to end: name reservation, articles of association, capital account opening, Commercial Register filing, NAP tax registration, UBO declaration, and a registered office in Sofia. Fixed price, dedicated manager, all government and legal fees included.
| Quick facts | Value |
|---|---|
| Corporate Income Tax (CIT) | 10% flat |
| Local company form | OOD / EOOD (дружество с ограничена отговорност), equivalent of an LLC / private limited company |
| Personal Income Tax | 10% flat |
| VAT (ДДС) | 20% standard / 9% reduced (hotels, books, medicines) / 0% intra-EU |
| VAT registration threshold | €51,130 per calendar year (residents, 2026); none for non-residents |
| Minimum share capital (OOD / EOOD) | BGN 2 (~€1.02) |
| Minimum share capital (AD) | BGN 50,000 (~€25,565) |
| Withholding tax — dividends | 5% to non-residents / 0% to EU/EEA parents |
| Withholding tax — interest & royalties | 10% / 0% for EU associated companies |
| Minimum directors / shareholders | 1 manager, 1 shareholder (can be the same person, can be foreign) |
| Residency requirement | None |
| Standard formation time | 3 to 7 business days (Commercial Register entry in 2–5 working days) |
| Government fees | Included in our packages |
| Language of filings | Bulgarian (Cyrillic script) |
| Currency | Euro (since 1 January 2026; fixed rate 1 EUR = 1.95583 BGN) |
Why Form a Company in Bulgaria
Bulgaria is the cheapest serious EU jurisdiction. Not cheap in the offshore sense — headline tax rates are low, filings are light, and operating costs run at roughly a third of the Western European average. Four reasons foreign founders pick it.
Bulgaria is usually one of several EU candidates on a founder's list. Our guide to company formation in Europe covers how to narrow that list, and the all 27 EU states comparison puts capital, tax and timing figures side by side.
The 10% flat tax stack. Corporate profits: 10%. Personal dividends: 5% (0% to EU parents). Personal income: 10% flat. No progressive band, no surtax, no solidarity levy. For a founder drawing salary and dividends, the combined effective rate typically lands between 14% and 19% — lower than any competing EU regime. Hungary beats Bulgaria on headline CIT by a single percentage point, but Hungary's 2% local business tax on adjusted revenue closes that gap. Bulgaria has no equivalent municipal turnover tax.
Now a eurozone member. Bulgaria joined the euro on 1 January 2026 at a locked conversion rate of 1 EUR = 1.95583 BGN. The FX layer between a Bulgarian subsidiary and a Western European parent has disappeared. SEPA instant payments now operate end-to-end, and the pricing of cross-border invoices no longer absorbs a 1–2% spread.
Effectively no capital barrier. The statutory minimum for an OOD or EOOD is BGN 2 — about €1.02. Compare that to Germany's €25,000 GmbH capital or Austria's €35,000 AG minimum. Bulgaria sets the European floor.
EU access and a deep IT labour pool. Bulgaria is a full Single Market member, in Schengen for air and sea travel since March 2024, and now in the eurozone. Sofia hosts the largest cluster of software developers in the Balkans, with salaries averaging 40–50% below Austrian equivalents.
Trade-offs to weigh. Filings are in Bulgarian, written in Cyrillic — we handle translation and Commercial Register submission. The SAF-T mandatory reporting regime launched on 1 January 2026 for large taxpayers (revenue above BGN 300 million) and phases down to smaller taxpayers through 2028. Non-resident banking usually requires one branch visit by the managing director.
For comparable jurisdictions in the region, see Romania, Greece, and Cyprus.
Company Types Available in Bulgaria
Bulgarian commercial law — codified in the Commerce Act (Търговски закон) of 1991 — recognises six main company forms plus the foreign branch. For more than 90% of new foreign-controlled formations, the OOD or EOOD is the right answer.
What does OOD mean?
OOD stands for дружество с ограничена отговорност (druzhestvo s ogranichena otgovornost), Bulgarian for company with limited liability. It is the Bulgarian private limited company and the local equivalent of an LLC, governed by the Commerce Act of 1991. EOOD adds еднолично (single-member). Foreign subsidiaries, IT service companies and owner-managed businesses use it.
OOD (Дружество с ограничена отговорност)
The Bulgarian equivalent of a private limited company with two or more shareholders. Limited liability up to the share capital. Statutory minimum capital is BGN 2 — approximately €1.02 at the fixed conversion rate. Each share must have a nominal value of at least BGN 1. One or more managing directors (управител) are appointed; they may be natural persons or corporate entities, resident or non-resident, Bulgarian or foreign nationals. Annual filings go to the Commercial Register (financial statements) and the National Revenue Agency (CIT return). Audit is mandatory above the statutory thresholds (balance sheet assets above BGN 2 million, net revenue above BGN 4 million, or 50+ employees — two of three).
EOOD (Еднолично дружество с ограничена отговорност)
The single-member variant of the OOD. Identical in every respect — same BGN 2 minimum capital, same liability profile, same tax treatment — except that there is one shareholder, which may be a natural person or a corporate entity. Roughly 70% of new foreign-owned Bulgarian formations are EOODs because most founders set up a sole-owned subsidiary of a foreign holding company or operate the Bulgarian entity as their primary trading vehicle.
Is BGN 2 really the minimum share capital for an OOD or EOOD?
Yes. The Commerce Act sets the minimum share capital of a Bulgarian OOD or EOOD at BGN 2, about €1.02 at the fixed euro conversion rate. Each share must be worth at least BGN 1. The capital is paid into a Bulgarian capital account before the Commercial Register filing, and the bank certificate is attached to the application.
AD (Акционерно дружество)
The Bulgarian joint-stock company. Minimum share capital is BGN 50,000 — roughly €25,565. Required vehicle for regulated activities (banking, insurance) and for public offerings on the Bulgarian Stock Exchange. Governance is either one-tier (board of directors) or two-tier (management board plus supervisory board). Mandatory audit.
EAD (Еднолично акционерно дружество)
The single-shareholder variant of the AD. Same BGN 50,000 capital, same governance requirements. Used for wholly-owned subsidiaries of foreign holding structures where joint-stock features are needed.
KD and SD (Командитно дружество and Събирателно дружество)
The limited partnership (KD) and general partnership (SD). No statutory minimum capital. In the SD, all partners have unlimited personal liability; in the KD, at least one general partner bears unlimited liability and the limited partners are capped at their contribution. Rarely used for foreign-invested structures.
Клон (Branch)
A foreign company's Bulgarian branch. Not a separate legal entity — the parent's balance sheet and liability extend to the branch. Used when a foreign group needs Bulgarian presence without a separate subsidiary. The branch is taxed on Bulgarian-source income at the same 10% CIT rate and must maintain Bulgarian accounting records.
The legal framework for a Bulgarian company
Four statutes matter. The Commerce Act (Търговски закон) of 1991 governs formation, capital, the manager's powers and the general meeting. Under Article 145 the manager is liable to the company for damage caused by his management. The Commercial Register and Register of Non-Profit Legal Entities Act sets the electronic filing regime at the Registry Agency and makes every filed document public. The Measures Against Money Laundering Act (ЗМИП) of 2018 created the beneficial owner declaration filed in the Commercial Register and the customer due diligence that banks and agents run. The Accountancy Act fixes the annual financial statements and the 30 September publication deadline.
| Form | Min capital | Liability | Tax | Common use |
|---|---|---|---|---|
| OOD | BGN 2 (≈€1.02) | Limited | 10% CIT | Default — SMEs, foreign subs |
| EOOD | BGN 2 (≈€1.02) | Limited | 10% CIT | Sole-owner foreign sub, default |
| AD | BGN 50,000 (≈€25,565) | Limited | 10% CIT | Larger unlisted, regulated |
| EAD | BGN 50,000 (≈€25,565) | Limited | 10% CIT | Wholly-owned holding sub |
| KD / SD | None | Mixed / personal | 10% CIT (KD) / partners (SD) | Niche structures |
| Branch | n/a | Parent's | 10% CIT on BG-source income | Foreign group presence |
If your timeline is urgent and you need an existing entity rather than a fresh incorporation, our sister brand offers ready-made Bulgarian OOD companies — pre-registered, dormant, transferable in days.
Step-by-Step Formation Process
A typical OOD or EOOD formation follows these steps. As your company formation agent in Bulgaria, we prepare and file each step below. The Commercial Register (Търговски регистър), kept by the Registry Agency, is the Bulgarian company registry, and every filing goes in electronically.
- Name reservation and clearance. We confirm the proposed company name is available in the Commercial Register, contains the mandatory "OOD" or "EOOD" suffix, and does not clash with protected terms (no unauthorised use of "bank", "insurance", "Bulgaria", "national"). Bulgaria uses the Cyrillic alphabet in the register — we also advise on the Latin transliteration used for international contracts.
- Articles of association drafted. For an OOD we draft the дружествен договор (partnership contract), and for an EOOD the учредителен акт (founding act). Either document sets out the company name, seat, purpose, capital, share allocation, and governance rules. Execution does not require a Bulgarian notary for the articles themselves, but the managing director's specimen signature must be notarised — either before a Bulgarian notary or apostilled abroad.
- KYC and shareholder documentation. Each shareholder, managing director, and ultimate beneficial owner provides passport, proof of address dated within three months, and a tax identification number from the home country. Foreign corporate shareholders provide apostilled certificates of incorporation, extracts from the home commercial register dated within three months, and a UBO declaration. Foreign documents are translated into Bulgarian by a sworn translator on our certified network.
- Registered office secured. Every Bulgarian company must register a seat (седалище и адрес на управление) at a physical Bulgarian address with a written owner's consent. We provide a registered office in Sofia as part of standard packages, with the landlord consent issued in the company's name.
- Capital account opened and share capital deposited. A Bulgarian capital account at one of the commercial banks is required — the bank certificate showing the paid-in capital is a mandatory attachment to the Commercial Register application. Following euro adoption, the account is euro-denominated. For a BGN 2 minimum capital, the practical deposit is €1.02. The account converts to an operating current account once the company is registered.
- Commercial Register filing. The incorporation file is submitted electronically to the Registry Agency (Агенция по вписванията). Standard processing clears the registration decision within 2 to 5 working days of a complete submission. Rejection rates for properly prepared files are under 3%.
- NAP and post-incorporation registrations. Within statutory deadlines after registration, we file the UBO declaration in the Commercial Register's ultimate beneficial owner module, register the company with the National Revenue Agency (НАП) for CIT, apply for a VAT number if applicable (mandatory from the first taxable supply for non-residents; optional below €51,130 for residents), and register with the National Social Security Institute once the company hires. SAF-T reporting is required only for taxpayers above the phased thresholds that begin at BGN 300 million revenue.
End-to-end from KYC clearance to operating company with a bank account is typically 3 to 7 business days once founders' documents are apostilled and translated. The Commercial Register entry usually lands on day 3 or 4.
How to register a company in Bulgaria in 2026
Registration in 2026 runs entirely through the electronic portal of the Registry Agency. Reserve the name, sign the articles and notarise the manager's specimen signature. Then deposit the euro share capital in a Bulgarian capital account and file the application with the bank certificate attached. The registration decision follows in 2 to 5 working days, and the EIK number appears in the Commercial Register the same day.
Does a Bulgarian company need a separate tax identification number?
No. The nine-digit EIK (ЕИК, unified identification code) that the Commercial Register assigns at registration doubles as the company's tax number with the National Revenue Agency. Once VAT registration is granted, the VAT number is simply BG followed by the EIK. NAP registers the company for corporate tax from the Commercial Register data; only VAT needs a separate application, and employment contracts are notified to NAP once staff are hired.
Required Documents
For each shareholder, managing director, and beneficial owner:
- Passport or EU national ID (notarised copy for non-residents signing remotely)
- Proof of residential address dated within the last three months
- Notarised specimen signature (нотариално заверен образец от подпис) of the managing director — executed before a Bulgarian notary or apostilled abroad
- Tax identification number from the home country
- UBO declaration (natural persons holding 25%+ or otherwise controlling the company)
- Signed director consent for the appointment as управител
For corporate shareholders:
- Apostilled certificate of incorporation
- Apostilled current extract from the home commercial register (within three months)
- Apostilled register of directors / certificate of incumbency
- Apostilled shareholder register identifying the ultimate beneficial owners
- Sworn Bulgarian translation of all foreign documents (we arrange through a certified translator — mandatory for the Commercial Register)
You also confirm the registered office address (we provide one in Sofia if you do not have your own Bulgarian address — landlord consent is issued as part of the package), the share capital allocation, and the business activity codes (NACE/KID) describing intended operations.
What are the requirements to register a company in Bulgaria?
One shareholder, one manager (управител), BGN 2 of share capital deposited in a Bulgarian capital account, a registered seat in Bulgaria with the owner's consent, and articles in Bulgarian. The manager's specimen signature is notarised, foreign documents are apostilled and sworn-translated, and the beneficial owner is declared. Registration at the Commercial Register follows in 2 to 5 working days.
Costs and Timeline
Bulgarian formation costs depend on the signing route (in person versus notarised power of attorney), the volume of sworn translation required for foreign corporate shareholders, and the choice between standard and expedited registration. For almost every cf24 client, the electronic standard filing is the right path.
What determines the cost of company registration in Bulgaria?
Five components. The state fee at the Registry Agency, which is lower for electronic filing than for paper. Notary charges for the specimen signature, and for a power of attorney when you sign abroad. Sworn Bulgarian translation, billed per page, plus apostilles obtained in your home country. The capital account and the registered office. Our fixed service fee, which bundles all of the above.
Our packages cover the full incorporation: name reservation, articles of association drafted in Bulgarian, notarised specimen signatures or apostille coordination abroad, Bulgarian capital account opening with euro capital deposit, sworn translation of foreign documents, electronic filing with the Commercial Register at the Registry Agency, CIT and VAT registration with NAP, UBO declaration, and a registered office in Sofia for year one. Contact us for a fixed-price quote — all government, notarial, and translation premiums are included in our packages, with no hourly bills and no extras invoiced after the fact.
Typical timeline from KYC clearance:
| Day | Milestone |
|---|---|
| 0 | Engagement, KYC submitted |
| 1–2 | KYC cleared, articles drafted, foreign documents apostilled and translated |
| 3 | Specimen signatures notarised, capital account opened, capital deposited |
| 4 | Electronic incorporation application filed with the Commercial Register |
| 5–7 | Registry decision issued, NAP registration for CIT/VAT, UBO filing |
| 7–10 | Operating bank account activated; ready to transact |
Tax Overview for Bulgarian Companies
Bulgarian corporate taxation is the simplest in the EU. One flat rate for companies, one flat rate for individuals, one headline VAT rate.
Corporate Income Tax: 10% (unchanged since 2007), a flat rate on worldwide profits for Bulgarian tax residents, in force since 1 January 2007. No tiered small-company rate, no surtax, no alternative minimum tax. For multinational groups in scope of Pillar Two (consolidated revenue above €750 million), the Qualified Domestic Minimum Top-up Tax applies and pushes the effective rate up to 15% under the 2024 implementing legislation. Domestic SMEs sit well below that threshold.
VAT: 20% standard, the EU average. 9% reduced for hotel accommodation, books, baby food, and certain medicines. The previous 9% reduced rate for restaurants, bread and flour expired on 1 January 2025. 0% for intra-EU supplies and qualifying exports. From 1 January 2026, the VAT registration threshold was reset to €51,130 per calendar year — a change from the previous BGN 100,000 rolling-12-month threshold. Non-resident businesses must register before the first taxable supply. A new seven-day application deadline applies once the threshold is exceeded.
Withholding tax on outbound payments. Dividends to non-resident corporates are subject to 5% WHT, unless reduced by a double-tax treaty. Dividends to an EU or EEA tax-resident company are exempt under the Parent-Subsidiary Directive. Interest and royalties to non-residents carry 10% WHT, reducible under Bulgaria's 70-plus treaties; payments to EU-associated companies are exempt under the Interest and Royalties Directive. A Budget Law proposal to increase dividend WHT from 5% to 10% was withdrawn from the final 2026 budget after social-partner negotiations.
Personal Income Tax: 10% flat. Social security contributions total roughly 32.7% of gross salary, split between employer and employee, with a cap on the maximum insurable base.
Participation exemption. Dividends received by a Bulgarian company from an EU or EEA subsidiary are exempt from CIT. Capital gains on shares listed on a regulated EU or EEA market are exempt; gains on private-company shares are taxed at the standard 10% CIT.
SAF-T mandatory reporting. From 1 January 2026, Bulgaria introduced Standard Audit File for Tax submissions for large taxpayers — initially companies with 2023 net revenue above BGN 300 million or total tax and social security liabilities above BGN 3.5 million. The obligation phases down to smaller taxpayers through 2028.
Euro adoption. Following Bulgaria's 1 January 2026 entry into the eurozone, all tax rates, thresholds, and filings are redenominated in euros. Companies must update their articles with euro capital amounts by 31 December 2026. We handle that amendment as a standalone filing for existing clients.
Banking for Bulgarian Companies
A Bulgarian capital account is required before Commercial Register registration — the bank certificate showing the paid-in share capital is a mandatory attachment. It converts to an operating current account once the company is live. The sector is supervised by the Bulgarian National Bank (BNB) and has consolidated around five top-tier institutions.
UniCredit Bulbank is the largest bank in Bulgaria by assets. Italian parent UniCredit Group, English-language corporate desk, non-resident-friendly onboarding. The go-to mainstream choice for cf24 clients with a non-resident managing director. A Sofia branch visit is typically expected, though notarised and apostilled power of attorney is accepted case by case.
DSK Bank is the second-largest bank, part of Hungary's OTP Group. Strong digital banking platform with English-language online access and multi-currency corporate accounts. Often the most flexible mainstream bank on remote documentation for EU-based UBOs.
Postbank (operating as Eurobank Bulgaria) is the third-largest bank, owned by Greek parent Eurobank. Well-suited to founders with parallel Greek or Cypriot operations under the same group.
United Bulgarian Bank (UBB, under the OBB brand since the KBC integration) is owned by Belgium's KBC Group. Fits clients with parallel Belgian, Czech, Slovak or Hungarian operations under the KBC regional footprint.
Raiffeisenbank Bulgaria (parent RBI in Austria) is the most non-resident-friendly of the mid-tier options. Strong CEE cross-border experience and a well-developed corporate e-banking platform.
First Investment Bank (Fibank) is the largest domestically-owned bank; competitive on fees for smaller operating companies.
Wise Business, Revolut Business and Payoneer cover the EMI lane with fully remote onboarding, multi-currency balances, and integrated SEPA and SWIFT rails. An EMI account does not satisfy the capital-deposit requirement for Commercial Register registration — pair an EMI with one of the commercial banks above to get the best of both. With Bulgaria now in the eurozone, SEPA instant payments run end-to-end between Bulgarian banks and the rest of the euro area.
Compliance and Reporting Obligations
A Bulgarian OOD or EOOD has a light but fixed annual calendar. Every filing is electronic, either through the Commercial Register portal of the Registry Agency or the e-services portal of the National Revenue Agency (NAP), and all of it is in Bulgarian. Our accounting partner runs the calendar for cf24 clients.
| Obligation | Deadline | Authority |
|---|---|---|
| Annual corporate income tax return | 30 June of the following year | NAP |
| Annual activity report (statistical) | Filed together with the tax return | National Statistical Institute, via NAP |
| Publication of annual financial statements | 30 September of the following year | Commercial Register at the Registry Agency |
| Declaration of no activity (dormant companies) | 30 June of the following year | Commercial Register |
| VAT return and VIES declaration | 14th of the month following the tax period | NAP |
| Advance corporate tax instalments | Monthly or quarterly, depending on prior-year revenue | NAP |
| UBO declaration | Within 7 days of any change in beneficial ownership | Commercial Register UBO module |
| Payroll declarations and social security | Monthly, once staff are employed | NAP and the National Social Security Institute |
Audit applies only above the thresholds listed under Company Types; most foreign-owned EOODs file unaudited statements prepared by a licensed accountant. Missing the 30 September publication brings a fine from the Registry Agency on the company and on the manager. The euro redenomination of the articles due by 31 December 2026, described in the Tax Overview, is a one-off filing on top of this calendar.
The general meeting of an OOD, or the sole owner of an EOOD, adopts the annual financial statements under Article 137 of the Commerce Act before the manager files them for publication. Company books, the shareholders' register and the general meeting minutes stay at the registered seat in Sofia.
Employer obligations once the company hires
Every employment contract is registered with NAP within three days of signing under Article 62(3) of the Labour Code, before the employee starts work. Payroll then runs monthly. Declarations 1 and 6, with the social security contributions and income tax withheld, go to NAP by the 25th of the following month. The combined contribution rate is the roughly 32.7% noted in the Tax Overview. A non-EU employee needs a single residence and work permit issued by the Migration Directorate on a positive opinion of the Employment Agency, or an EU Blue Card for highly qualified roles. EU and EEA citizens need no permit.
Forming a Bulgarian Company as a Non-Resident
A non-resident can be the sole shareholder and sole managing director (управител) of an OOD or EOOD. The Commerce Act sets no nationality, residency or work-permit condition for either role, and no local representative is needed. As your company formation agent in Bulgaria, we supply the registered office in Sofia with the landlord consent the Commercial Register requires.
A non-resident founder provides a passport or EU ID, proof of address dated within three months, a home-country tax identification number and the UBO declaration. The managing director's specimen signature is notarised before a Bulgarian notary or apostilled abroad, and corporate shareholders add apostilled extracts with sworn Bulgarian translations. A visit is optional. A notarised and apostilled power of attorney lets us complete the whole formation remotely.
For founders in the United States, the United Kingdom and Germany, the apostille comes from the Secretary of State of the issuing state, the FCDO Legalisation Office and the competent Land authority. Each document then receives a sworn Bulgarian translation before filing.
Owning a Bulgarian company does not by itself grant residence. Non-EU founders usually apply for a type D long-stay visa at a Bulgarian consulate and then for a residence permit from the Migration Directorate. The commercial-activity route under the Foreigners in the Republic of Bulgaria Act requires the company to create and maintain at least 10 jobs for Bulgarian citizens. EU and EEA citizens register with the Migration Directorate directly. We form the company; visa applications belong with an immigration lawyer.
Banking is the one step where a non-resident may still travel. The capital account must be opened at a Bulgarian commercial bank before filing, because an EMI account does not satisfy the capital-deposit rule. UniCredit Bulbank and DSK Bank accept remote KYC on apostilled documents case by case; otherwise a non-resident director plans one branch visit in Sofia. Wise or Revolut Business can run day-to-day payments afterwards.
Frequently Asked Questions
How long does it take to register a company in Bulgaria?
The Commercial Register at the Registry Agency processes a complete electronic filing within 2 to 5 working days. Including KYC, articles drafting, capital account opening with share capital deposit, sworn translation of foreign documents, and tax registration with the National Revenue Agency, the typical end-to-end timeline is 3 to 7 business days from first contact to a fully operational OOD or EOOD.
What is the minimum share capital for a Bulgarian OOD?
The statutory minimum is BGN 2 — approximately €1.02 at the fixed conversion rate of 1 EUR = 1.95583 BGN. Each share must have a nominal value of at least BGN 1. Following euro adoption on 1 January 2026, new OOD and EOOD companies are typically capitalised in euros directly. The AD requires BGN 50,000 (≈€25,565).
What is the difference between an OOD and an EOOD?
An OOD is a multi-member limited liability company with two or more shareholders. An EOOD is the single-member variant with exactly one shareholder — a natural person or corporate entity. Everything else is identical: the same BGN 2 minimum capital, the same 10% CIT, the same governance. Roughly 70% of new foreign-owned Bulgarian formations are EOODs.
Can foreigners register a company in Bulgaria?
Yes. Bulgarian company law imposes no residency, citizenship, or work-permit requirement on shareholders or managing directors of an OOD or EOOD. A non-resident foreigner can be the sole shareholder and sole управител from day one. Corporate shareholders can be foreign companies from any jurisdiction, subject to UBO disclosure in the Commercial Register and bank KYC.
What is the corporate tax rate in Bulgaria?
The Bulgarian CIT rate is 10% — a flat rate in force since 1 January 2007 and among the lowest headline rates in the European Union. It applies uniformly across every sector, with no tiered bands or surtaxes. Multinational groups with consolidated revenue above €750 million face a 15% effective rate under Pillar Two. Personal income tax is also a flat 10%.
Do I need to visit Bulgaria to form a company?
Not necessarily. Founders can execute a notarised power of attorney in their home country, apostille and translate it, and we complete the formation on their behalf — including the managing director's specimen signature. A physical visit to the bank may be required to finalise account opening, though UniCredit Bulbank and DSK Bank accept remote KYC from apostilled documents on a case-by-case basis.
Does Bulgaria's euro adoption affect my Bulgarian company?
Yes, in three practical ways. First, share capital, financial statements, and tax filings are denominated in euros from 1 January 2026 — old BGN values convert at 1 EUR = 1.95583 BGN. Second, articles must be updated with euro capital amounts by 31 December 2026; we handle this amendment for existing clients. Third, cross-border SEPA payments now run without the BGN-EUR conversion spread.
Get Started — Form Your Bulgarian Company
A fixed-price quote in 60 seconds. Articles of association drafted in Bulgarian by our in-house counsel. Commercial Register filing in 2 to 5 working days under the standard electronic procedure. Euro-denominated capital account arranged at UniCredit Bulbank, DSK Bank, Postbank, UBB, or Raiffeisenbank Bulgaria. Sworn translation of your home-country corporate documents through our certified network. Registered office in Sofia included.
Call +48 2222 5 2222 or email info@companyformation24.com to start. Most Bulgarian OOD and EOOD formations are complete and operating with a bank account within 7 business days.
Content prepared by Piotr Walter, In-house Counsel. Approved by Tomasz Bielski, Managing Director.
Looking for a faster route? Our sister brand offers ready-made Bulgarian OOD, pre-incorporated and transferable in days.
