Company Formation in Bulgaria

Choosing the company form

• EOOD: a limited company with one owner, a person or a company, and €1 of capital. The usual choice for a subsidiary of a foreign group.
• OOD: the same with two or more owners, with their rights set out in the articles.
• AD or EAD: a joint-stock company with €25,000 of capital, required for banks, insurers and companies planning a listing.
• Branch or representative office: no new company; the foreign parent stays liable, and a representative office cannot trade.

Source: Chambers and Partners: Corporate Governance 2026, Bulgaria; Multilaw: Bulgaria, branch of a foreign entity; LPG Bulgarie: Setting up in Bulgaria, as a branch or as a subsidiary?^6,7,10

All the forms are compared on Company Forms in Bulgaria. The rest of this page covers the EOOD and OOD.

Before you start

• Any person or company, of any nationality, can found an EOOD or OOD; residence is not required.
• At least one manager must be an individual; they need not be Bulgarian or resident.
• The company needs a registered address in Bulgaria, backed by a lease, title deed or serviced-office contract.
• Decide the business activity (by NACE code) and the capital: €1 is the legal minimum.

Source: Global Law Experts: How to form a company in Bulgaria (EOOD and OOD), 2026¹

Documents

• Passport copies of founders and managers.
• Founding act (EOOD) or articles of association (OOD).
• The manager’s notarised consent and specimen signature.
• Proof of the registered address.
• The bank’s certificate that the capital has been paid in.
• A declaration of the beneficial owners.
• For a founder abroad: a power of attorney, notarised and apostilled or legalised, with a certified Bulgarian translation.

Source: Global Law Experts: How to form a company in Bulgaria (EOOD and OOD), 2026¹

Timing

Source: Global Law Experts: How to form a company in Bulgaria (EOOD and OOD), 2026¹

Filing online needs a qualified electronic signature and gets the lower state fee. The register can ask questions, which adds time.^1,3

What banks ask of foreign owners and managers is on Bank Account for Non-residents.

Costs

Source: Wise: Cost of starting a business in Bulgaria (Registry Agency fees); Fenchell: How to form an EOOD remotely (updated 8 June 2026); Bulgaria for Business: Accounting prices^2,8,9

Notary fees abroad, translations and the bank’s document checks come on top. All the costs are on Business Start-up Costs.

Using a formation provider

A founder abroad usually works through a law firm or company formation provider in Bulgaria. Remote packages typically cover the founding documents in Bulgarian and English, the notarised power of attorney, the capital deposit, the Commercial Register filing, a qualified electronic signature, VAT registration and the bank account, in about 20 days plus the register’s own time.^1,8

Company formation providers listed in the InvestBulgaria directory are shown at the foot of this page.

After registration

• Tax: the company is registered with the National Revenue Agency automatically.
• VAT: register within 7 days once taxable turnover passes €51,130 in the current or previous calendar year, or earlier by choice. The agency can take up to 14 days.
• Staff: register employment contracts with the National Revenue Agency within three days of signing.
• Accounts: keep books and file annual financial statements with the Commercial Register.
• Euro capital: companies registered with capital in leva have until 31 December 2028 to restate it in euro.

Source: Global Law Experts: How to form a company in Bulgaria (EOOD and OOD), 2026; PwC Worldwide Tax Summaries: Bulgaria, corporate, other taxes; Chambers and Partners: Employment 2026, Bulgaria, trends and developments; Registry Agency: Portal and news^1,4,5,3