Launch your company
in the EU's lowest tax
jurisdiction.

Yes. There are no restrictions on foreign ownership. You can be the sole shareholder and director of an EOOD without being a resident or citizen of Bulgaria.

No. The entire process is 100% remote. You authorize a representative via a notarized Power of Attorney (which you can sign in your home country with apostille), and we handle everything else on your behalf.

Sofia Launchpad (€249/year): Best if you visit Sofia occasionally. Mail is photographed and stored for 30 days. Scan/forwarding available for extra fees.

Remote Operator (€39/month): Best for fully remote operations. All mail is automatically opened, scanned, translated to English, and emailed to you with WhatsApp alerts for urgent items.

Yes. We provide bank introduction letters and handle all required documentation. Most clients get approved within 2–4 weeks, though timelines depend on the bank's internal processes (which we cannot control).

After your initial setup, you'll need:

• Virtual office subscription (€249/year or €39/month)
• Annual tax filing (even if no activity)
• Accounting services if you're active (€180–310/month depending on VAT status)

All government fees, bank charges, and service costs are disclosed upfront — no surprises.

EOOD (Sole Owner LLC): Best for solo founders. You own 100% and manage it yourself. Minimum capital: 2 BGN (~€1).

OOD (LLC): For 2+ partners. Shares divided between owners. Minimum capital: 2 BGN (~€1).

DPK (Variable Capital Company): Designed for startups. Flexible capital, simplified share transfers, and employee stock options (ESOP) support.

VAT registration becomes mandatory once your company's taxable turnover exceeds 100,000 BGN (approximately €51,130) within a single calendar year (January–December). If you cross that threshold mid-year, you are required to register promptly — not at year-end.

Voluntary registration is also available before reaching the threshold, which can be advantageous if your clients are VAT-registered businesses and you want to reclaim input VAT on expenses. Our in-house accounting team can advise on whether early registration makes sense for your specific situation.

The 10% rate is applied to taxable profit — not revenue. Specifically, it is levied on your company's accounting profit after allowable deductions (legitimate business expenses, depreciation, etc.) have been subtracted.

In practical terms: if your company generates €100,000 in revenue and has €70,000 in qualifying expenses, your taxable profit is €30,000 — and your corporate tax liability is €3,000. If your company operates at a loss in a given year, no corporate tax is due. Losses can also be carried forward for up to five years.

Yes. All Bulgarian-registered companies — including dormant and inactive ones — are legally required to submit an annual tax return to the National Revenue Agency (NRA) by 30 June of the following year, regardless of whether any trading activity took place.

Failure to file, even with zero activity, can result in fines ranging from BGN 500 to BGN 3,000. If you are not currently trading, our in-house accounting team offers a streamlined dormant-company filing service at a reduced cost.

We have established relationships with both traditional Bulgarian banks and fintech providers, though for most clients we recommend starting with a fintech solution. Fintech accounts are faster to open, fully remote-friendly, and come with significantly lower fees — making them well-suited to the type of lean, internationally-operating businesses we typically work with.

We work closely with Paysera and iCard — both EU-regulated fintech providers with low or no monthly account fees — and can facilitate a smooth onboarding process with either. Traditional banks remain an option and we can facilitate introductions. However, they tend to have more demanding KYC requirements, higher account maintenance fees, and some require you to appear in person to activate online banking — which defeats the purpose of a fully remote setup. We will advise you on the best fit for your business model as part of our Banking Assistance service.

Yes. Once your company has been formally registered in the Bulgarian Commercial Register, you can use your registration documents and our verified Sofia address to open a Wise Business or Revolut Business account entirely online — no branch visit required.

Both platforms accept Bulgarian-registered entities and are widely used by our clients as their primary business accounts. If you need assistance preparing your KYC documentation for the application, this is covered under our Banking Assistance service.

A Type D visa is Bulgaria's long-stay visa — it allows non-EU nationals to enter the country and apply for a residence permit. For digital nomads, it is the mandatory first step before obtaining a one-year Bulgarian residence permit under the Digital Nomad Visa programme, which launched in December 2025.

You qualify if you are a non-EU/EEA citizen and fall into one of these three categories:

• A remote employee under contract with a company registered outside the EU, EEA, or Switzerland
• An owner or shareholder holding more than 25% of a company registered outside the EU, EEA, or Switzerland
• A freelancer who has been providing remote services to non-Bulgarian clients for at least one year prior to applying

You must also demonstrate a minimum annual income of approximately €31,000, hold valid health insurance covering Bulgaria and the Schengen Area, and provide proof of accommodation — which our Nomad Resident package is specifically designed to supply. The permit is initially issued for one year and can be renewed once.

Holding a Bulgarian residence permit does not automatically make you a Bulgarian tax resident. Tax residency is determined separately — typically by whether you spend more than 183 days in Bulgaria within a calendar year, or whether Bulgaria becomes your primary centre of personal and economic life.

If you do become a Bulgarian tax resident, you would be subject to a flat 10% personal income tax on your worldwide income — which is one of the lowest rates in the EU. Bulgaria also has double taxation treaties with over 70 countries, which generally prevent you from being taxed on the same income twice.

Because the interaction between residency permits and tax obligations varies significantly depending on your country of origin and personal circumstances, we strongly recommend consulting with our in-house legal and accounting team before making any decisions.

Yes. Dependents — including a spouse and minor children — can join you in Bulgaria through a family reunification process. This is a separate application and is not submitted simultaneously with your own; your family members may apply once you have received your residence permit ID card.

Family reunification requires its own supporting documentation and is subject to approval by Bulgarian Migration authorities. Our in-house legal team can manage this process on your behalf.

Your service agreement and virtual office confirmation are issued promptly upon payment — your Sofia address is active and ready to use. You will also receive access credentials to our dedicated client portal, where you can track correspondence and manage your account.

A member of our team will contact you by email and phone shortly after to confirm the details of your order and request any documents required to proceed — such as a copy of your ID for KYC verification or information needed for company registration. The exact next steps will depend on the specific services you have purchased.

Yes. Both the company name and the appointed director can be changed after incorporation by filing an amendment with the Bulgarian Commercial Register. The process requires updated Articles of Association, a shareholder resolution, and notarised documentation — all of which our in-house legal team can prepare and file on your behalf.

Changes typically take 5–10 business days to be reflected in the official register. State filing fees apply and will be disclosed upfront before any work begins.

Closing a Bulgarian company is done through a formal voluntary liquidation process governed by the Commerce Act. The key steps involve a shareholder resolution to dissolve the company, appointment of a liquidator, settlement of any outstanding liabilities, a statutory notice period for creditors, and a final application to strike the company from the Commercial Register.

The process typically takes a minimum of six months end-to-end. It is worth noting that a company must continue to file annual tax returns throughout the liquidation period until it is formally deregistered. Our in-house legal and accounting teams handle the full closure process — contact us for a quote based on your company's current status.

All legal filings — including company incorporation, Commercial Register amendments, Power of Attorney preparation, and residency documentation — are handled by our in-house legal team, staffed by licensed Bulgarian attorneys.

All financial and tax matters — including annual tax returns, VAT filings, bookkeeping, and NRA correspondence — are managed by our in-house accounting team, whose members include English-speaking certified accountants. Bizport EU coordinates and monitors the full process on your behalf, so you have a single point of contact throughout.