Non-EU founders can fully own and manage a Bulgarian EOOD without living there. This single-member LLC offers EU market access, 10% flat tax, and remote setup in days.
Why Choose EOOD for Non-EU Entrepreneurs?
An EOOD (Едноличен дружество с ограничена отговорност) is Bulgaria’s single-shareholder limited liability company. Non-EU citizens get 100% ownership with just €1-2 minimum capital, no local partner required. Liability limits to invested capital, shielding personal assets.
Popular for digital nomads, e-commerce sellers, and consultants targeting EU clients. Benefits include VAT access across 27 countries, low 10% corporate tax (versus 20-30% elsewhere), and seamless Schengen travel via D visa paths. In 2026, Bulgaria’s digital registry speeds everything online.
EOOD vs. Other Structures
EOOD wins for simplicity and cost—ideal if you’re non-EU.
Step-by-Step EOOD Registration (Remote for Non-EU)
Step 1: Choose and Reserve Name (1 Day)
Pick 2-3 unique names ending in “EOOD” (e.g., “GlobalTech EOOD”). Check free via portal.registryagency.bg. Costs: Free online. Approval instant if available.
Step 2: Secure Registered Address (~€50-150/month)
Need Bulgarian proof: rent virtual office, lease, or landlord consent. Non-EU? Use service providers—no personal visit. Annual fee: €200-500 prepaid.
Step 3: Draft Documents
Prepare:
- Founding Act (Articles): Specifies capital, activities (NACE codes), management.
- Director appointment (you or proxy).
- Specimen signature (notarized).
All bilingual Bulgarian/English. Non-EU: Notarize abroad + apostille (Hague Convention).
Step 4: Deposit Capital (€1+, 1 Day)
Open temporary “capital account” at Bulgarian bank (e.g., UniCredit, DSK). Deposit 2 BGN min (~€1). Get certificate. Remote via PoA. Bank fee: €10-20.
Step 5: File with Commercial Register (1-3 Days)
Submit online via registryagency.bg with e-signature (€60-120 for 2 years) or PoA. Fee: 110 BGN (~€55). Includes NRA tax auto-registration. Get UIC number instantly post-approval.
Step 6: Activate Bank and Go Live
Convert capital to operating IBAN. Order seal (€40-60). VAT optional (if turnover >50k BGN). Total time: 3-7 days remote.
Full remote PoA lets agents handle banking/filing—courier originals.
Costs Breakdown (2026 Estimates)
| Item | Cost (EUR) | Notes |
|---|---|---|
| Name Check | 0 | Online free |
| Registered Address (Annual) | 200-500 | Virtual office |
| Capital Deposit | 1+ | Refundable to ops |
| Notary/Apostille (Non-EU) | 50-200 | Per doc set |
| Bank Fees | 10-30 | Capital account |
| Registry Fee | 55 | 110 BGN |
| E-Signature | 30-60 | 2-year |
| Lawyer/Agent (Optional) | 300-800 | Full remote service |
| Company Seal | 20-30 | Optional |
| Total Startup | 600-1,500 | Excl. address |
Ongoing: 10% corp tax, ~€500/year accounting.
D Visa and Residency for Non-EU Founders
Post-registration, apply for Type D visa (6 months, renewable). Requirements: Company docs, business plan, €500/month proof. Leads to PR after 1-5 years. 80% approval for active firms. No investment minimum beyond EOOD setup.
Tax Perks and Compliance
- Flat 10% corporate tax on profits.
- No dividend tax if reinvested.
- EU VAT: Register for intra-community trade.
File annual reports; fines rare if compliant. Use NRA portal for e-filing.
Common Pitfalls for Non-EU Founders
- Sequence error: Deposit capital pre-filing.
- Apostille missing on PoA.
- Wrong NACE codes—limits activities.
Pro tip: Hire local agent for €500 to avoid delays.
Benefits Beyond Setup
Access EU tenders, bank in EUR, hire remotely. Scale to OOD later. Non-EU founders report 50% cost savings vs. Estonia/Latvia.
Ready to launch? Contact Bulgarian company formation experts for PoA setup. Your EOOD awaits—100% yours, zero residency hassle.
