All case studies

Professional servicesLondon, UKJanuary – February 2024

Post-Brexit, a London consultant rebuilt EU client access with a Bulgarian EOOD in 5 days.

Solo strategy consultant, £180k/year, lost three EU framework contracts because procurement required an in-EU invoicing entity.

5 business days
Setup time
£142,000
EU revenue, year 1
2 of 3 lost
Contracts recovered

The challenge

Her London Ltd was technically able to invoice EU clients, but a Dutch government client and two German enterprises had procurement rules that required an EU-based supplier with an EU VAT number. She was watching contracts go to slower, less qualified competitors. She didn't want to relocate personally — just needed a clean EU entity.

What we did

  • Single-shareholder EOOD registered via embassy-apostilled PoA
  • Bulgarian VAT and VIES registration prioritised — done before the company was 2 weeks old
  • Wise Business multi-currency account for GBP/EUR/USD invoicing
  • Simple dual-entity structure: UK Ltd kept for UK clients, BG EOOD for EU contracts
  • Quarterly cross-border reconciliation built into the bookkeeping

The outcome

  • Won back two of the three lost EU contracts within the first quarter
  • EU revenue grew from £0 to £142k in the first 12 months under the new entity
  • 10% Bulgarian corporate tax on EU-sourced profit vs 25% UK corporation tax
  • Total setup cost amortised in the first month of EU billing
"I'd spent six months trying to talk procurement into a workaround. They wouldn't budge. The Bulgarian entity solved it in five days."
Independent consultant — registered Q1 2024

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