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Country guide · 2026

How to open a Bulgarian company from Australia 🇦🇺

Australia's 30% company tax is among the highest in the developed world, and Australian founders serving European clients also pay a timezone and FX penalty on every invoice. A Bulgarian EOOD gives an EU base at 10%, with euro banking and a VAT number that European buyers recognise.

Reviewed 9 August 2026Checked against 2026 Bulgarian rates8 min read
Australian rate
30% company tax (25% for base rate entities)
Bulgaria
10% corporate, 5% dividends
Setup
Remote, 3-7 business days

Why Australian founders move to a Bulgarian EOOD

  • 10% corporate tax against 30%, or 25% if you qualify as a base rate entity
  • 5% dividend withholding on distributions from Bulgaria
  • EU VAT registration and SEPA euro collections for European clients
  • Remote setup with about €1 of share capital, versus the cost of an EU branch or subsidiary elsewhere

The remote registration process, step by step

  1. 1

    Reserve the company name

    We check availability in the Bulgarian Commercial Register and reserve your EOOD or OOD name. Takes a few hours; the reservation holds for six months.

  2. 2

    Sign the incorporation pack

    Articles of association, founder declarations and specimen signature. You sign in front of a notary or a Bulgarian consulate near you, or you give us a power of attorney and sign once.

  3. 3

    Open the capital accumulation account

    The statutory minimum share capital is BGN 2 (about €1). The bank issues a deposit certificate the register requires.

  4. 4

    File with the Commercial Register

    Electronic filing at the Registry Agency. Standard processing is 2 to 4 business days, and you receive an EIK (company number) on approval.

  5. 5

    Register for tax and, if needed, VAT

    The EIK doubles as your tax number. VAT registration is mandatory above the BGN 166,000 turnover threshold and voluntary below it; intra-EU sellers usually register voluntarily on day one.

  6. 6

    Open the operating bank account

    A Bulgarian business account for local payments, plus an EMI such as Wise or Revolut Business for multi-currency invoicing. Most non-resident directors need one video call.

  7. 7

    Appoint an accountant and start filing

    Monthly VAT returns, payroll if you hire, and an annual corporate return filed by 30 June. The 10% flat corporate tax applies from your first invoice.

Tax residency

Australia taxes residents on worldwide income and applies central management and control tests to company residency. The controlled foreign company rules can attribute the Bulgarian company's income to Australian shareholders before distribution.

Exit tax and leaving Australia

Ceasing Australian tax residency triggers CGT event I1 on most assets, with an option to defer. Shares in a foreign company are caught, so sequencing matters.

Banking and payments

Australian directors usually verify by video call. Wise or Revolut Business handles AUD and EUR alongside the Bulgarian account used for local tax and social payments.

VAT on sales into Australia

Bulgarian VAT covers EU B2B reverse charge and OSS for EU consumers. Australian GST continues to apply to anything still supplied domestically.

Mistakes Australian founders make

  • Assuming the CFC rules do not apply because the profits stay in the company
  • Running board decisions from Sydney while claiming Bulgarian management
  • Not modelling CGT event I1 before a move

Questions Australian founders ask

Can an Australian own a Bulgarian EOOD?

Yes, with no nationality restriction and 100% ownership. Incorporation is handled remotely under a power of attorney.

Does this help with European clients specifically?

That is usually the main gain. An EU company with a VAT number removes procurement objections, simplifies invoicing, and lets you bill in euros without cross-border payment friction.

All jurisdiction tax comparisonsRun your numbers in the tax calculatorFormation pricing

Start your Bulgarian company from Australia

We handle the register filing, bank introduction, VAT and accounting in English. 750+ EU founders incorporated, fully remote.

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