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Country guide · 2026

How to open a Bulgarian company from Denmark 🇩🇰

Denmark's 22% corporate rate is only half the story: dividends are taxed at 27% up to the threshold and 42% above it, so a Danish owner-manager can lose well over half of distributed profit.

Danish rate
22% corporate tax plus 27% to 42% on dividends
Bulgaria
10% corporate, 5% dividends
Setup
Remote, 3-7 business days

Why Danish founders move to a Bulgarian EOOD

  • Roughly 14.5% total on distributed profit against more than 50% in Denmark
  • No DKK 40,000 ApS capital requirement
  • Registration in days with English documentation
  • Capped social contributions instead of Danish labour-market levies

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

Denmark applies full tax liability on residence and can tax you on foreign company income where management is Danish. Skat is thorough about substance.

Exit tax and leaving Denmark

Danish exit taxation on shares applies at emigration with deferral possible inside the EU, subject to reporting each year. Do not miss the annual statement or the deferral lapses.

Banking and payments

Danish clients pay a BG IBAN under SEPA in EUR; an EMI covers DKK receipts.

VAT on sales into Denmark

Danish B2B is reverse-charged; consumer sales run through OSS at 25%.

Mistakes Danish founders make

  • Losing the exit-tax deferral by skipping annual reporting
  • Keeping a Danish home available, which sustains full tax liability
  • Assuming Bulgarian dividends are tax-free while Danish resident

Questions Danish founders ask

How much can a Danish founder actually save?

On €150,000 of distributed profit the gap between Danish and Bulgarian treatment typically exceeds €50,000 a year, before compliance savings.

Is Bulgaria on any Danish blacklist?

No. Bulgaria is a full EU member state with a double tax treaty in force with Denmark.

Full Bulgaria vs Denmark tax tableRun your numbers in the tax calculatorFormation pricing

Start your Bulgarian company from Denmark

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

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