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Country guide · 2026

How to open a Bulgarian company from Norway 🇳🇴

Norway combines 22% corporate tax with an effective 37.84% on dividends and a wealth tax that reaches the value of your company shares. For an owner-managed business the total burden on distributed profit passes 50%, which is why Norwegian founders have been among the most active relocators in Europe.

Norwegian rate
22% corporate tax plus 37.84% on dividends and wealth tax
Bulgaria
10% corporate, 5% dividends
Setup
Remote, 3-7 business days

Why Norwegian founders move to a Bulgarian EOOD

  • About 14.5% total on distributed profit against more than 50% in Norway
  • No wealth tax on the shares of your Bulgarian company
  • EU membership and an EU VAT number rather than EEA-with-customs status
  • About €1 of share capital instead of NOK 30,000 for an AS

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

Norway keeps taxing emigrants until strict conditions are met, and the rules are stricter for those who have been resident ten years or more. Skatteetaten also examines where a foreign company is really managed.

Exit tax and leaving Norway

Norway applies exit taxation on unrealised share gains at emigration, and recent reforms tightened the payment and deferral terms considerably. This is the single most important item to model before you move.

Banking and payments

Norway is in SEPA, so euro payments to a Bulgarian IBAN work normally; an EMI handles NOK receipts.

VAT on sales into Norway

Norway is outside EU VAT. Services to Norwegian businesses are generally outside the scope with the client accounting locally; goods require customs clearance.

Mistakes Norwegian founders make

  • Underestimating the tightened exit-tax payment rules after the recent reform
  • Assuming EEA membership is the same as EU membership for VAT and customs
  • Keeping a Norwegian home and family ties while claiming non-residence

Questions Norwegian founders ask

Does Bulgaria have wealth tax?

No. Bulgaria levies no wealth tax on company shares or on personal net assets, which is a large part of the appeal for Norwegian owners.

Can I move the company without moving myself?

Rarely with a clean result. Norwegian management and control, plus exit-tax exposure, mean the analysis has to cover you as well as the company.

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

Start your Bulgarian company from Norway

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

Book a free consultation Free setup checklist

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