Skip to content
My accountGet my price

Bulgaria company help: answers by topic

10 answers for owners and founders of a Bulgaria company, from ordering to banking, annual compliance and what happens after incorporation. General information, not legal or tax advice: your specialist confirms how it applies to you.

Start in BulgariaBulgaria company formation

Getting started

Can I reserve a Bulgarian company name while documents are notarised abroad?

Yes. A name reserved with the Registry Agency on form D1 is held for 6 months, and only you can register a company under it in that time. The reservation can be renewed for another 6 months and does not oblige you to register. It is a sensible step when notarising and apostilling signatures abroad takes a few weeks.

Source: Choice and reservation of company name, Ministry of Economy, Investments and Industry, Republic of Bulgaria (accessed Sep 2026)

Pricing & payment

Which Bulgarian costs come on top of the year-2 renewal?

Mainly accounting: monthly bookkeeping, the annual corporate tax return, publication of the annual financial statements and, if registered, monthly VAT returns. Payroll adds cost once you hire staff. The renewal a fixed quote covers our annual services, and we quote the accounting once we know your volumes.

Accounting services

Banking

What does a Bulgarian bank ask when opening the capital account?

Passport and proof of address for the manager and owners, the founding documents, a short business description and evidence of where the capital comes from. Some banks ask the manager to attend in person. The account holds the share capital until the company is registered, then becomes its operating account.

Business account support

Will banks outside Bulgaria ask more questions about my company?

Some will. The FATF currently lists Bulgaria among jurisdictions under increased monitoring, and certain banks and payment institutions respond with enhanced due diligence on Bulgarian companies. Expect to show source of funds, contracts and invoices in more detail. We tell you which providers apply this before you choose.

Regulatory informationSource: Jurisdictions under increased monitoring, Financial Action Task Force (FATF) (accessed Sep 2026)

Compliance

When must a Bulgarian company publish its annual financial statements?

By 30 September of the following year, in the Commercial Register. A company that had no activity files a declaration of inactivity instead, due by 30 June the next year, for its first period without activity. Missing the deadline exposes the manager and the company to fines (confirm the current amounts with your specialist).

Accounting servicesSource: Preparation of annual financial statements and management reports, Ministry of Economy, Investments and Industry, Republic of Bulgaria (accessed Sep 2026)

What happens if my Bulgarian company should have registered for VAT but did not?

The National Revenue Agency registers it compulsorily, charges VAT retroactively on all taxable supplies from the date the obligation arose and imposes a financial penalty. Watch turnover monthly once you trade in Bulgaria. We alert you when you approach the threshold (confirm the current euro threshold with your specialist).

Source: Registration of the company under the VAT Act, Ministry of Economy, Investments and Industry, Republic of Bulgaria (accessed Sep 2026)

After incorporation

How do I change the manager of a Bulgarian EOOD?

The owner records the decision in writing, and the incoming manager gives a notarised consent together with a sample of their signature. The change is then filed with the Commercial Register. Signatures made abroad are notarised and apostilled there, as at formation, and we prepare and file the documents for you.

Corporate changes

How long does it take to liquidate a Bulgarian company?

At least six months. The liquidator invites creditors in writing and through the Commercial Register, and the company cannot be deleted before that six-month claims period ends. In the meantime the liquidator sells assets, pays creditors and distributes what is left to the owners.

Company closureSource: Liquidation, Point of Single Contact, Republic of Bulgaria (accessed Sep 2026)

Can’t find it? Ask a Bulgaria specialist, reply within 1 business day.

Your privacy choices

We use strictly necessary cookies to run this site and your checkout. With your permission, we also use analytics cookies to measure visits, and marketing cookies and campaign tags (UTM, ad click IDs) to see which adverts bring visitors. Change your mind anytime via “Cookie settings” in the footer. Cookie policy · Privacy notice