Bulgarian EOOD Company.

 

Bulgarian Corporate Law allows foreign nationals to remotely register a company in Bulgaria by granting power of attorney to a Bulgarian Law firm. Our lawyers will assist you to remotely register your Bulgarian EOOD company starting from only 500 EUR. Using our company formation services, we do not charge maintenance or annual fees for the registered office address and scanned business mail service.

 

The EOOD is a company designation in which the shareholder’s liability to creditors is limited to the amount of capital deposited in the company. Liability does not extend to the individual shareholder’s assets. The Bulgarian EOOD company is preferred by persons who would like to start their business in Bulgaria or who would like to purchase a real estate property.

 

The Private limited EOOD company is strongly recommended to IT professionals who would like to benefits from the Bulgarian corporate tax rate of flat 10%. The EOOD is also suitable for registering a boat or registering a motor vehicle as a company asset. Protecting your assets you will also benefit from the low taxes on vehicles and boats in Bulgaria.

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Tax residence in Bulgaria

Have you considered becoming a tax resident in Bulgaria? Under the Bulgarian legislation you can claim Bulgarian tax residence if:

1. You reside in Bulgaria 183 days annually or 

2. You prove that the center of your vital interests is in Bulgaria. Under point 1, you will be considered a tax resident of Bulgaria only in the year when you have resided in the country for 183 days.

On the other hand, you are not required to satisfy the residence requirement if you justify that the center of your vital interests is in Bulgaria. To determine the center of vital interests, the tax office will consider the location of your employment/

self-employment, business, the country where you pay social contributions, residence permits, properties, family, and others.

 

Bulgarian residence and Bulgarian ID card for EU citizens. 

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