Starting a business in Bulgaria can be a relatively straightforward process. The country offers a business-friendly environment, allows foreign individuals and companies to own 100% of a Bulgarian company, and requires only a low minimum capital for limited liability companies.
However, incorporating a company is only the beginning. Once registered, businesses become responsible for meeting a range of ongoing accounting, tax and administrative obligations that are essential for remaining compliant with Bulgarian legislation.
Choosing the right company structure
One of the first decisions when establishing a business is selecting the appropriate legal structure.
An EOOD is a limited liability company with a single shareholder, while an OOD is designed for companies with two or more shareholders. Both are widely used by local entrepreneurs and international investors, with the choice depending primarily on the ownership structure of the business.
Compliance continues after incorporation
While company registration can often be completed within a few business days once all required documents are prepared, operating a business requires continuous attention to compliance.
Companies are generally required to maintain proper accounting records, submit tax and VAT declarations where applicable, prepare annual financial statements and fulfil statutory reporting obligations. Depending on the nature of the business, additional employer, payroll and regulatory requirements may also apply.
For many foreign investors, understanding these ongoing obligations can be more challenging than the incorporation process itself, making reliable local support an important part of successful business operations.
Supporting businesses beyond incorporation
At FCHAIN Bulgaria, we support international companies throughout the entire lifecycle of their business operations. In addition to company incorporation, our services include accounting, payroll, HR administration, tax compliance and ongoing corporate support.
Company registration is only the first step in building a compliant business in Bulgaria. With the right local expertise, businesses can focus on growth while remaining confident that their operational and regulatory obligations are being managed effectively.
