Can a foreigner own a Bulgarian EOOD?

Yes. Any natural person or legal entity, EU or non-EU, can be a sole shareholder of an EOOD. Non-EU founders may need a residence permit if they want to live in Bulgaria, but ownership itself does not require residency.

Do I need a Bulgarian address?

The EOOD must have a registered seat in Bulgaria. This can be a leased office, a virtual office, a notarised consent from a property owner, or even your own residential address. Many founders use a virtual office service (~30-100 BGN / 15-51 EUR per month).

How long does it take to get started invoicing?

After the Commercial Register entry (typically 3-7 business days), you receive your UIC immediately and can issue invoices the same day through Fakturka.bg. VAT registration, if needed, takes an additional ~14 days.

Do I need to physically travel to Bulgaria?

Not strictly. Documents can be signed at a Bulgarian embassy abroad or apostilled and translated. However, opening a bank account usually requires a personal visit because Bulgarian banks have strict KYC processes for non-residents.

What if I want to add a co-founder later?

Easy — file a transfer of part of the shares. The entity then converts from EOOD to OOD (multi-member) and the Commercial Register is updated. State fee: ~50 BGN (25.57 EUR) plus notary.

How much does ongoing accounting cost for a small EOOD?

Expect 80-300 BGN (41-153 EUR) per month for an external accountant handling all monthly filings, depending on transaction volume. Bookkeeping software like Fakturka.bg can cut this by 30-50% by automating data entry.

How to Set Up an EOOD (Bulgarian LLC) in 2026 — Step-by-Step

Step-by-step guide to registering an EOOD in Bulgaria 2026: costs, timeline, share capital, post-registration duties. By Fakturka.bg.