Single Person Private Limited Company (a limited liability company)  – “OOD” – it is a commercial company with share capital owned by its single member. Liabilities are limited to the capital of the company.

Key Features of Bulgaria Single Person Private Limited Liability Company (EOOD)

Bulgaria Public Limited Liability Company

Corporate Details

General

  • Type of Entity

Single Person Private Limited Liability Company

  • Registered Office in Bulgaria

Yes

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Minimum paid up

1

Directors

  • Minimum number

1

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members                                                                                       

  • Minimum number

1

  • Publicly accessible records

No

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

Tax treatment

Corporate tax is 10%

Duration to set up the Company

One Month.  

Advantages of Bulgaria Single Person Private Limited Liability Company (EOOD)

  • A Bulgarian Limited Liability company can be incorporated within two weeks, with a minimum of one shareholder and one director ,who may be foreigners residing outside the country.
  • Registering a Business in Bulgaria enables a client to Legally minimize tax because;
  • Bulgaria tax rate is flat 10% on Global Profits, The second Lowest in European Union.
  • Additional Government Incentives for Investment projects.

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.