Bulgaria Single Person Private Limited Liability Company (EOOD)

Bulgaria Single Person Private Limited Liability Company (EOOD)

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.