With the company package, you'll get your own company registered. Compared to the other plans, this requires quite some effort and often is a pain with the banks during the incorporation process. But then, after a couple of weeks, you've all the independence and flexibility of a company - plus all the responsibility of a company owner.

In our view this is worth all the effort or even necessary in a couple of scenarios:

  • Only with your own company you can limit your liability. If your business comes with risk, you should secure your personal assets from the grasp of others by creating a business entity of its own, a LLC.
  • Also, only with your own company you can employee people. If that's necessary for your business, you need an EOOD.
  • We also recommend opting for the Company plan if you're working with sub-contractors. One reason is the risk of them suing you if they think you did not fulfill your contractual duties. A second reason is that your costs might easily increase beyond 25% of your revenue with sub-contractors involved. Only with your own company would you be able to use them in full to reduce your taxable income.
  • Finally an inventory or a larger amount of other assets, e.g. intellectual property, requires the Company plan. co/company would not want you to entrust it with keeping all the capital your business is accumulating. You want to keep full control of that.

Usually an EOOD is set up by solopreneurs with long term residency in Bulgaria. But in principle you could also incorporate a company as a non-EU citizen without Bulgarian long term residency. If that would really benefit your bottom line, though, we'd need to find out in a careful analysis or your situation.

How it works

You'll be the sole shareholder and director of your own limited liability company, called an EOOD in Bulgaria. As the director you're also employed by your company.

Your EOOD is paying company taxes (10%), you as its employee are paying income tax (10%) plus social security contributions. Usually only a minimum salary is put in your director contract with your company to keep the monthly mandatory payments low. But you can add to that a bonus at any time if you want to get a higher payout from your revenue.

Alternatively you can pull money out of your EOOD via dividend payments (in the next year). This poses some flexibility in when to incurr taxes and how much social security you pay.




125 € /month

The fee covers the monthly accounting service and all other co/company benefits.

Get in touch

Year end fee: 250€

At the end of the year an annual tax declaration has to be submitted. The co/company experts will do that for your.

Setup fee: 350€

Unfortunately for getting your company up and running in Bulgaria some interaction with authorities and banks is required. co/company is happy to provide that service for you as far as possible; some personal appearances by you will be necessary in addition, though.

Dues Calculator

With a company you have to pay yourself a salary and therefore have to pay taxes and social security contributions every month. To help you calculate what that means in terms of "money in your pocket", you can run your numbers through the calculator here. Enter the monthly gross payout you expect and we'll tell you what net salary/payout you can expect from that.

Gross Payout
Social Security
Net Payout
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.



Business Coach and Trainer

Back in Germany I was doing my business as a freelancer. A company would have been too much hassle and too expensive for my purposes. But when I moved to Bulgaria I opted for my own EOOD for several reasons.

For one it seemed to look more official/professional to my German clients when billing them from Bulgaria.

Secondly, only as an employee of my own company I was able to fully deduct my travel expenses and benefit from the daily allowance tax exemption.

Most importantly, though, as it turned out, when I started working with sub-contractors my monthly costs increased beyond the 25% automatic deduction. With my own EOOD I'm able to make every expense count towards reducing the taxable income of my business.

After initial uncertainty if an EOOD or self-employment was the best option I'm now very happy with the EOOD despite the higher effort and costs.