Choosing between Romania and Bulgaria might seem easy, but the details are crucial. This guide compares both as EU company formation options for entrepreneurs. We focus on clarity, speed, and predictable costs. If you’re considering a Romania Bulgaria Formation route, we’ll guide you before legal and accounting expenses.
Both countries joined the EU in 2007 and are neighbours in Eastern Europe. This is why they often appear in low-cost company formation searches. But, their tax rates differ. Romania’s corporate tax is 16% (since 2005), while Bulgaria’s is 10% flat (since 2007). This tax gap is key for your long-term plans.
It’s also vital to consider incentives. Romania’s micro-enterprise regime was attractive, but it’s heavily restricted since 2023–2024. A fair comparison should look beyond tax rates. It should also consider eligibility, risk, and compliance.
We’ll discuss real-life factors that influence your choice. These include corporate and dividend tax, VAT, cash-flow, payroll, and social security. We’ll also examine entity types, formation steps, costs, banking, and residency. If you seek support from Start Company Formations UK, this guide is your starting point.
Quick snapshot: Romania vs Bulgaria for low-cost company formation in Eastern Europe
Our Romania Bulgaria Formation snapshot looks at key factors for a practical EU base. These include cost, tax, banking, and compliance. Both countries are in the EU single market, with rules similar to those in the UK.
Many teams choose Eastern Europe for company formation. They can trade across the EU, hire locally, and invoice in EUR. This makes both destinations popular for years.
Why founders compare Romania and Bulgaria as EU bases since 2007
Founders have compared Romania and Bulgaria since 2007. They look at clear corporate forms and established registries. Predictability is key, helping with forecasts and pricing for sales.
Bulgaria is known for its tax stability. The 10% corporate tax rate has stayed the same since 2007. There’s also a 10% flat personal income tax, 5% dividend tax, and 20% VAT.
What changed recently in Romania’s tax landscape
Romania’s tax changes in 2023 and 2024 have made the micro-enterprise path stricter. There are more rule updates, focusing on substance and payroll planning.
These changes also affect pricing and cash flow. VAT will rise to 21% from 19% in August 2025. Dividend tax will increase to 16% from 1 January 2026.
Who this comparison suits in the UK market
This is for UK entrepreneurs considering an EU base. It’s for those wanting EU market access without high costs. It suits service businesses like consulting, IT, and e-commerce.
UK owners expanding into Europe need an EU-registered entity for contracts and procurement.
Teams billing in EUR/GBP consider currency exposure, bank onboarding, and compliance workload.
Founders value easier travel and operational flexibility while keeping costs low.
Corporate tax comparison: Bulgaria 10% vs Romania 16%
When UK founders look for an EU base, they often start with the corporate tax rate. We compare what gets taxed, when, and how it affects daily planning. This is where Romania Bulgaria Formation tax decisions get real.
Bulgaria’s 10% flat corporate income tax since 2007
Bulgaria has a 10% corporate income tax since 2007. It’s a flat rate, meaning the same tax rate applies to all profits. This makes budgeting easier for teams with steady profits.
It also helps with budgeting when you plan to reinvest, hire, or save cash. You track your profit, apply the flat rate, and then decide how to use the money left over.
Romania’s 16% standard corporate tax since 2005
Romania’s 16% corporate tax has been the standard since 2005. It’s the rate for companies not in special regimes. For many, it’s the rate used in financial models and board papers.
Romania also has additional taxes for certain companies, like a minimum turnover tax for big companies. This can affect businesses that grow, join groups, or have thin margins.
Why “turnover tax” and “profit tax” create different outcomes
The main planning issue is the difference between profit tax and turnover tax. Profit tax is based on what’s left after costs, so it changes with expenses. Turnover tax is on revenue, even with high costs or tight payment cycles.
Here, misunderstandings often start. Romania’s lower rates in the past were due to a micro-enterprise turnover tax, not a lower profit tax. After 2023–2024, it’s harder to rely on that, so modelling Romania’s 16% corporate tax is key.
High margin services might find turnover taxes light, until rules change.
Low margin trading might see turnover taxes hit sooner, as revenue is taxed before costs.
Plans to reinvest or pay dividends can change the real impact in any Romania Bulgaria Formation tax review.
Dividend tax and combined effective rates for owner-managed companies
For UK founders, the big question is how much they can take home after tax. We look at dividends, not just the corporate rate. The combined tax rate is important for real money.
Bulgaria dividend tax at 5% and the ~15% combined headline
In Bulgaria, the tax is straightforward. The corporate rate is 10%, and the dividend tax is 5%. This makes the total tax around 15% on profits given out.
Romania dividend tax rising to 16% from 1 January 2026 (Law No. 141/2025)
Romania’s tax on dividends changes in 2026. The tax will be 16% on dividends from 1 January 2026, thanks to Law 141/2025. This affects UK shareholders, even if the business stays the same.
Illustration: EUR 100 profit → net dividends in each country
We can show how EUR 100 profit is taxed differently in each country. This highlights the impact of combined taxes on dividends.
Bulgaria: EUR 100 profit → EUR 10 corporate tax → EUR 90 available → Bulgaria dividend tax 5% = EUR 5 → EUR 85 net dividends (about 15% total).
Romania: EUR 100 profit → EUR 16 corporate tax → EUR 84 available → Romania dividend tax 16% 2026 = EUR 13.44 → EUR 70.56 net dividends (about 29.4% total).
The difference adds up over time. So, tax decisions for owner-managed companies start with dividend calculations. Then, they consider payroll, reinvestment, and international rules.
Romania’s micro-enterprise regime: what still applies after 2023–2024 restrictions
For many UK founders, Romania’s micro-enterprise rules seem simple at first. But the details are crucial now more than ever. We examine the practical tests behind the headline rates. A plan that looks good on paper can fail at registration or during a tax inspection.
Turnover tax rates of 1% with employees and 3% without
The main attraction is the 1% and 3% structure based on turnover, not profit. The 1% rate applies if you have at least one employee. The 3% rate is for businesses without employees.
This difference affects staffing, payroll, and daily compliance. We help founders understand the cash-flow impact for a full year.
Reduced eligibility and the EUR 500,000 revenue cap
Eligibility rules got stricter in 2023–2024. It’s no longer a given that a small company qualifies. The EUR 500,000 cap is a key threshold. It can hit sooner than expected if you invoice in bursts or have high-volume contracts.
We look at how revenue is measured and related activities. We also consider what happens if the cap is exceeded mid-year.
Sectors often excluded or limited (consulting, management, parts of IT)
Service-led businesses need to be careful. Certain activities and codes are restricted. Consulting and management firms, and some IT services, often face restrictions.
We advise founders to align their work with the registered activity. This avoids surprises when invoicing starts and the accountant applies the rules.
Practical risk: relying on a regime that has been repeatedly reshaped
The main issue is stability. The micro-enterprise framework has changed several times. Further changes are possible as fiscal policy shifts.
If your plan relies on one specific outcome, even a small change can force a new tax model or pricing. Or you might need to change your hiring plan.
Confirm the activity scope before incorporation, for advisory and digital services.
Stress-test turnover against the Romania turnover tax EUR 500,000 cap, including seasonal spikes.
Document the position with a Romanian tax adviser before committing to a structure.
When founders compare paths, Romania Bulgaria Formation micro SRL planning works best as one option. This approach keeps decisions based on eligibility, real margins, and compliance.
VAT rates and indirect tax cash-flow impact
VAT might seem simple, but it’s a test of your working capital. It affects your pricing, when you invoice, and how quickly you get back VAT. Planning your VAT cash flow early can prevent funding gaps that slow you down.
Bulgaria’s standard VAT rate of 20%
In Bulgaria, the standard VAT rate is 20%. This rate influences your pricing and what you tell customers. It’s not just the rate, but when you charge VAT and when you can get it back.
In Bulgaria, you must register for VAT if your turnover is over BGN 100,000 in a year. EU VAT registration also comes into play for cross-border trade. You need to get your paperwork and VAT numbers in order from the start.
Romania’s VAT increase to 21% from August 2025 (raised from 19%)
In Romania, the VAT rate is going up to 21% in August 2025. This change affects how UK businesses price their goods for the Romanian market. You’ll need to update your contracts and quotes to show VAT-inclusive prices.
Timing is key when it comes to VAT. Knowing when to collect and pay VAT, and how refunds work, is crucial. That’s why VAT planning is part of your budgeting process, not an afterthought.
What VAT registration can mean for cross-border EU trading
Trading across the EU means more than just following rules. VAT registration impacts where VAT is due, what proof you need, and how quickly you can invoice. It’s about setting up your invoicing rules early and keeping accurate records.
Set invoice rules early: supply type, place of supply, and whether reverse charge applies.
Build a clean audit trail: transport evidence for goods and accurate customer VAT checks.
Map reclaim cycles: input VAT on setup costs, stock, and professional fees can strain cash if delayed.
In Romania Bulgaria Formation VAT planning, we treat VAT as a system. Designing it upfront lets you price with confidence, forecast payments, and keep cash flowing as you grow.
Social security and payroll costs for directors and employees
Payroll can quickly become complex, even for small businesses. In the UK, it’s important to compare take-home pay, deductible costs, and monthly budgets. This is where planning a director’s salary becomes crucial, as it affects different aspects of the business.
Bulgaria contributions split: employee ~13.78% and employer ~18.92–19.62%
In Bulgaria, the total cost for gross salary is about 32.4–33%. This is split between employee and employer. The employee pays around 13.78%, while the employer pays 18.92–19.62%. This split helps with budgeting when hiring staff.
When setting a director’s salary in Bulgaria, consider the payroll route. It provides clear proof of income but must align with dividend plans.
Bulgaria cap: maximum monthly insurance base of EUR 2,112 (post-euro adoption)
The insurance base cap in Bulgaria is EUR 2,112. Once monthly pay hits this, social charges don’t increase further. This makes budgeting easier for higher earners and influences director packages.
- Below the cap, costs rise with each salary increase.
- Near the cap, marginal increases have a different cost profile.
Romania employee-heavy model: 25% pension (CAS) + 10% health (CASS)
Romania focuses more on employee contributions. The typical start is 25% for pension and 10% for health. This pushes founders to calculate net pay first, then gross salary.
Romania also has caps for certain contributions, tied to the national minimum gross salary. This means the right salary level changes when crossing these thresholds, keeping salary planning in the numbers.
Romania employer contribution: ~2.25% work insurance
Romanian employers pay about 2.25% for work insurance on top of employee charges. When comparing Bulgaria and Romania, Romania looks lighter for employers. Bulgaria’s total burden is more evenly split.
For owner-managed firms, deciding between payroll and dividends is key. It affects compliance, cash flow, and hiring budgets in both countries.
Company types and minimum capital: EOOD vs SRL
Choosing the right legal structure affects how you own and manage your business. It also impacts adding partners later. For UK founders, the choice often comes down to control, risk, and ease of registration.
When comparing Romania Bulgaria Formation entity types, we look at the basics. These include a registered address, clear ownership records, and standard filing steps.
Bulgaria EOOD (single-member LLC) and OOD (multi-member) overview
Bulgaria EOOD OOD are common choices for international owners. EOOD is for one owner who wants control. OOD is for two or more owners, ideal for shared funding or future investment.
Both EOOD and OOD need similar basics like company statutes and a registered seat. Notarisation is often used for formal proof of signatures and approvals.
- EOOD: one owner, straightforward governance, clear profit distribution rules
- OOD: multiple owners, useful for joint ventures and planned share transfers
- Both: limited liability, registered address, and standard compliance filings
Romania SRL overview for foreign founders
Romania SRL is popular among foreign founders. It’s well-accepted by banks and authorities. It’s good for solo owners or those with multiple shareholders who want clear voting rights.
The SRL formation process involves document checks and registry submission. A foreign director is usually okay, as long as the paperwork is right and the compliance file is complete.
Minimum share capital: Bulgaria ~EUR 1 vs Romania RON 200 (~EUR 40)
Startups often have tight budgets, so the minimum share capital is crucial. Bulgaria’s EUR 1 is seen as a low barrier to entry. It’s great for testing markets or launching lean services.
In Romania, the RON 200 (about EUR 40) minimum is still modest. When comparing Romania Bulgaria Formation entity types, we consider capital alongside shareholder structure and admin steps. We also think about how easily the business can grow later.
Registration timeline and core incorporation steps
For UK founders, speed often depends on how ready the documents are. In most cases, registering a company in Bulgaria takes 3–5 days. This is true when all translations, signatures, and banking are in place. The same approach helps keep the timeline tight in Romania, avoiding delays from small admin tasks.
In Bulgaria, we make sure you know the steps to register your company clearly. Here’s what you need to do:
- Choose and check the company name with the Commercial Register.
- Prepare the Articles of Association, with notarisation where required.
- Open a capital bank account and deposit the minimum share capital.
- File the incorporation pack with the Commercial Register, online or via a legal proxy.
- Apply for a VAT number where the activity calls for it, including EU cross-border trading.
- Register for social security and payroll within seven days of hiring staff.
Romania also has a similar process, with SRL registration taking 3–5 days for simple cases. You’ll need notarised documents, registration with the commercial registry, and a tax ID. This process works best when we prepare everything early and check the bank accounts at the same time.
Formation costs and ongoing accounting fees
Costs might seem simple, but they can change based on how quickly you need things and how organised your documents are. When we plan your Romania Bulgaria Formation budget, we look at the costs founders should expect. We also consider the extra things that might pop up later.
Typical registration cost with legal help
For UK founders, setting up a company in Bulgaria can cost between EUR 500 and 1,000. This includes legal work and filing. In Romania, setting up an SRL can cost between EUR 400 and 800 if everything is straightforward.
Costs can vary based on how many documents you need, the structure of your company, and if you need help with bank accounts. In Bulgaria, costs can go up to €800–€1,500 if you need more help, like preparing documents and dealing with extra formalities.
Accounting costs
Bookkeeping costs are easier to guess than setup costs. They depend on how many transactions you have and if you need to deal with VAT. Monthly accounting fees in Bulgaria and Romania usually range from EUR 100 to 200.
If you need to handle payroll, VAT, or send invoices across borders, costs can go up. We also recommend setting aside money for annual filings and any changes you might need to make during the year.
Budgeting for translations, notarisation, and compliance support
Things that often surprise people are the costs for translations and notarisation. These include certified translations, notary fees, and legalisation for certain documents.
Certified translations for corporate documents, registers, and declarations
Notary fees for signatures, shareholder resolutions, and powers of attorney
Compliance support for VAT, payroll setup, and periodic statutory filings
We try to make the process smooth by planning for these costs early. This way, your budget for setting up in Romania and Bulgaria stays realistic from the start. It also helps you compare costs between Bulgaria and Romania more easily.
Banking for foreign founders: onboarding difficulty and practical workarounds
For UK founders, the real challenge begins after they start their business. They need a working account for invoices, payroll, and VAT. We plan for bank onboarding early, as timelines can change with compliance checks and branch availability.
Bulgaria: historically stricter KYC; improving after euro adoption in 2026
Applying for a business bank account in Bulgaria can be tough. Foreigners face deeper questions about their funds and clients. This strict KYC means more documents and follow-up, with less room for vague answers.
Despite this, UniCredit Bulbank DSK Bank can still be a good choice. Since the euro change in January 2026, onboarding has become more structured. Now, there are clearer checklists and fewer surprises.
Romania: often considered easier with banks used to foreign clients
Starting a business in Romania is often easier, thanks to banks familiar with foreign clients. Banks like Banca Transilvania ING Romania are used to cross-border ownership. Yet, they still do standard compliance checks.
Even in Romania, delays can occur. This might happen if your turnover projections don’t match the sector, or if showing the ownership chain is hard. A clear, simple business profile can help speed things up.
In-person requirements and documentation expectations in both countries
In both countries, you’ll need to verify your identity in person. We recommend planning a short trip for this. You’ll need to provide company extracts, shareholder IDs, proof of address, and details about your trading activities.
Prepare a tight file: contracts or draft agreements, invoices, and a brief summary of your activities.
Keep ownership transparent: show the chain to the ultimate beneficial owner, with current documents.
Add a payments tool: a Wise Business account can help with multi-currency transactions, alongside your local bank.
Operational detail matters: Wise Business account features include a 4.3 Trustpilot score, no minimum balance, no monthly fees, and integrations with QuickBooks, Xero, and Sage.
Currency and euro adoption: accounting in EUR vs RON
For UK founders, choosing a currency is key for daily tasks. It impacts pricing, staff pay, VAT, and financial reports. It also determines how often we update exchange rates for invoices, bank feeds, and payroll.
Bulgaria adopted the Euro on 1 January 2026 (prices, salaries, tax filings, accounts)
With Bulgaria joining the Euro in 2026, most business tasks use EUR. Prices, salaries, tax, and accounts are now in euro. This makes dealing with euro-area clients or suppliers simpler.
This simplicity leads to:
Cleaner bookkeeping with fewer FX lines in the ledger
More stable margins when income and costs are both in EUR
Faster close at month end, with fewer rate checks
Romania continues to use RON, with euro adoption targeted for 2029 or later
Romania still uses the leu for most business needs. If we bill in EUR, we must plan for currency conversion and rounding. Romania’s euro adoption in 2029 is a goal, but we must plan for RON for now.
This is crucial when income and costs are in different currencies. Even small changes in exchange rates can affect our financial performance.
How currency conversion affects UK-based founders billing in EUR/GBP
UK businesses selling in EUR but paying in GBP face timing risks. The same issue occurs for Romanian entities invoicing in EUR but reporting in RON. These risks grow with long payment cycles or thin margins.
We should consider these points before deciding where to operate:
Sales currency: do customers accept EUR pricing without discounts?
Cost base: are suppliers, salaries, and VAT payments aligned to the same currency?
Reporting load: how many revaluations and reconciliations will the finance team handle each month?
Schengen access and UK travel considerations for founders
For UK teams working in Europe, travel costs can be as high as taxes. Many founders dream of an Eastern Europe Schengen base. This would let them quickly move between clients, suppliers, and meetings.
Both Romania and Bulgaria now offer easy travel. Their Schengen land borders mean you can travel like you’re in your own country. This is great when your plans change suddenly.
For UK founders, planning is key. Romania opened its Schengen borders in March 2024, then land borders in January 2025. Bulgaria did the same. This makes travel smoother for founders moving between EU markets.
Short-notice trips are easier to plan with a Schengen base. You face fewer border delays.
Managing teams across borders gets better. You can visit sites, do audits, and check suppliers in one trip.
Client work is more predictable. This is helpful when meetings are in different capitals.
In practice, the choice of base depends on your business model. Where you invoice, hire, and manage compliance matters. With travel freedom similar in both countries, a Schengen base in Eastern Europe is often chosen. It fits well with banking, taxes, and your travel schedule.
Cost of living comparison: Sofia vs Bucharest for owner-operators
When comparing Sofia and Bucharest, we look at what owner-operators pay each month. This includes housing, food, travel, and small extras. These figures help entrepreneurs plan their time in Eastern Europe without uncertainty.
Typical monthly budgets
A monthly budget in Sofia can range from EUR 1,200 to EUR 1,600. This covers rent, bills, transport, and daily expenses. In Romania, Bucharest’s range is EUR 1,300 to EUR 1,700 for a similar lifestyle.
The difference between the two cities is usually 5–10%. But this can change with the season, rent prices, and eating out habits. For founders, it’s wise to see these as planning ranges rather than strict limits.
Key line items to compare
- 1-bed apartment (city centre): ~EUR 500 in Sofia vs ~EUR 550 in Bucharest
- Meal at a mid-range restaurant: ~EUR 12 in Sofia vs ~EUR 14 in Bucharest
- Monthly transport pass: ~EUR 25 in Sofia vs ~EUR 20 in Bucharest
- Gym membership: ~EUR 25 in Sofia vs ~EUR 30 in Bucharest
- Groceries (monthly): ~EUR 200 in Sofia vs ~EUR 220 in Bucharest
These figures are most useful when matched to your work style. Do you need a city-centre address for meetings, or is a quieter area better? Do you use taxis, or will a pass cover most trips?
Secondary cities
If the capital prices are too high, secondary cities offer better value. In Bulgaria, Plovdiv and Varna have lower costs but still offer good services.
In Romania, Cluj-Napoca and Timişoara are great for entrepreneurs who want a strong local business scene. When planning, consider the city choice as part of your overall operating model. This includes compliance, banking, and how often you need to be in the capital for admin.
Residency pathways for EU and non-EU founders
Building a business in Eastern Europe can be as complex as tax or banking. We set clear expectations early. We also bring in UK-based business immigration advisers when the details are crucial or time is tight.
EU citizens
For EU citizens, registering in Bulgaria or Romania is usually easy but needs planning. In Bulgaria, you must register at the local Migration Office within three months. You’ll need proof of work, self-employment, or enough money.
In Romania, the process is similar at the local Immigration Office. You’ll need similar documents and checks. This is important if you’re setting up as a director and need a solid paper trail.
Non-EU
For non-EU founders, Bulgaria’s D-visa business route often starts with a long-stay visa. Then, you get a residence permit after entry. The order is key, as missing a document or deadline can delay the permit.
Bulgaria also has the Bulgaria Digital Nomad Visa December 2025 for remote workers with stable income. It’s one of several options, so choose the best one for your lifestyle and work.
Bulgaria’s Digital Nomad Visa
The Bulgaria Digital Nomad Visa December 2025 requires solid evidence. You might need contracts, bank statements, and proof of work for clients outside Bulgaria. This depends on your case and the file standards.
Here, UK-based business immigration advisers can help. They ensure your company structure and tax status match your visa application.
Romania business visa route
Romania doesn’t have a dedicated digital nomad visa. So, many founders choose the Romania business visa residence permit instead. This means aligning your company role, activity plan, and local address with the permit.
Preparing the same core evidence for both countries can help. This includes corporate documents, source of funds, and a clear explanation of your operations. It makes comparing Bulgaria’s D-visa business planning with Romania’s visa route easier.
Digital infrastructure and English proficiency for day-to-day operations
For UK-led teams, digital reliability is key for smooth operations. Romania’s fast broadband helps with payroll, filing, and supplier queries. In big cities, internet is fast and affordable for small businesses.
In Bulgaria, fibre internet is common in Sofia, Plovdiv, and Varna. This is great for remote teams, as it keeps operations stable during busy times. It’s all about uptime, not just speed.
Language is also important. English skills are strong among young teams and finance staff in Bulgaria. This makes client work efficient, even in Eastern Europe.
But, official processes are different. Even with good English skills, tax offices and registries use local languages. We ensure local support for deadlines and formal replies.
Keep key compliance terms translated and agreed in advance (tax, VAT, payroll, dividends).
Use bilingual templates for invoices, contracts, and onboarding checklists where needed.
Confirm who will speak to authorities, and how powers of attorney will be issued and stored.
Romania Bulgaria Formation: worked examples at EUR 60,000 and EUR 120,000 profit
When we create examples for UK founders, we make the maths clear and useful. We assume a small salary and the rest as dividends. This is for an owner-managed setup in Bulgaria and Romania.
These examples also show the tax layers clearly. This includes the difference in effective tax rates, 15% vs 29.4%, which is often a key point in early planning.
EUR 60,000 profit: Bulgaria net dividends ~EUR 51,300 vs Romania ~EUR 42,336
At EUR 60,000 profit, Bulgaria has a 10% corporate tax (EUR 6,000). This leaves EUR 54,000. Then, a 5% dividend tax (EUR 2,700) brings the net dividends to ~EUR 51,300.
In Romania, 16% corporate tax (EUR 9,600) leaves EUR 50,400. With Romania’s 16% dividend tax from 1 January 2026 (EUR 8,064), net dividends are ~EUR 42,336.
EUR 120,000 profit: Bulgaria net dividends ~EUR 102,600 vs Romania ~EUR 84,672
At EUR 120,000 profit, Bulgaria’s corporate tax is EUR 12,000, leaving EUR 108,000. A 5% dividend tax (EUR 5,400) makes net dividends ~EUR 102,600.
In Romania, 16% corporate tax (EUR 19,200) leaves EUR 100,800. A 16% dividend tax (EUR 16,128) results in ~EUR 84,672. This shows why Bulgaria and Romania can differ in dividend models.
What drives the difference: corporate tax and dividend tax compounding
The main reason is compounding. Bulgaria taxes profit at 10% and dividends at 5%. Romania taxes at 16% for both profit and dividends.
This difference is why the effective tax rate can be 15% vs 29.4% when profits are mainly distributed.
Planning note: salary levels, caps, and deductible expenses can change outcomes
Outcomes can change with salary, social contributions, and deductible costs. Bulgaria’s maximum monthly insurance base (EUR 2,112) affects modelling for higher pay.
Before choosing a structure, we test different scenarios. This ensures the examples reflect how the business will operate.
Get help from Start Company Formations (UK): setup, compliance, and next steps
Starting fresh in the EU can be straightforward with Start Company Formations. Our Romania Bulgaria Formation service makes the process smooth and stress-free. The main risks are not about tax rates but missed filings, weak records, or unclear roles.
We start by choosing the right entity for your business plan. Our UK company formation support includes setting up a Bulgaria EOOD SRL. This includes deciding between EOOD/OOD and SRL, and options for shareholding and directors. We handle the paperwork, from notarisation to tax identification, so you can focus on your business.
Then, we focus on keeping your business running smoothly. We set up compliance accounting, VAT, and payroll to avoid last-minute stress. We also help with banking, using a realistic approach to KYC, and discuss tools like Wise Business for managing multiple currencies. Our aim is to reduce payment blocks and improve audit trails.
If you need to travel or stay long-term, we work with business immigration advisers. We help with visas and residence permits. For regulated sectors, we assist with gaming licences and FX crypto licensing. For specific advice, UK clients can contact Start Company Formations on 0204 504 1544.
