This guide is a procedural tutorial: it walks through, step by step, the administrative steps and the documents to provide to form an EOOD (single-member Bulgarian limited company) remotely.
On the supporting-documents side, you have little to prepare (ID, proof of address, name and business object, notarised power of attorney); everything else in the Bulgarian deeds is produced for you.
The procedure then follows 7 steps: scoping, notarised power of attorney, capital deposit into an escrow account, registration at the Commercial Register (EIK), obtaining the FID and the QES key, VAT registration with the NRA, then the opening of your bank accounts.
On timing: once all notarised documents are received, registration at the register takes at most 5 business days; the full process lasts about 20 days, because it depends on your pace (signing at the notary, posting the originals). All from €890 excl. VAT with the Eurotrade pack, and no travel to Bulgaria. Here is the detail, step by step and document by document.
This guide is the step-by-step "how to". It focuses on two things, and two only: the sequence of administrative steps and the supporting documents to gather in order to register an EOOD remotely.
For the big picture — why Bulgaria, taxation, costs, jurisdiction comparison, overall strategy — refer to our pillar guide forming a Bulgarian company remotely. Here, we stay on the procedure: the concrete actions, in order, and the documents required at each milestone.
A point of method nonetheless: the procedure is not just about getting a number at the register. The file produced for you contains more than 20 bilingual documents in Bulgarian/English — more than 30 for multi-shareholder companies — including the articles of association, the stamped registration certificate and its sworn translation, the 8 notarised powers of attorney, the FID and the QES key.
All are prepared by our legal team admitted to the Plovdiv Bar so that the company is, from day one, genuinely manageable remotely: receiving OTP / 2FA codes, applying for bank accounts, electronic signature, KYC. The detail of each document and each step follows below.
The EOOD/OOD is the classic form — but it requires depositing the capital through a Bulgarian bank before registration (the receipt handed to the Commercial Register must be in Bulgarian), so a Bulgarian account or a trip on site. To set up 100% remotely, with no capital deposit or upstream bank step, the DPK/EDPK is often simpler — see Bulgarian company with no capital deposit.
Which documents to provide to form the company? (supporting documents)
Before launching the procedure, gather a deliberately light file. Forming an EOOD remotely requires only a few documents on the entrepreneur's side — it is Fenchell that produces all the Bulgarian deeds (articles of association, manager's declarations, Register forms). Here is what you need to provide:
Proof of identity
A copy of a valid passport or ID card.
Proof of address
A recent document (bill, statement) evidencing your address.
Name & business object
The desired name and a business object (the company's activity).
Power of attorney & signature
The notarised power of attorney and the specimen signature of the manager, signed then apostilled (step 2).
If you are still hesitating over which legal form to choose, first read our comparison EOOD vs OOD vs DPK: the EOOD is the classic form for a single shareholder, the OOD for several. For a 100% remote formation, with no capital deposit or prior bank account, the DPK/EDPK is often the simplest choice — see EOOD, OOD or DPK. The rest of the journey described below, however, remains identical.
1. Scoping the company
It all starts with a scoping call. There we set the structuring parameters: form (EOOD for a single shareholder), company name (checked as available at the Commercial Register), business object, registered address and identity of the manager.
This is also the moment to define your real objectives — Amazon selling, freelancing, SaaS, trading — in order to calibrate VAT and bookkeeping. To understand how this structure specifically serves online businesses, see a Bulgarian company for the online entrepreneur.
2. Notarised power of attorney
Since you do not travel, you sign a notarised power of attorney appointing a local agent to carry out the formalities on your behalf. Generally, the notary receives in parallel a specimen signature (manager's declaration signed in a precise format), a separate document required by the Commercial Register.
These deeds are signed before a notary in your country, then bear the apostille (international legalisation) and, where applicable, are translated into Bulgarian by a sworn translator. Fenchell sends you the exact templates to present to the notary, grouped in a single dispatch, which avoids any back and forth. It is the only "physical" formality in the journey — and it is settled in a visit of a few minutes near where you live.
Contrary to a widespread belief, the EOOD's founding deed (учредителен акт, the equivalent of the articles of association for a single shareholder) does not require notarial certification. What is notarised is the manager's consent to their appointment together with their specimen signature (документ за съгласие и образец от подписа). It is that document — and not the articles of association — that goes to the notary at step 2.
3. Capital deposit into an escrow account
The minimum share capital of an EOOD is €1 (formerly 2 BGN) — with Bulgaria having adopted the euro on 1 January 2026, at the fixed and irrevocable rate of €1 = 1.95583 BGN. The EOOD/OOD form and its capital are governed by the Търговски закон (Bulgarian Commercial Act, lex.bg).
This capital is deposited into an escrow account (accumulation account) opened with a Bulgarian bank in the name of the company being formed. The bank issues a deposit certificate, a mandatory item in the registration file. Once the company is registered, this account becomes a current account and the capital is released.
This symbolic amount is never an obstacle: it is one of the strengths of the jurisdiction. In practice, many entrepreneurs choose to endow the company with slightly higher capital to reassure banks and partners.
Do not confuse the escrow account (step 3, essential for registration) with the operating accounts (step 7). The former serves only to evidence the capital; the latter serve to receive and make payments day to day.
4. Registration and obtaining the EIK
The agent files the complete file — articles of association, manager's declaration, deposit certificate, forms — with the Bulgarian Commercial Register (Targovski Registar). After review, the company is registered and receives its EIK, the unique identifier equivalent to the French SIREN.
From that moment, your EOOD legally exists: it can sign contracts. You can also obtain a certificate of good standing (Aktualno Sastoyanie) confirming its active registration, often requested by banks and platforms.
5. FID and electronic signature key (QES)
Two administrative tools condition everything that follows. The FID (foreign identification number) identifies you as a non-resident individual to the Bulgarian authorities — it is required for taxation and certain online steps; everything is explained in our guide the FID, foreign identification number.
The QES key (qualified electronic signature, BORICA / B-Trust type, compliant with the eIDAS Regulation) lets you electronically sign tax returns, applications and official deeds with the same value as a handwritten signature. The detail of how to obtain it is in the BORICA / B-Trust QES key.
6. VAT registration with the NRA
VAT registration is done with the NRA (Bulgarian tax authority). It becomes mandatory above a threshold of €51,130 (≈ 100,000 BGN) of turnover; since the reform that came into force on 1 January 2026, this threshold is assessed on the turnover of the calendar year (rather than a rolling 12 months), with a 7-day filing deadline (чл. 96 et чл. 168в ЗДДС, lex.bg — ЗДДС).
But voluntary registration is possible from formation, and common in e-commerce and B2B. It gives you an intra-EU VAT number, useful for invoicing EU business clients, operating in B2B and reporting your sales correctly.
Depending on your model, you will combine this number with the OSS / IOSS schemes for intra-EU distance sales — the OSS one-stop shop above a pan-EU threshold of €10,000 of distance sales per year, IOSS for imported goods of a value not exceeding €150 — or even multi-country EU and UK VAT registrations if you store in FBA or sell post-Brexit. For import/export outside the EU, the EORI number completes the setup.
7. Opening bank accounts
Final step: equip the company with its operating accounts. We generally combine a Bulgarian bank account and fintech solutions (Wise, Airwallex, etc.) suited to the multi-currency flows of e-commerce.
This is where economic substance plays a decisive role: physical address, local agent, active Bulgarian mobile line and bookkeeping kept on the ground reassure banks during KYC. A company with no genuine presence is frequently refused account opening.
The whole banking journey is detailed in opening a Bulgarian business bank account, and the underlying issue in economic substance.
How long to form an EOOD remotely? (5 days of registration, ~20 days in total)
Two durations must be distinguished. Registration at the Commercial Register itself takes, once all notarised documents are received, at most 5 business days.
But the full process lasts about 20 days, because it depends on your pace: drafting of the deeds by the lawyer (≈ 3 days), your visit to the notary then posting the originals by express courier (≈ 5 days), registration at the register (≈ 5 days), and finally account opening: ≈ 7 days for a fintech, 48 hours with Wise. Here is an indicative timeline:
| Phase | Steps covered | Indicative timeline |
|---|---|---|
| Scoping & drafting of the deeds by the lawyer | 1 and 2 | ≈ 3 days |
| Signing at the notary & posting the originals (DHL) | 2 | ≈ 5 days (depends on you) |
| Registration at the register → EIK | 3 and 4 | ≤ 5 business days |
| FID, QES key & VAT (NRA) | 5 and 6 | in parallel / straight after |
| Bank accounts (fintech) | 7 | ≈ 7 days (Wise in 48 hours) |
That is a registration in 5 business days once the originals are received and a full process of about 20 days between your first signature and a fully operational company — a timeline and a price (from €890 excl. VAT) that reflect the commitment of the Eurotrade pack, and not a universal rule of Bulgarian law.
Once the company is active, the appeal of the jurisdiction is confirmed on the tax side: 10% corporate income tax (flat rate: чл. 20 ЗКПО, lex.bg) then a withholding between 0 and 5% on dividends.
This withholding is 0% to a parent company that is tax-resident in the EU/EEA, with no participation threshold or holding period (чл. 194, ал. 3, т. 3 ЗКПО), and 5% paid to an individual (чл. 38, ал. 1, т. 2 and чл. 46, ал. 3 ЗДДФЛ — this 5% rate is maintained in 2026, the increase to 10% appeared in the draft budget but was not adopted).
That is an effective burden of about 10 to 14.5% depending on the dividend rate (between 0 and 5%) once profits are distributed — the overall tax burden among the lowest in the EU (Hungary advertises a 9% headline corporate tax, but its taxation exceeds 20% once dividends are included).
Note: when the shareholder is a parent company that is tax-resident in the EU/EEA, this withholding falls to 0%, with no participation threshold or holding period (чл. 194, ал. 3, т. 3 ЗКПО, lex.bg).
This journey fits within the broader approach described in our pillar guide forming a Bulgarian company remotely, which also covers taxation and costs; and if you are still hesitating over the country, our comparison Bulgaria vs Estonia, Dubai and France positions the jurisdiction against its alternatives.
Launch your EOOD today
The Eurotrade pack covers the complete journey, 100% remotely, from €890 excl. VAT. This is not a registration onto which options have been grafted: it is an integrated system, designed from the outset for remote management. It creates the economic substance that makes your company both workable and tax-defensible.
FAQ
How long does it take to form an EOOD remotely?
What documents do I need to provide to set up my EOOD?
What is the minimum capital of an EOOD?
Do I need to travel to Bulgaria at any point in the process?
When can my company start invoicing?
General information current as of 6 June 2026, not constituting personalised tax, legal or accounting advice. Rates, deadlines and amounts are indicative and vary according to your situation. Fenchell Capital OOD — Bulgarian firm based in Plovdiv (EIK 207945095).