The DPK (variable-capital company, дружество с променлив капитал) and its single-shareholder variant, the EDPK, are forms of Bulgarian company that make it possible, in principle, to form a company 100% remotely with no minimum capital deposit and with no prior Bulgarian bank account before registration.
This is the key difference from the classic EOOD/OOD, which does require a capital (€1, i.e. 2 BGN before the euro) deposited through a Bulgarian bank before registration. For anyone who wants to form quickly, remotely, without tying up capital or depending on an upstream banking step, the DPK/EDPK is often the simplest choice — see EOOD, OOD or DPK.
The taxation is the same as for the other forms: 10% corporate tax, then only between 0 and 5% on dividends (0% to an EU/EEA parent company, 5% paid to an individual). And the same requirement applies: genuine economic substance (address, local agent, locally kept bookkeeping) remains essential for the structure to be defensible.
Conversely, if you want the best-known and most established form from the outset, the EOOD remains relevant. And as with any Bulgarian company, the real challenge is not to form it: it is to make it genuinely operable and manageable remotely — which is what Fenchell builds in from the outset.
The scope of this guide. Here, we focus on the DPK/EDPK and its main advantage — forming without a capital deposit or a prior bank — for online sellers, freelancers and nomads who want to move fast and remotely.
For the overall picture of the arrangement (legal, tax, banking) and the comparison of forms, see the pillar guide forming a Bulgarian company remotely and the comparison EOOD, OOD or DPK.
DPK/EDPK: what is the variable-capital company?
The DPK (дружество с променлив капитал, translated as "variable-capital company") is a form of Bulgarian company designed for digital businesses and start-ups. Its single-shareholder variant is called the EDPK (ЕДПК).
It is not an exotic arrangement: the DPK was introduced into the Bulgarian Commercial Code (Търговски закон) by a reform published in the Official Gazette (Държавен вестник no. 66 of 1 August 2023), within a dedicated chapter (чл. 260а–260я). Registrations have been open since 15 December 2024, via a form specific to the Commercial Register (form А19). A recent form, then, but a genuine one already in operation.
Its main appeal: depending on the form chosen, it makes it possible to form a Bulgarian company 100% remotely, with no capital deposit and with no prior Bulgarian bank account before registration. This is precisely what sets it apart from the classic EOOD/OOD.
To quickly place the three most common forms:
| Form | In short |
|---|---|
| EOOD | Single-shareholder limited company, the best-known form. Capital (€1; 2 BGN before the euro) deposited through a Bulgarian bank before registration. |
| OOD | Same logic as the EOOD, but with several shareholders. |
| DPK / EDPK | Variable-capital company (DPK); EDPK for the single shareholder. In principle: no minimum capital to deposit, no bank required before registration. |
The detailed comparison: EOOD, OOD or DPK: which form to choose. For the overall picture of the Bulgarian arrangement, see the pillar guide forming a Bulgarian company remotely.
No capital deposit or prior bank: why it is simpler
With a classic EOOD/OOD, the share capital (even a symbolic €1) must be deposited into a deposit account at a Bulgarian bank before registration: the transfer receipt is required by the Commercial Register — and it must be drawn up in Bulgarian.
In practice, this therefore requires either a Bulgarian bank account or a deposit made on the ground in Bulgaria (for example via a service such as EasyPay, which issues a receipt in Bulgarian accepted by the register). One more step, upstream, which adds time.
And if you go through a bank for this deposit account, you have to travel there in person for the in-branch KYC, then wait for its response — often 3 to 5 working days, sometimes more. To wrap everything up in a single trip, it is wiser to plan for about ten days in Bulgaria — that is, as many nights of hotel, transport and expenses on the ground.
With the DPK/EDPK, this logic changes: the variable-capital form does not, in principle, require a minimum capital deposited before registration, nor a Bulgarian bank account — nor travel — beforehand.
The reason is structural: in a variable-capital company, the capital is not recorded in the Commercial Register — its variations are reflected in the founding deed, with no deposit account (escrow) to set up upstream. This is precisely what removes, at source, the prior banking step of the EOOD/OOD.
A timely bonus: where the other forms must redenominate their capital in euros in 2026, the DPK is exempt — since its capital is not recorded in the Commercial Register, there is simply nothing to redenominate (чл. 260д ТЗ).
Concretely, for the entrepreneur who wants to move fast, this removes:
- tying up capital before even starting;
- the bank-deposit step required upstream of registration;
- dependence on a banking procedure before existing legally.
The advantage of the DPK/EDPK is upstream: no banking step is required before registration. But to operate your company (collect, pay, sell on the marketplaces), you will then need accounts — and it is you who opens them.
Fenchell forms the company; the client opens their own bank and fintech accounts, on their own or with our help assembling the file. In that case, you remain the applicant and the holder: opening an account is neither included nor guaranteed.
In other words: the DPK/EDPK spares you the banking step that is mandatory upstream; it does not turn Fenchell into a bank. It is a simplification of the formation journey, not a promise of an account.
The result: a shorter, smoother formation journey for anyone who wants to register quickly, remotely, without tying up cash. For the step-by-step mechanics of incorporation, see also forming a company 100% remotely: the steps.
DPK/EDPK vs EOOD, the essentials at a glance:
| Criterion | DPK / EDPK | EOOD / OOD (classic) |
|---|---|---|
| Capital deposit before registration | Not required (in principle) | Yes — capital deposited through a Bulgarian bank |
| 100% remote formation | Yes, with no upstream banking step | Yes, with the prior bank-deposit step |
| Travel to Bulgaria | Not required | Capital deposited on the ground — plan for ≈ 10 days if a deposit account at a bank (KYC) |
| Corporate income tax | 10% | 10% |
| Dividends | between 0 and 5% | between 0 and 5% |
| Maturity of the form | Recent (variable capital) | Classic, the most established |
The formation journey of a DPK/EDPK, in 4 stages:
- Sign the file — our lawyers in Plovdiv prepare the articles of association; you sign everything electronically or before a notary, without travelling.
- Direct filing with the Commercial Register (Targovski registar, TRRYuLNC) — with the DPK/EDPK, the file is submitted directly to the authorities, without the capital-deposit step at a bank.
- Obtaining the EIK — the company's unique identifier (the equivalent of a company registration number); the company exists legally within a few working days.
- Opening your accounts — once the company is registered, you open your own business and fintech accounts (on your own or with our help assembling the file; you remain the applicant and the holder, the opening being neither included nor guaranteed).
Who is the DPK/EDPK for?
The DPK/EDPK is aimed at entrepreneurs whose business is digital and who want to form quickly, remotely, without tying up capital or depending on an upstream banking step. Three profiles are a particularly good fit.
Online sellers
Selling on Amazon, Shopify or under your own brand calls for a credible EU structure that is quickly operational. The DPK/EDPK lets you register without tying up cash upstream.
Freelancers & consultants
As soon as your clients are spread across the EU and you invoice digital services, a Bulgarian variable-capital company offers credible European invoicing, with no capital to tie up.
Nomads & creators
For those working from several countries, the DPK/EDPK offers a stable legal anchor in the EU, created remotely, with no banking step required before registration.
A digital business, manageable remotely, and the need to form quickly, without tying up capital or depending on a bank upstream. If your work fits in a computer, a bank account and clients spread across the EU, the DPK/EDPK is probably the most direct route.
What taxation? The same regime as the EOOD
The legal form changes the formation journey, not the taxation. In principle, the DPK/EDPK falls under the same regime as the EOOD/OOD:
| Item | Applicable regime |
|---|---|
| Corporate income tax | 10% on profit: one of the lowest rates in the EU. |
| Dividends | Between 0 and 5% on distribution: 0% to an EU/EEA parent company, with no threshold or holding period; 5% paid to an individual. Detail: the taxation of dividends. |
| EU single market + euro | Intra-EU VAT and, since 1 January 2026, the single currency: no more exchange-rate friction or intra-EU customs. |
Concretely, once profits are distributed, the overall burden comes to ≈ 10 to 14.5% depending on the dividend rate (between 0 and 5%) — among the lowest in the EU. It is the same mechanism as for an EOOD; the form chosen makes no difference.
The non-negotiable pointEconomic substance remains essential
No form of company removes the need for genuine economic substance. The DPK/EDPK is no exception: forming with no capital deposit does not mean forming an empty shell.
For a Bulgarian company to be defensible before the authorities and to pass bank KYC, it must have a genuine presence on the ground:
- a physical address and registered office in Plovdiv;
- a local agent who acts on the ground;
- a Bulgarian mobile line and a registered point of contact (AML/MAMLA compliance);
- bookkeeping and VAT compliance kept locally.
It is precisely this genuine economic substance that Fenchell builds in from the outset. A firm physically present in Plovdiv since 2018, it draws on its team and its network of dedicated partners — lawyers, accountants, marketplace account managers.
And the firm does not merely register the company: this substance is built into the offer, which makes your DPK/EDPK genuinely workable and manageable from anywhere. The detail: the Eurotrade pack.
When does the EOOD remain preferable?
The DPK/EDPK is not a universal answer. The EOOD (or the OOD with several shareholders) remains relevant in several cases.
You want the best-known and most established form from the outset, better recognised by long-standing banks and partners; you are setting up a structure with several shareholders with a classic share split; or you would rather rely on a tried-and-tested legal framework than on a recent form. The capital deposit through a Bulgarian bank is then a step you accept, not an obstacle.
Our approach is to say it plainly: the aim is not to push you towards one form at all costs, but to choose the one that fits your situation. If you are unsure, the comparison EOOD, OOD or DPK details the choice according to your profile, and a free call settles it in a few minutes.
DPK/EDPK or EOOD: which form for you?
In a single free call, we confirm the form suited to your business and your profile — forming with no capital deposit or prior bank, or opting for the classic EOOD. In both cases, the Eurotrade pack makes your company genuinely operable remotely. 100% remote, from €890 excl. VAT.
FAQ
What is the DPK (variable-capital company) in Bulgaria?
Can you really form a Bulgarian company with no capital deposit?
Do you need a Bulgarian bank account before forming a DPK/EDPK?
Does the DPK/EDPK have the same taxation as the EOOD?
When is it better to choose the EOOD rather than the DPK/EDPK?
General information current as of 14 June 2026, not constituting personalised tax, legal or accounting advice. The DPK/EDPK is a recent form under Bulgarian law (Търговски закон, чл. 260а–260я): its regime continues to take shape and its application to your case must be confirmed with an adviser before any decision. Rates, thresholds, deadlines and amounts (in particular the taxation of dividends and the VAT thresholds) are indicative, may change and vary according to your situation. Fenchell Capital OOD — Bulgarian firm based in Plovdiv (EIK 207945095).