Creating a Company in Bulgaria: How AI Facilitates the Process
Bulgaria offers some of the lowest tax rates in the European Union and a relatively straightforward business registration procedure. With a corporate tax of just 10% and personal income tax also at 10%, the country attracts both local and foreign entrepreneurs. Let's look at the main steps for starting a business and how artificial intelligence tools can help.
Legal Forms: EOOD or ET?
The two most popular business forms in Bulgaria are EOOD (Single-member Limited Liability Company) and ET (Sole Trader).
ET (Sole Trader) is the simplest form to start a business. Registration in the Commercial Register is quick and inexpensive (fee around 35 BGN). However, the trader is liable with all their personal property for the business's obligations. ET is suitable for small businesses with low risk — freelancers, craftspeople, small traders.
EOOD requires a minimum capital of 2 BGN (symbolic amount). Registration is carried out at the Registration Agency (Commercial Register), and the deed of establishment can be prepared without notarization. EOOD limits the owner's liability to the amount of capital — a critical advantage for riskier businesses.
OOD is the option with two or more partners, and AD (joint-stock company) is for larger companies with minimum capital of 50,000 BGN.
Registration Step by Step
ET:
- Commercial Register — submission of application (online or in person)
- NAP (National Revenue Agency) — registration for tax purposes
- NOI — social insurance registration
EOOD:
- Deed of establishment — preparation (without notary)
- Bank account — deposit of capital
- Commercial Register — submission of application A4 (fee 110 BGN electronic, 160 BGN paper)
- NAP — tax registration, possibly VAT registration (mandatory for turnover over 100,000 BGN)
- License — for certain activities (food, transport, finance)
Financing and Support
Bulgaria offers several opportunities for financing a new business:
- Operational Programme "Competitiveness and Innovation" (OPCI) — grants for SMEs, innovation and digitalization
- Rural Development Programme — financing for agricultural business and rural tourism
- Microloans from Financial Instruments Fund Manager — loans up to 48,895 BGN for start-ups
- European Funds 2021-2027 — programmes for competitiveness, innovation and green economy
- National Innovation Fund — co-financing of innovative projects
Bulgaria's tax advantage is undeniable: 10% corporate tax (the lowest in the EU), 10% income tax, zero rate for reinvested profit in certain municipalities.
How AI Tools Help?
AI-Generated Business Plan
With the BoostPro AI platform, you can generate a professional business plan in minutes. The document includes financial forecasts for 3-5 years, market analysis, marketing strategy and human resources plan.
Free Diagnostic
BoostPro's diagnostic tool assesses your project's readiness in 30 seconds. Answer 7 questions and get a personalized result with recommendations.
Aid Simulator
AI identifies all available assistance — from operational programmes to European funds and local grants. The system automatically matches your profile with the eligibility criteria of over 3,000 programmes.
Conclusion
Creating a company in Bulgaria is profitable and relatively fast thanks to low tax rates and simplified registration procedures. With the help of AI tools, entrepreneurs can generate business plans, analyze the market and identify financing — all in minutes instead of weeks.