How much does accounting cost for a Bulgarian company?

Typically EUR 125 to 325 a month for a small foreign-owned EOOD, mostly depending on VAT status, payroll, and transaction volume. A dormant company sits at the bottom of the band. Model it in the [company cost calculator](/tools/company-cost-calculator).

Do I really need a Bulgarian accountant?

In practice, yes. Bookkeeping, VAT, payroll, and the annual close must be done to Bulgarian standards and largely in Bulgarian. It is not realistic to run a compliant EOOD from abroad without one.

Does a dormant company need accounting?

Yes. Even with no activity, a company files an annual return and publishes accounts, or a declaration of inactivity. Missing it brings a manager fine of roughly EUR 100 to EUR 1,500 plus a sanction on the company. If you will not use the company, close it properly rather than leave it accruing penalties.

When do I have to register for VAT?

Registration is mandatory once taxable turnover crosses the threshold (EUR 51,130 for the calendar year in 2026), and can be triggered earlier by certain cross-border transactions. Voluntary registration is also possible. Your accountant tracks this.

What does accounting actually include each month?

Bookkeeping, VAT returns and EU reporting if registered, payroll and the manager's contributions, correspondence with the revenue agency, and the annual corporate tax return and published accounts at year end.

Can you handle accounting in English?

Yes. Our partner package includes English-language correspondence, so you deal with the firm in English while they handle the Bulgarian-language filings. Tell us your situation on the [intake](/get-started).

Accounting for a Bulgarian company: what it costs

Every foreign-owned EOOD needs monthly accounting: VAT filings, payroll, the annual close, and filings even when dormant. What that involves, the market price bands, and what our partner package covers.

General information, not legal or tax advice.

EUR 125-325

Per month

Typical band

Monthly

Bookkeeping

Annual

Close and filing

Always

Even if dormant

Dormant companies still file, and still get fined

Why it is not optional

A Bulgarian company is a regulated entity from the day it exists. It must keep books to Bulgarian standards, file VAT if registered, run payroll if it pays anyone (including a manager), and close and publish annual accounts. None of this is optional, and most of it is in Bulgarian, which is why a local accountant is effectively part of owning the company.

What monthly accounting covers

Bookkeeping: recording invoices and expenses to Bulgarian standards.
VAT: monthly returns and EU sales/purchase reporting, once registered.
Payroll: salary, social contributions, and the manager's own contributions.
Annual close: the corporate tax return and published annual accounts.
Correspondence: dealing with the revenue agency in Bulgarian on your behalf.

What it costs

The market rate for accounting a small foreign-owned EOOD is roughly EUR 125 to 325 a month, driven mainly by VAT status and how many transactions and employees you have. A dormant or very simple company sits at the bottom of the band; a VAT-registered company with staff and steady invoicing sits higher.

What moves the monthly price
Factor	Effect on price
VAT registered	Higher: monthly returns and EU reporting
Employees / payroll	Higher: each person adds payroll work
Transaction volume	Higher with more invoices and expenses
Dormant / minimal activity	Lower: often the bottom of the band

Model your own monthly and one-off costs in the company cost calculator.

What our partner package includes

Through our partner accounting firm, the standard package covers monthly bookkeeping, VAT and payroll where applicable, the annual close, and English-language correspondence, with a registered address available as an add-on. Tell us your situation on the intake and we come back with a fixed monthly quote for your case.

Written by

Petar Georgiev

Founder, BulgariaHQ

Petar runs Kohi Solutions Ltd, a Bulgarian EOOD registered in Veliko Tarnovo (EU VAT BG206220247), and has built and shipped software products from Bulgaria through it. He writes these guides from the paperwork he has actually filed, and cites the primary source for every number. He is not an accountant or a lawyer, and says so on every page that touches tax or immigration.

Last reviewed July 23, 2026

Frequently asked questions

Sources

Every figure on this page is checked against a primary source. Dates show when we last verified it.

VAT rules and registration thresholdPwC Worldwide Tax Summaries · checked Jul 23, 2026
National Revenue Agency (NRA)Republic of Bulgaria, National Revenue Agency · checked Jul 23, 2026
Commercial Register (annual accounts publication)Registry Agency of Bulgaria · checked Jul 23, 2026