Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
ACCOUNTING SUPPORT FOR BUSINESS (FIRM) IN BULGARIA
Bulgaria has become one of the most attractive countries for doing business in the European Union due to its competitive tax system and simplified business procedures.
For Ukrainian entrepreneurs seeking to enter the European market, accounting support in Bulgaria is an important element of successful business operations.
The Bulgarian tax system is built on European principles, taking into account the loyal policy of the tax department.
The main advantages are a low corporate tax rate of 10%, which is one of the lowest among EU countries, a dividend tax of only 5% for non-residents, a standard VAT rate of 20% with a reduced rate of 9% for the hotel business, as well as full access to the European market thanks to EU membership since 2007.
Accounting and reporting requirements
Bulgarian law establishes mandatory requirements for accounting and tax reporting.
Every company must:
- Maintain proper books and records in accordance with International Financial Reporting Standards
- Submit annual tax returns and complete documents required by law
- Undergo a mandatory audit if the company’s annual turnover exceeds 1.5 million leva
Companies in Bulgaria are required to report to three main authorities:
- National Statistical Institute (NSI) – statistical reporting
- National Revenue Agency (NRA) – tax reporting
- Registration Agency – Annual Financial Statements
Failure to comply with these requirements can result in significant fines.
Cost of accounting services
According to the current price list for 2025, the cost of accounting services depends on several factors, including the number of documents and VAT registration status.
For companies not registered for VAT, the cost ranges from 100-140 BGN for up to 10 documents, 140-180 BGN for up to 20 documents, and 245-260 BGN for up to 50 documents.
For VAT registered firms, prices are slightly higher: 198-240 BGN for up to 10 documents, 240-270 BGN for up to 20 documents, 370-415 BGN for 21-50 documents, and 590-695 BGN for 51-100 documents. This price gradation reflects the complexity of document processing and additional reporting requirements for VAT payers.
Additional services and their cost
Accounting firms in Bulgaria offer a wide range of additional services.
Payroll processing for the self-employed costs 20 BGN for the first employee and 10 BGN for each subsequent one, while for employment contracts it costs 35 BGN for the first and 20 BGN for subsequent ones. VAT registration for a new company costs 205 BGN, and for an existing company it costs 300 BGN.
Other services include audit preparation, obtaining tax returns, dividend declarations and consulting.
Professional support from Prikhodko and Partners
“Prikhodko & Partners” provides comprehensive accounting support for Ukrainian entrepreneurs in Bulgaria. With many years of experience working with foreign clients, the company offers a full range of services from company registration to daily reporting.
A special advantage is Ukrainian-language support, which greatly simplifies communication and understanding of Bulgarian legislation.
“Prikhodko & Partners” specialists have all the necessary certificates and qualifications to provide accounting services in Bulgaria.
The company guarantees full responsibility for the quality of the services provided, including compensation for fines in case of errors on the part of the accounting department. This provides clients with peace of mind and confidence in the correctness of business conduct.
“Prikhodko & Partners” also provides consultations on tax burden optimization, assists in obtaining all necessary documents for foreign managers, including a foreigner’s service number from the NAP Register and a qualified electronic signature.
An individual approach to each client allows us to provide the most effective accounting support in accordance with the specifics of the business.
Features for Ukrainian entrepreneurs
Ukrainian entrepreneurs are recommended to work with Ukrainian-speaking accountants in Bulgaria. This simplifies understanding between the client and the accountant, makes understanding of Bulgarian legislation in the field of accounting and taxes more accessible.
For foreign managers, it is necessary to obtain a foreigner’s service number from the NAP Register (195 BGN) and a qualified electronic signature for the company (170 BGN).
Accounting outsourcing is the best option for business owners in Bulgaria. The cost of such support is significantly lower than maintaining your own accountant on staff.
The main advantage of working with external accounting companies is that in case of incorrect reporting or payment calculations, the accounting firm pays at its own expense all fines issued by the regulatory authority.
It is important to adhere to the deadlines for submitting documents: until the 7th of the following month – no surcharges, 8-10th – 50% surcharge, 11-12th – 100% surcharge, after the 12th – documents are not reflected in the report.
When choosing an accounting company in Bulgaria, you should pay attention to experience working with foreign clients, the availability of certified specialists, language support in Ukrainian or Russian, and a full range of services.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Bulgaria?
3 question
Do you need company registration in Bulgaria?
4 question
Do you only need accounting advice?
5 question
Do you need full accounting support for your business in Bulgaria?
6 question
Does your business have a turnover of more than 500,000 euros per month?
7 question
Do you want to buy a ready-made business in Bulgaria?
8 question
Do you need advice on Bulgarian taxes?
9 question
Do you need to open a bank account in Bulgaria?
10 question
Do you need to rent an address for a company or a virtual office in Bulgaria?
11 question
Do you need a legal audit or business due diligence in Bulgaria?
12 question
Do you need marketing support for a business (firm) in Bulgaria?
13 question
Do you need business logistics (transportation services) in Bulgaria?
14 question
Do you need a business loan in Bulgaria?
15 question
Do you need a consultation urgently?
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during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)

