Doing business in Bulgaria starts here

Efficient. Fully compliant.

Trusted by businesses in 50+ countries

Proud member of the Alliott Global Alliance
European Union, European Social FundOperational Programme Human Resources DevelopmentPartner logo 1Partner logo 2Partner logo 3Partner logo 4Partner logo 5Partner logo 6Partner logo 7Partner logo 8

Who we are?

We are independent company of chartered accountants, business advisors, international tax consultants and lawyers. Our head office is based in Sofia, Bulgaria

ZaraConsult by the Numbers

Local expertise. International experience. Proven over time.

60+
Experienced Professionals
700+
Companies We Support
50+
Countries Represented
25+
Years of Expertise

Why Bulgaria?

Bulgaria offers one of Europe’s most competitive environments for establishing and growing a business.

Companies benefit from a highly favourable tax framework, predictable flat-rate taxation, competitive operating and employment costs, and access to qualified multilingual professionals.

As a member of the EU, the Schengen Area and the Eurozone, Bulgaria provides direct access to the EU Single Market, the stability and convenience of the euro, and a strategic location connecting Europe with neighbouring markets.

10 Reasons to Choose Bulgaria for Business

  1. 10% Corporate Income Tax
  2. 10% Flat Personal Income Tax
  3. 5% Standard Dividend Tax, with exemptions in qualifying cases
  4. 0% Inheritance Tax for spouses and lineal heirs
  5. 0% Gift Tax between spouses and lineal relatives
  6. EU Single Market Access
  7. Full Schengen Membership
  8. Euro – Bulgaria’s Official Currency
  9. Competitive Costs and Qualified Professionals
  10. Company Registration Typically Within 2–3 Business Days, once the required documents are submitted

And 10 More Reasons to Choose Bulgaria

Beyond tax efficiency, Bulgaria offers the talent, infrastructure and business ecosystem to support international entrepreneurs, growing companies and global operations.

  1. Freelancer-Friendly TaxationEligible freelance professionals may benefit from a 25% statutory expense deduction, resulting in an effective 7.5% income tax rate before social security contributions.
  2. Attractive Tax Residency FrameworkBulgarian tax residents benefit from a 10% flat personal income tax rate on most types of income, subject to applicable tax residency and double-tax treaty rules.
  3. Established Technology HubBulgaria has a well-established technology sector with experienced software, fintech, cybersecurity and engineering professionals. The country also ranks among the world’s Top 10 for mobile internet speed.
  4. BPO & Shared Services DestinationInternational companies choose Bulgaria for finance, accounting, payroll, customer support, technology and other business operations.
  5. Skilled Multilingual TalentBusinesses gain access to qualified professionals combining technical expertise, international experience and strong foreign-language skills.
  6. Dynamic Startup EcosystemA growing community of startups, accelerators, technology centres and investment funds supports innovative and scalable businesses.
  7. AI, Research & InnovationSofia is home to INSAIT — the first institute of its kind in Eastern Europe offering world-class research in AI and computer science, established in partnership with ETH Zurich and EPFL.
  8. Extensive Double-Tax Treaty NetworkBulgaria’s broad network of double-tax treaties supports cross-border business operations and international investment.
  9. Strategic European LocationPositioned between Europe and neighbouring markets, Bulgaria provides convenient access to the EU, the Balkans, Türkiye and the wider region.
  10. Investment Support and IncentivesQualifying projects may access investment incentives, employment and training support, infrastructure assistance and EU-funded programmes.

Choose your country

We’ll compare it with Bulgaria.

Don’t see your country? Let us know. We work with businesses from over 50 countries.

Representative scenario: single individual tax resident in the selected country; 100% shareholder; €1,000,000 accounting profit before corporate tax; 100% of after-tax profit distributed; company and shareholder located in the capital; active owner-manager; no incentives, preferential regimes, holding/participation exemptions, church tax or tax planning. Switzerland: Zürich. Net assets where relevant: €1,000,000.

* Effective all-in tax combines corporate income tax and dividend taxation.

Illustrative figures for general comparison only — not tax advice. Actual tax outcomes depend on your structure, tax residence and circumstances. We assess each case independently and will tell you whether Bulgaria is the right fit.

From your first call to a fully operational company in Bulgaria

  1. Tell us your plans

    Share your goals. We’ll understand your business and what you need to get started.

  2. Get a clear roadmap

    The right company structure, required steps, timeline and costs — clearly explained from the start.

  3. We prepare and coordinate

    Documents, identity checks, capital deposit and submission to the Commercial Register — guided from start to finish.

  4. Complete your business setup

    Banking assistance, registered address, VAT and EORI registration — coordinated around your business needs.

  5. Start operating with confidence

    Your Bulgarian company is ready for business, supported by our accounting, tax and payroll teams from day one.

Pavlina Petrova, founder of ZaraConsult

Our vision

At ZaraConsult, we are passionate about providing an exceptional level of service and genuine care to our clients.

We believe this is the key to our success and to the success of our clients. It is also what sets us apart from our competitors. We believe in personal relationships, long-term partnerships, and solutions tailored to the individual needs of every client.

We understand that no two businesses are alike. Whether you are a start-up or a multinational company, our focus is on helping you achieve your business goals.

Our greatest assets are our clients and our team. At ZaraConsult, our work is about far more than financial statements and balance sheets — it is about people, trust, and lasting relationships.

Pavlina Petrova · Founder
Bureau Veritas certification mark: certified ISO 9001 and ISO 27001

ZaraConsult’s information security management system is certified to ISO/IEC 27001:2022 by Bureau Veritas Certification.

60+ professionals. Six departments. One roof.

Most clients work with the same adviser and the same accounting team — in English, for years. These are the people who pick up the phone.

Pavlina Petrova, Founder and Managing Director of ZaraConsult

Pavlina Petrova

Founder & Managing Director

Expertise
Financial management · Corporate structuring · International taxation · Cross-border advisory · Business strategy · M&A

“Strong businesses are built on clarity, trusted advice and relationships that stand the test of time.”

Nikola Davidkov, Partner and Co-Managing Director of ZaraConsult

Nikola Davidkov

Partner, Co-Managing Director & Operations Director

Expertise
IFRS & consolidated reporting · Multinational accounting · International taxation · Transfer pricing · Pillar Two · Double tax treaty advisory

“Precision. Strategy. Results. Excellence is achieved when expertise meets consistency.”

Evgeni Pavlov, Partner and Head of Administrative & Legal Services at ZaraConsult

Evgeni Pavlov

Partner, Head of Administrative & Legal Services

Expertise
Corporate services · Company incorporation & restructuring · Corporate compliance · AML & regulatory compliance · Liquidations & deregistrations · Government liaison

“Integrity earns trust. Consistency earns respect. Professionalism builds lasting partnerships.”

Lyuben Tsonev, Head of Accounting & International Tax Planning at ZaraConsult

Lyuben Tsonev

Head of Accounting & International Tax Planning Department

Expertise
International management reporting · International tax planning · Budgeting & financial analysis · Annual tax compliance · Financial reporting · Accounting team leadership

“Business succeeds when headquarters and subsidiaries work as one trusted team.”

Anelia Angelova, Head of Payroll & Accounting at ZaraConsult

Anelia Angelova

Head of Payroll & Accounting

Expertise
Payroll management · Employment & social security compliance · International payroll coordination · Accounting operations · Financial reporting · Team leadership

“The smallest details make the biggest difference. Precision is the foundation of trust.”

Evlogi Zahariev, Head of Accounting & Tax Compliance at ZaraConsult

Evlogi Zahariev

Head of Accounting & Tax Compliance

Expertise
Multinational accounting · Complex financial consolidations · Group financial reporting · Tax compliance · Financial systems & ERP solutions · Team leadership

“Every deadline matters. Every detail counts. Every client deserves our best.”

Mariya Malinova, Head of Accounting & Tax Compliance at ZaraConsult

Mariya Malinova

Head of Accounting & Tax Compliance

Expertise
E-commerce & digital business advisory · Tax compliance · Group financial reporting · Financial process optimisation · Cross-border business operations

“Every successful business begins with people who learn, grow and create value together.”

Margarita Pavlova, Senior Corporate Lawyer at ZaraConsult

Margarita Pavlova

Senior Corporate Lawyer

Expertise
Corporate & Commercial Law · Licensing & Regulatory Compliance · GDPR & Data Protection · AML Compliance · EU Business Regulations · Corporate Legal Advisory

“Attention to detail is not a habit. It is a professional responsibility.”

Neli Tancheva, Business Development Department at ZaraConsult

Neli Tancheva

Business Development Department

Expertise
Business Development · Client Advisory · Company Incorporation · Corporate Services · Client Relationship Management · International Business Support

“From your first question to your first day in business, we’ll be by your side.”

Atanas Petkov, Legal Counsel at ZaraConsult

Atanas Petkov

Legal Counsel

Expertise
AML & KYC Compliance · Customer Due Diligence (CDD) · Enhanced Due Diligence (EDD) · Ultimate Beneficial Ownership (UBO) Verification · Sanctions & PEP Screening · Corporate Compliance & Regulatory Advisory

“Good judgement comes from careful analysis. Trust comes from getting it right every time.”

Denitza Dimitrova, Senior Accountant at ZaraConsult

Denitza Dimitrova

Senior Accountant

Expertise
Manufacturing Industry · Agriculture · Hospitality & Tourism · Financial Reporting · Tax Compliance · Management Reporting

“Trust is earned by delivering the same high standard, every single time.”

Georgi Binev, Senior Accountant at ZaraConsult

Georgi Binev

Senior Accountant

Expertise
Financial Reporting · Corporate Accounting · Tax Compliance · Annual Financial Statements · Management Reporting · Financial Analysis

“The value of experience lies in making the right decision, even in the most complex situations.”

Neli Bozhkova, Legal Counsel at ZaraConsult

Neli Bozhkova

Legal Counsel

Expertise
Business Advisory · Corporate Law · Company Incorporation · Corporate Administration · Regulatory Compliance · Commercial Documentation

“Good legal advice is not only about solving problems. It is about preventing them.”

Tsvetina Tsoneva, Business Development Department at ZaraConsult

Tsvetina Tsoneva

Business Development Department

Expertise
Client Relationship Management · Corporate Services · Business Advisory · Corporate Administration · Regulatory Support · Ongoing Client Assistance

“Every challenge has a solution. My job is to help you find it.”

Hristo Iliev, Business Development Department at ZaraConsult

Hristo Iliev

Business Development Department

Expertise
Government Liaison · Banking Assistance · Tax Residency Procedures · NRA Representation · Corporate Administration · Client Support

“You don’t have to navigate the system alone. That’s what we’re here for.”

What clients say about us

The best accounting firm in Bulgaria. Responses are fast and I don’t have to chase them.

Lampros ChantzisNergetix LTD

Already working with ZaraConsult for 8 years, never had an issue. Accounting, fiscal and legal advice in the same company — a huge benefit.

Andy De GrooteSOLITS EOOD

Excellent professionals. Their work is characterized by absolute accuracy, correctness, and confidentiality.

Tianka KolevaThea Pharma EOOD

Very competent tax advisors. Everybody speaks good English. ZaraConsult does everything I expect from a tax advisory.

Arne TrautmannKzenon Media Ltd

We work with our personal accountant there as if she was our own employee. Highly recommend them!

Vladimir PopovClient for over 10 years

I can confidently recommend ZaraConsult to any organization seeking expert, reliable, and secure services.

Yavor AndreevShindler Bulgaria EOOD

Frequently Asked Questions

Find answers to the most common questions about starting and operating a business in Bulgaria.

All frequently asked questions
Can the company formation process be completed remotely?

Most of it — but not all. We start with an online consultation, followed by a single visit to Bulgaria for notarisation and bank onboarding. We do not promote fully remote setups: proper identification and AML/KYC procedures protect both you and your company.

How long until the company is registered?

About 2–3 business days after all required documents have been prepared and submitted.

Can you open the bank account?

We prepare the required documentation, facilitate the introduction to the bank, and coordinate the onboarding process. Final approval and account opening are always at the bank’s discretion.

What will it cost?

Company incorporation assistance is charged as a one-time fee, while accounting services are provided for a fixed monthly fee. All fees are quoted in writing in advance. Any services outside the agreed scope are confirmed with you before we proceed.

Will my home tax office accept it?

That depends on business substance, not registration documents alone. We advise you on the appropriate structure and compliance requirements — and give you a clear assessment of whether Bulgaria is the right fit for your business.

Do I need to live in Bulgaria to own and manage the company?

No. A Bulgarian limited company may be established by one or more owners and managed by one or more directors. The minimum requirement is one person, who may act as both the sole owner and the director, with no restriction on that person being a foreign national.

One visit to Bulgaria is required for the company formation process and bank account opening. After registration, no further residence or travel requirements apply unless your business activities require your presence.

Which type of company should I set up?

For most small and medium-sized businesses, the most suitable structure is a limited liability company – Ltd (OOD or EOOD). The minimum required capital in Bulgaria is €1.

Other legal forms, including branches and representative offices, may be appropriate in specific cases. We assess your business needs and recommend the appropriate legal structure during the initial consultation.

What’s included in the company incorporation assistance?

Our Legal Department prepares all required incorporation documents and submits the application to the Bulgarian Commercial Register. The registration itself is completed by the Registry Agency.

We also assist with a registered office, bank introduction, Certificate of Good Standing, VAT and EORI registration, as well as all other practical steps required to make your company fully operational and ready to do business in Bulgaria.

Once the company is registered with the assistance of our Legal Department, our accounting team can take over its ongoing accounting and tax compliance in Bulgaria.

Do I need VAT registration to trade internationally?

A Bulgarian company supplying services to VAT-registered businesses in other EU countries must register for VAT before making its first such supply. For services and goods sold to customers outside the EU, the VAT treatment depends on the transaction and the customer’s location.

Online stores selling to EU consumers may also need OSS registration once cross-border B2C sales exceed the EU-wide €10,000 threshold. We assess your business model and arrange the appropriate VAT and OSS registrations from the outset.

Can I register as a freelancer instead of setting up a company?

Yes. We assist EU citizens with registering as freelancers in Bulgaria, including obtaining the required residence and tax identification, social security registration, a registered address, and a bank introduction.

Depending on the individual’s circumstances, the overall effective tax burden may be approximately 7.5%.

Your presence in Bulgaria is required for approximately 2–3 business days.

We are always here to help you!

Send your inquiry to our team.

European Union, European Social Fund
Co-funded by the European Union
Operational Programme Human Resources Development
Human Resources Development Program 2021–2027

Contract No. BG05SFPR002-1.019-0071-C01
Project: Promoting the Development of New Skills in Zara Consult Ltd.

Read more

Zara Consult Ltd. is implementing the project “Promoting the Development of New Skills in Zara Consult Ltd.”, financed under the Human Resources Development Programme 2021–2027, procedure BG05SFPR002-1.019 “New Skills”.

The project is aimed at enhancing the knowledge, skills, and professional qualifications of the company’s employees in response to the evolving requirements and the need for new competencies in the field of accounting. Through the planned training activities, employees will acquire competencies that will support their adaptation to modern workplace requirements, increase productivity, and contribute to sustainable employment and quality of work.

Within the framework of the project, the following trainings will be conducted for a total of 53 employees:

Specialized trainings relevant to job roles:

  • Cybersecurity and protection of information assets
  • Application of artificial intelligence in the activities of Zara Consult
  • Preparation of financial analyses for management and decision-making purposes
  • EU and Bulgarian legislation on the protection of whistleblowers
  • Advanced training in detecting suspicious financial transactions

Soft skills training under Key Competence 5:

  • Teamwork skills: effective communication, collaboration, conflict resolution, and trust-building
  • Leadership skills, motivation, and employee engagement

The implementation of the project will contribute to:

  • improving employees’ competencies in cybersecurity and the protection of sensitive data
  • expanding knowledge on the application of artificial intelligence in accounting practice
  • enhancing skills for identifying suspicious financial transactions and applying regulatory requirements
  • developing personal, social, and leadership competencies
  • supporting the digital and green transition through the digitalization of work processes and reduction of paper-based documentation
Project implementation period:
15 November 2025 – 15 May 2027
Place of implementation:
Sofia, Bulgaria
Total project value:
EUR 98,240.90
Grant funding:
EUR 58,944.54, of which:
  • EUR 41,261.18 co-financed by the European Union through the European Social Fund Plus (ESF+)
  • EUR 17,683.36 national co-financing
Beneficiary co-financing:
EUR 39,296.36

The project contributes to the sustainable development of human capital in Zara Consult Ltd. by building a more competent, adaptable, and efficient team capable of meeting the challenges of digital transformation and the modern business environment.