Welcome to ASB Accounting Services Bulgaria – your trusted partner for accounting, tax, and business services in Bulgaria!
How to Run a Bulgarian Company While Living Abroad: A Practical Guide
ASB Accounting Services Bulgaria helps hundreds of international and Bulgarian business owners successfully manage their companies from abroad. Whether you’re based in another EU country, the UK, or further away, you can operate your Bulgarian business fully remotely — legally, efficiently, and with peace of mind.
Legal Setup and Company Presence
You do not need to reside in Bulgaria to own or manage a company here. A foreign or Bulgarian citizen living abroad can be both owner and managing director. The only legal requirement is to have a registered address and a local accounting or correspondence office in Bulgaria. This address serves as your company’s official presence for all administrative purposes.
Most business owners choose an accounting firm to handle this. At ASB, we provide registered office services, ensuring all government mail and accounting correspondence are received and processed securely.
Banking and Payments: Managing Finances Remotely
Modern Bulgarian banks offer reliable online banking and mobile apps, allowing you to manage company funds from anywhere. For even greater flexibility, many business owners choose fintech options such as Revolut Business, Wise, or Paysera. These platforms are fully compatible with Bulgarian companies and simplify international transfers.
Be aware that the initial bank account setup may require one in-person visit to Bulgaria or a notarized authorization for your local representative.
Accounting, Tax, and Compliance Obligations
Even if you live abroad, your company must still comply with all Bulgarian accounting and tax regulations. These include:
- Monthly bookkeeping and VAT returns (if VAT registered)
- Annual financial statements and corporate income tax filing
- Payroll management and social security reporting for employees
With digital signatures and secure document exchange, your accounting firm can handle everything remotely. ASB offers full-service accounting designed for remote company owners — from bookkeeping to annual reports.
Representation and Power of Attorney
You can authorize a local accountant or representative to sign and submit documents on your behalf. This power of attorney allows them to handle VAT registration, submit tax returns, communicate with authorities, and even represent you in front of the National Revenue Agency.
This approach saves time, reduces travel costs, and ensures your company always remains compliant, even if you’re thousands of kilometers away.
Taxation and Residency Considerations
Your company remains a Bulgarian tax resident, meaning it pays the standard 10% corporate tax in Bulgaria — one of the lowest in the EU. However, your personal tax residency determines where you owe tax on any salary or dividends you receive.
Most countries have Double Tax Treaties (DTTs) with Bulgaria, which protect you from being taxed twice on the same income. Still, consulting with an international tax expert is highly recommended to ensure optimal tax planning.
Practical Remote Management Tips
Technology now allows full remote control over your Bulgarian company. To stay organized and compliant, follow these practices:
| Area | Recommended Tools / Practices |
|---|---|
| Accounting | Cloud-based software and secure document sharing |
| Communication | Monthly video meetings with your accountant |
| Payments | Online banking or fintech platforms for real-time control |
| Compliance | Automatic reminders for VAT and tax deadlines |
| Security | Digital signatures (qualified e-signature in Bulgaria) |
Summary and Professional Assistance
Running a Bulgarian company while living abroad is entirely possible — and increasingly common. With proper structure, reliable accounting, and a trusted local representative, your business can operate smoothly and legally from anywhere in the world.
ASB Accounting Services Bulgaria specializes in remote company management, accounting, and tax compliance for both Bulgarian and foreign entrepreneurs. Let us help you manage your company efficiently — wherever you are.
Contact ASB Accounting Services Bulgaria to discuss your setup and receive personalized guidance on running your Bulgarian company remotely.