EOOD vs Freelancer in Bulgaria: Key Differences
Key Moments
- 00:01 – EOOD vs Freelancer in Bulgaria
- 00:19 – Does Your Activity Qualify as a Free Profession?
- 00:35 – Who Can Work as a Freelancer?
- 00:55 – Freelancer Taxation in Bulgaria
- 01:10 – Social Security and EOOD Taxation
- 01:31 – Company Money and Freelancer Expenses
- 01:47 – Deductible Business Expenses for an EOOD
- 02:04 – Liability and Future Business Growth
- 02:24 – When a Freelancer May Be More Suitable
- 02:48 – How to Choose the Right Structure
- 03:09 – Final Considerations
Short Summary
Choosing between an EOOD and working as a freelancer under the Bulgarian “свободна професия” regime depends on your activity, expected income, business expenses, social security contributions, VAT obligations, liability and future plans. Freelancing may offer simpler administration for eligible professionals with limited expenses, while an EOOD may be more suitable for businesses with significant costs, employees, reinvestment plans or higher business risks.
Need Help Choosing Between an EOOD and Freelancer Structure in Bulgaria?
Contact ASB Accounting Services Bulgaria for professional assistance with comparing an EOOD and the Bulgarian freelancer or “свободна професия” regime. Our team can help you understand the tax, accounting, social security, VAT and administrative implications of each option and determine which structure is appropriate for your specific activity and plans.
Prefer reading or looking for more details? Read our detailed article about EOOD vs Freelancer in Bulgaria.
Phone: +359897282599
Email: ASB@AccountingServicesBulgaria.com