The Rumavi Global Relocation Index 2026 ranks Bulgaria 12th out of 192 countries worldwide, with an overall score of 69.7/100. The index evaluates countries across 24 different metrics covering financial and tax conditions, quality of life and healthcare, safety and stability, digital infrastructure, and opportunities for settling and doing business.

For Bulgaria, the results are particularly interesting for internationally mobile professionals and remote workers.

The country ranks:

• 13th worldwide for Digital Nomads
• 14th for Tax-Friendliness
• 15th for Retirees
• 19th for Families
• 31st for Entrepreneurs

A Strong Choice for Remote Professionals

For digital nomads and freelancers, Bulgaria offers a combination that is becoming increasingly difficult to find in Europe: affordable living, good digital infrastructure and a favourable tax environment.

The Rumavi Index gives significant weight to precisely these factors when evaluating destinations for digital nomads. Bulgaria also benefits from a 10% flat personal income tax rate, which contributes to its strong position in the tax-friendliness ranking.

For entrepreneurs, the advantages go beyond affordability. Bulgaria offers access to the European market, developed communications and digital infrastructure, while the cost of operating a business remains competitive compared with many Western European countries.

More Than Just an Affordable Destination

Bulgaria’s appeal is not simply about lower costs.

Sofia has developed into a modern European business centre with a growing international community, excellent internet connectivity and convenient connections with the rest of Europe. At the same time, the city offers something equally important: a comfortable lifestyle, rich history, restaurants and entertainment, large parks and a mountain practically on its doorstep.

For remote professionals and international entrepreneurs, this combination makes Bulgaria not only a place to establish a business, but also a place where they may genuinely enjoy spending their time.

Your Business Address in Sofia

If Bulgaria looks like the right place for your next business venture, you do not necessarily need to rent and maintain a traditional office.

PHQ can provide your company with an excellent professional virtual office address in Sofia, giving you a reliable business presence in the Bulgarian capital while allowing you to manage your company from wherever your work takes you.

Registering a company in Bulgaria is a fast and affordable process that can be completed entirely online through the Commercial Register at the Registry Agency. For most entrepreneurs, the procedure takes 1–2 business days, provided all documents are correctly prepared. Below is a complete, clear breakdown of the steps and the exact costs involved — in euro.

1. Choose a Legal Form and Company Name

The two most common types of companies in Bulgaria are:

• EOOD – a limited liability company with one owner
• OOD – a limited liability company with two or more shareholders

Before proceeding, you must check whether your chosen company name is available in the Commercial Register.

2. Prepare the Required Documents

To register an EOOD/OOD, the following documents are needed:

• Incorporation Act (for EOOD) or Articles of Association (for OOD)
• Decision of the sole owner / Minutes of the founding meeting
• Notarized specimen signature of the managing director
• Declarations under Articles 141(8) and 142 of the Commercial Act
• Proof of paid share capital — minimum 1 EUR

3. Open a Capital Bank Account

You must deposit the initial capital (minimum 1 EUR).
Bank fee: 5–10 EUR, depending on the bank.

4. Submit the Documents to the Commercial Register

Two options are available:

Online submission (recommended)

• Requires a qualified electronic signature (QES)
• Faster and cheaper
• State fee: 28 EUR

Submission in person at the Registry Agency office

• State fee: 56 EUR

5. Receive the Company Identification Number (EIK)

Once registered, your company receives an EIK, which is its official business identification number.

How Much Does It Cost to Register a Company in Bulgaria? (in EUR)

6. Total Estimated Cost (in EUR)

If submitting in person:

~72–92 EUR

If submitting online (recommended):

~44–66 EUR

If using a professional accountant/lawyer:

Add 50–150 EUR depending on the provider.
Many service providers can also submit documents using their own electronic signature.

7. After Registration

Following the company registration, you must:

• Register with the National Revenue Agency (NRA)
• Determine whether VAT registration is required
• Open a business bank account
• Obtain any specific licenses, depending on your business activity

8. Conclusion

Starting a company in Bulgaria is fast, affordable, and digitally streamlined.
With online filing, your total cost is around 50 EUR, making Bulgaria one of the easiest and most cost-effective EU countries for setting up a business.

Beyond assisting you with the full company registration process, our team can also provide a wide range of additional services to support your operations in Bulgaria. These include:

• Legal consultations and full legal representation within Bulgaria
• Accounting services and financial consulting
• Tax advisory and communication with the Bulgarian tax authorities
• Marketing and business development support for foreign companies entering the Bulgarian market

All additional services are delivered by Velark Ltd. or by our trusted professional partners, with special pricing and preferential conditions available exclusively to our clients.