Bulgaria Officially Introduces a Digital Nomad Visa
Read this article to learn more regarding a Digital Nomad Visa in Bulgaria. Bulgaria has officially joined the growing list of European countries offering a dedicated visa for digital nomads. With the introduction of this new legal framework, the country opens its doors to remote workers, freelancers, entrepreneurs, and business owners who earn income from abroad and wish to live in Bulgaria while continuing their professional activities online. This move positions Bulgaria as an increasingly attractive destination for location-independent professionals seeking affordability, EU access, and a high quality of life, especially in cities like Sofia.
What Is a Digital Nomad Visa in Bulgaria?
A digital nomad visa in Bulgaria is a long-term residence option designed specifically for non-EU citizens who work remotely for foreign employers or clients. It allows eligible applicants to legally reside in Bulgaria without entering the local labor market, similar to other residence permit options in Bulgaria. The visa is initially granted for a period of up to one year, with the option to renew for an additional year if all conditions continue to be met.
Who Is This Visa Designed For?
Remote employees working for companies registered outside Bulgaria
Freelancers and independent professionals with international clients
Business owners or shareholders in foreign companies
Executives or managers of companies registered abroad
Applicants for a digital nomad visa in Bulgaria must not provide services to Bulgarian clients or be employed by Bulgarian entities while holding this visa, unlike those who choose company registration in Bulgaria.
Key Eligibility Requirements
Income and Financial Stability
One of the main requirements for the Bulgarian digital nomad visa is proof of stable and sufficient income. Applicants must demonstrate that they earn income exclusively from foreign sources. The required income level is tied to the Bulgarian minimum wage and is calculated annually, ensuring that digital nomads can support themselves without relying on the local social system or Bulgarian accounting structures.
Additional Mandatory Conditions
A valid passport with sufficient remaining validity
Proof of accommodation in Bulgaria (rental contract or property ownership)
Comprehensive health insurance covering the entire stay
A clean criminal record from the country of residence
Application Procedure for a Digital Nomad Visa in Bulgaria Explained
Step 1: Applying for a Long-Stay Visa (Type D)
The process begins outside Bulgaria. Applicants must submit their documents at a Bulgarian embassy or consulate in their country of residence. The long-stay visa allows entry into Bulgaria for the purpose of applying for a residence permit as a digital nomad, a process explained in detail in our Type D visa guide.
Step 2: Residence Permit in Bulgaria
After entering Bulgaria with the approved long-stay visa, applicants must apply for a digital nomad residence permit with the local migration authorities. Once approved, the permit grants the right to live in Bulgaria while working remotely for foreign clients or employers, similar to other long-term residence solutions.
Family Reunification Options
Holders of the Bulgarian digital nomad residence permit may apply for family reunification. Spouses and dependent children are generally eligible to join the main applicant, allowing families to relocate together and enjoy life in Bulgaria through the family reunification procedure.
Why Digital Nomads Are Choosing Bulgaria
Affordable Cost of Living
Bulgaria offers one of the lowest costs of living in the European Union, making it particularly appealing for remote workers seeking to maximize their income while enjoying a European lifestyle supported by virtual office solutions.
Strategic Location and EU Access
Located at the crossroads of Europe and Asia, Bulgaria provides easy access to both Western and Eastern Europe. As an EU member state, it offers stability, infrastructure, and the benefits of living within the European Union, especially for professionals using serviced offices in Sofia.
Quality of Life
Modern cities with fast internet and coworking spaces
Beautiful nature, including mountains, beaches, and thermal spas
Rich culture, history, and diverse cuisine
Limitations of the Digital Nomad Visa in Bulgaria
While the visa offers many benefits, it is important to understand its limitations. The digital nomad visa does not automatically lead to permanent residency or citizenship. It is a temporary residence solution intended for remote work purposes only, with strict rules regarding income sources and employment, unlike permanent residence pathways.
What Can SofiaOffices Do for You Regarding a Digital Nomad Visa in Bulgaria?
SofiaOffices provides comprehensive support for digital nomads and international professionals relocating to Bulgaria. From assistance with visa and residence permit applications to office rentals, virtual office solutions, company formation, and accounting services, SofiaOffices acts as a trusted local partner.
Conclusion on Obtaining a Digital Nomad Visa in Bulgaria
The launch of Bulgaria’s digital nomad visa marks a significant step toward attracting international talent and remote professionals. With its competitive living costs, EU membership, and welcoming environment, Bulgaria is quickly becoming a top choice for digital nomads seeking a long-term European base, particularly when supported by professional business services in Bulgaria.
Bulgaria’s entry into the Schengen Zone and euro adoption changed the game for anyone considering a long-term stay. A Bulgarian residence permit now means borderless travel across 29 European countries. The Type D visa is your entry point.
Quick answer: The Type D visa lets non-EU citizens stay in Bulgaria beyond 90 days for work, study, family, business, or retirement. The consular department fee is approximately €100 and the process takes about 30 working days and serves as the mandatory first step before applying for a residence permit. Below, we cover every category, document requirement, and step in the process.
Last reviewed: January 2026. Requirements verified against Bulgarian Ministry of Foreign Affairs guidelines.
A Type D visa is Bulgaria’s long-stay visa for non-EU nationals planning to remain in the country for more than 90 days. Unlike short-stay Schengen visas (Type C) that cap your visit at three months, the Type D grants either 6 or 12 months of validity with multiple entries.
Think of it as the gateway document. You can’t apply for a Bulgarian residence permit without first holding a Type D visa. The visa gets you into the country legally; the residence permit lets you stay.
Key Characteristics
Validity: 6 months or 12 months (360 days)
Entries: Multiple
Purpose: Long-term stay for work, study, family, business, retirement, or other qualifying grounds
Prerequisite for: Bulgarian residence permit application
Why It Matters More in 2026
Bulgaria became a full Schengen member on January 1, 2025. Land border checks with other Schengen countries disappeared. If you hold a Bulgarian residence permit (which requires a Type D visa first), you can travel freely across 29 European countries for up to 90 days in any 180-day period. No additional visas needed.
Add the January 2026 euro adoption, and Bulgaria suddenly looks much more accessible for entrepreneurs and remote workers from outside the EU.
Who Needs a Type D Visa?
Any non-EU/EEA citizen planning to stay in Bulgaria longer than 90 days within a 180-day period needs a Type D visa. This includes:
Employees with job offers from Bulgarian companies
Entrepreneurs starting or running businesses in Bulgaria
Students enrolled in Bulgarian universities or language schools
Family members joining relatives who already hold Bulgarian residence
Retirees with pension income seeking a European base
Freelancers and remote workers (including the new digital nomad category)
EU and EEA citizens don’t need a Type D visa. They have freedom of movement and can register for residence directly. Citizens of countries with visa-free agreements can stay up to 90 days without any visa, but if they want to stay longer, they still need the Type D.
Type D Visa Categories
Bulgarian law recognizes 21 grounds for granting a Type D visa under the Foreigners in the Republic of Bulgaria Act. Here are the most common categories.
Employment
You’ve secured a job with a Bulgarian employer. The company must first obtain a work permit through the Ministry of Labour and Social Policy. Bulgaria doesn’t issue open work permits, so you need a specific job offer before applying.
Once the employer has the work permit, you apply for the Type D visa at your nearest Bulgarian embassy. After arrival, you’ll receive a residence permit tied to your employment.
Business and Entrepreneurship
Two main paths here. First, you can establish a company in Bulgaria and demonstrate commercial activity. The catch: you must hire at least 10 Bulgarian citizens to qualify under the standard business ground.
Second, the investment route. Bulgaria’s Golden Visa program requires a fund investment of approximately €512,000 for permanent residency. Smaller investments exist for temporary residence but come with job creation requirements.
Study
Students admitted to accredited Bulgarian universities, vocational institutions, or language schools qualify for a Type D visa. You’ll need an acceptance letter from the institution. The residence permit typically aligns with your academic calendar and allows limited part-time work.
Family Reunification
If your spouse, parent, or child holds Bulgarian residence or citizenship, you can apply for a Type D visa to join them. You’ll need to prove the family relationship with official documents (marriage certificate, birth certificate) translated and apostilled.
Freelance Work
Freelancers need a permit from the Ministry of Labour and Social Policy before applying for the visa. Requirements include:
Detailed business plan
Proof of at least two years of professional experience in your field
Evidence of financial stability
The freelance permit is issued for up to 12 months. You can’t change the scope of your freelance activity during the initial permit period.
Digital Nomad (New for 2026)
Bulgaria launched its digital nomad visa on December 20, 2025. If you work remotely for a company outside the EU/EEA or own a business registered outside these regions, you now have a dedicated path.
Income requirement: You must prove annual earnings of at least €31,000 (calculated as 50 times the monthly minimum wage of €620). This works out to roughly €2,583 per month.
Key conditions:
You work remotely (no local Bulgarian clients or business activity)
Your employer or business is registered outside the EU/EEA/Switzerland
You have health insurance valid across the EU
You can prove accommodation in Bulgaria
The digital nomad residence permit is granted for one year and renewable for another year if you still meet the conditions.
Retirement
Retirees with sufficient pension income can apply for a Type D visa. You’ll need to demonstrate that your pension covers your living expenses in Bulgaria. Given the relatively low cost of living, many Western European and North American retirees find Bulgaria attractive.
Marriage to Bulgarian Citizen
Marrying a Bulgarian citizen or a foreigner with permanent Bulgarian residence gives you grounds for a Type D visa. You’ll need a Bulgarian marriage certificate and proof that the marriage is genuine.
Required Documents
Document requirements vary by category, but every Type D visa application needs these basics.
Universal Requirements
Valid passport: Must expire at least 3 months after your intended departure from Bulgaria. Needs at least 2 blank pages.
Completed application form: Typed, not handwritten. Available from Bulgarian embassies.
Passport photos: 35mm x 45mm, light background, recent
Proof of accommodation: Notarized rental contract, hotel booking, or property ownership document
Health insurance: Minimum coverage of €30,000, valid for Bulgaria and preferably the entire EU/Schengen area
Financial proof: Bank statements showing sufficient funds (minimum varies by category, generally at least 6 months of Bulgarian minimum wage)
Criminal background certificate: From your country of residence, recent
Visa fee receipt: €100 for standard Type D, €200 for 360-day visa
Translation and Apostille
All documents not in Bulgarian must be translated by a certified translator and apostilled. The apostille confirms the document’s authenticity for international use. Don’t skip this step; embassies reject applications with improperly certified documents.
Category-Specific Documents
Employment: Work permit issued to your employer, employment contract
Business: Company registration documents, proof of Bulgarian employees, business plan
Study: Acceptance letter from accredited institution, proof of tuition payment or scholarship
Family: Marriage certificate, birth certificates, proof of family member’s Bulgarian residence status
Freelance: Freelance permit from Ministry of Labour, business plan, professional experience proof
Digital Nomad: Employment contract or business registration (outside EU), income proof (bank statements, tax returns), health insurance valid across EU
Retirement: Pension statements, proof of regular pension income
Application Process Step by Step
1. Determine Your Ground
Identify which of the 21 legal grounds applies to your situation. If you’re unsure, consult with an immigration specialist. Applying under the wrong category wastes time and money.
2. Gather Documents
Collect all required documents for your category. Get translations and apostilles completed. This step often takes longer than expected, especially if you need documents from multiple countries.
3. Schedule Embassy Appointment
Contact the Bulgarian embassy or consulate in your country of residence. Type D visa applications require an in-person appointment. Some embassies have significant wait times, so book early.
4. Attend Interview
The personal interview is mandatory for all Type D visa applicants. No exceptions. Be prepared to explain your purpose for moving to Bulgaria and answer questions about your circumstances.
5. Pay the Fee
The visa fee is €100 for a standard Type D visa or €200 for a 360-day visa. Payment is made at the embassy. The fee is non-refundable even if your application is rejected.
6. Wait for Processing
Processing takes approximately 30 working days. About 90% of applicants receive their visa within 4 weeks (20 working days). Complex cases or incomplete applications take longer.
7. Collect Your Visa
Once approved, return to the embassy to collect your visa. Check all details carefully before leaving.
After You Arrive in Bulgaria
Getting the Type D visa is only half the process. Once you land in Bulgaria, several deadlines start ticking.
Register Your Address (Within 5 Days)
You must register your Bulgarian address with the local municipality office within 5 days of arrival. Your landlord typically assists with this if you’re renting. Keep the registration certificate; you’ll need it for the residence permit application.
Apply for Residence Permit (Within 14 Days)
Within 14 days of arriving, submit your residence permit application at the Migration Directorate of the Ministry of Interior. Bring:
Your Type D visa
All documents you submitted for the visa
Address registration certificate
Application form for residence permit
Once approved, you receive a residence card (personal ID card for foreigners) valid for one year.
Annual Renewal
Residence permits must be renewed annually. Start the renewal process at least 30-45 days before expiration. You’ll need to prove that your original grounds for residence still apply.
Path to Permanent Residency
After living in Bulgaria for 30 months within any 5-year period, you become eligible for permanent residency. This upgrades your status significantly and removes the annual renewal requirement.
Path to Citizenship
After holding permanent residency for 5 years, you can apply for Bulgarian citizenship. As an EU member state, Bulgarian citizenship grants you the right to live and work anywhere in the European Union.
Costs Summary
Type D visa (standard): €100
Type D visa (360-day): €200
Residence permit application: Varies, approximately €100-200
Document translation: Varies by country, budget €50-200
Apostille fees: Varies by country, budget €20-50 per document
Health insurance: Varies by coverage, from €200-500/year
Note: Some categories have additional fees. Work permits, freelance permits, and business registrations carry their own costs.
Fee Exemptions
Certain applicants don’t pay visa fees:
Spouses and family members of Bulgarian or EU citizens (with proof of relationship)
Holders of diplomatic, service, or official passports
Students and accompanying teachers may qualify for reduced fees
Frequently Asked Questions
How long does the Type D visa application take?
Expect about 30 working days from submission to decision. Most applicants receive their visa within 4 weeks. Processing can take longer if your application is incomplete or your case requires additional verification. Apply at least 2-3 months before your planned move to account for potential delays.
Can I work in Bulgaria while my visa is being processed?
No. You cannot enter Bulgaria on a tourist visa or visa-free stay and start working while waiting for your Type D visa. You must have the proper visa and subsequent residence permit before engaging in any employment or business activity in Bulgaria.
What happens if my Type D visa application is rejected?
You receive a written explanation of the rejection. Common reasons include incomplete documentation, insufficient financial proof, or failure to meet the requirements of your chosen category. The €100-200 visa fee is not refunded. You can reapply after addressing the issues that caused the rejection.
Can I travel to other EU countries with a Bulgarian Type D visa?
Yes, with limits. After Bulgaria joined Schengen fully in January 2025, holders of Bulgarian long-stay visas issued after March 31, 2024 can travel within the Schengen area for up to 90 days in any 180-day period. Once you have your Bulgarian residence permit, this travel freedom continues.
Do I need to speak Bulgarian to get a Type D visa?
No language requirement exists for the Type D visa application. However, all documents must be translated into Bulgarian. For long-term residence and eventual citizenship, learning Bulgarian becomes practical, though naturalization has its own language requirements.
Can I bring my family with me on a Type D visa?
Not on the same visa. Each family member needs their own Type D visa. However, once you establish residence, your spouse, children, and in some cases parents can apply for family reunification visas. They follow the same process: Type D visa first, then residence permit.
Final Thoughts
The Bulgarian Type D visa opens the door to one of Europe’s most affordable countries, now with full Schengen access and euro currency. Whether you’re taking a job in Sofia, enrolling in a Bulgarian university, joining family, or working remotely as a digital nomad, the path starts with this visa.
The application process demands attention to detail. Document requirements are strict, translations must be certified, and deadlines after arrival are tight. Many applicants work with local immigration consultants or service providers who handle the administrative burden.
If you’re considering Bulgaria for business, the Type D visa often pairs with company formation services, registered office addresses, and ongoing administrative support. Getting these pieces in place before you apply simplifies the process considerably.
Every Bulgarian company now has euro-denominated share capital in the Commercial Register. The conversion happened automatically on January 1, 2026. What didn’t happen automatically: the paperwork. You still need to file updated corporate documents. This guide covers exactly what’s required, when it’s due, and what it costs.
Quick answer: You need updated Articles of Association (or Statutes for joint-stock companies), a shareholder resolution, and possibly notarized documents. Deadline is December 31, 2026. State fees are waived for this specific filing, though notary costs may apply depending on your company structure.
Last reviewed: January 2026. Based on the Act on Introduction of the Euro (AIERB) and current Commercial Register requirements.
The Legal Framework
The Act on Introduction of the Euro in the Republic of Bulgaria (AIERB), adopted in August 2024, governs the conversion process. Articles 31-33 define how capital converts, the fixed exchange rate, and the Registry Agency’s automatic conversion duties.
Key points from the law:
Exchange rate is fixed at 1 EUR = 1.95583 BGN (irrevocable)
The Registry Agency converts all registered capital values automatically
Companies must update their governing documents within 12 months
State fees for this update are waived
Ownership proportions remain unchanged
Documents Required by Company Type
What you need depends on your company structure. Here’s the breakdown.
OOD/EOOD (Limited Liability Companies)
Most Bulgarian companies are OODs (multiple shareholders) or EOODs (single shareholder). For these entities, you’ll need:
Required documents:
Updated Articles of Association showing capital and share values in euros
Shareholder resolution approving the amendment (unanimous for capital-related changes)
Application form A4 to the Commercial Register
Declaration under Art. 13, para. 4 of the Commercial Register Act
Potentially required:
Notarized protocol of shareholder decision (if your Articles don’t allow simple written form)
Power of attorney (if filing through a representative)
AD/EAD (Joint-Stock Companies)
Joint-stock companies follow a similar process with some differences:
Required documents:
Updated Statutes reflecting euro-denominated capital and nominal share values
Minutes from General Assembly meeting approving the changes
Application to the Commercial Register
Updated share register (internal document)
Variable Capital Companies (VCC/DPC)
VCCs don’t register fixed capital in the Commercial Register. The automatic conversion doesn’t apply the same way. Instead, you must update internal documentation:
Shareholders’ ledger with euro values
Articles of Association reflecting euro amounts
Annual capital determinations in euros going forward
The minimum nominal share value shifts to €0.01 for VCCs.
Document Preparation Checklist
Use this checklist to ensure you have everything ready before filing:
Before drafting:
Obtain current Commercial Register extract showing converted capital
Review existing Articles of Association for notarization requirements
Identify all shareholders and their contact details
Calculate exact euro amounts using the official exchange rate
Document preparation:
Draft updated Articles of Association with euro figures
Prepare shareholder resolution text
Check if notarization is required by your current Articles
Arrange shareholder meeting or written consent procedure
Execution:
Collect signatures from all shareholders (unanimous for OOD capital changes)
Complete notarization if required
Prepare Commercial Register application
Gather all supporting declarations
Deadlines
Three dates matter for this process:
January 1, 2026 (Passed)
The Commercial Register automatically converted all registered capital from BGN to EUR. This happened without any action from companies. Your capital now appears in euros in the Registry system.
December 31, 2026 (Critical)
All companies must file updated governing documents by this date. The 12-month window from euro adoption closes at year-end. Miss this deadline and you face:
Complications in transactions involving shares, loans, or investors
Next Registration Event (Alternative Trigger)
If you need to make any other Commercial Register filing before December 31, 2026, the Registry may require you to update your capital documentation at that time. Some companies will effectively face earlier deadlines based on their business needs.
Fees Breakdown
Here’s what the euro capital conversion actually costs:
State Fees
Commercial Register filing fee: €0 (waived)
The Bulgarian government waived state fees specifically for euro conversion filings. This is unusual. Normal Commercial Register fees run BGN 55 (approximately €28) for electronic filing or BGN 110 (approximately €56) for paper filing. For this particular update, you pay nothing to the Registry.
Notary Fees
Notary costs apply only if your company requires notarized documents:
Signature specimen (per manager): approximately BGN 6 (€3)
Document certification: BGN 100-200 (€50-100) depending on complexity
Notarized shareholder protocol: BGN 150-300 (€75-150) depending on length
If your Articles of Association allow simple written form for capital-related decisions, you can skip notarization and these costs don’t apply.
Professional Fees
Optional but common. Costs vary widely based on company complexity:
DIY approach: €0-50 (just notary fees if required)
Single-member EOODs with simple structures sit at the low end. Multi-shareholder OODs with shareholders abroad or complicated capital histories cost more.
Total Cost Scenarios
Scenario 1: Simple EOOD, Articles allow written form
State fees: €0
Notary fees: €0
Professional help (optional): €150-200
Total: €0-200
Scenario 2: OOD with 2-3 local shareholders, notarization required
State fees: €0
Notary fees: €75-150
Professional help: €200-350
Total: €275-500
Scenario 3: OOD with foreign shareholders, complex structure
State fees: €0
Notary fees: €100-200
Professional help: €400-700
Apostille/legalization (if needed): €50-150
Total: €550-1,050
Step-by-Step Process
Here’s how to complete the conversion from start to finish:
Step 1: Gather current documents
Obtain your company’s current Commercial Register extract and existing Articles of Association. Check the extract to confirm the Registry has converted your capital to euros.
Step 2: Calculate converted amounts
Apply the fixed rate (1 EUR = 1.95583 BGN) to your registered capital and each shareholder’s stake. Round to two decimal places using standard rounding (third decimal â¥5 rounds up).
Step 3: Check notarization requirements
Review your current Articles. Look for language about decision-making procedures. If capital-related decisions require notarized protocols, plan for notary appointments.
Step 4: Draft updated documents
Prepare new Articles of Association with euro amounts throughout. Draft the shareholder resolution approving the amendment.
Step 5: Execute shareholder approval
For OODs, capital changes require unanimous shareholder consent. Hold a meeting or complete written consent procedures. Get all required signatures.
Step 6: Complete notarization (if required)
Visit a Bulgarian notary to certify signatures and contents if your Articles mandate it.
Step 7: File with Commercial Register
Submit the application electronically (requires QES) or on paper. Include all supporting documents.
Step 8: Confirm registration
Wait for Registry processing. Obtain updated company extract confirming the changes.
Common Questions
Do I need to convert the numbers myself?
No. The Commercial Register already converted your capital automatically. Your job is updating your company’s internal documents to match what the Registry now shows.
What if rounding creates ownership discrepancies?
Minor discrepancies up to 5% can be resolved through a simplified adjustment procedure under the AIERB. Beyond 5%, you’ll need formal capital modification procedures.
Can I file without a Qualified Electronic Signature?
Yes, but only by paper filing. Electronic filing requires a QES from a certified Bulgarian provider. Most companies use representatives (lawyers or accountants) who already have QES credentials.
My shareholders live abroad. Does this complicate things?
It can. You’ll need to coordinate signatures across time zones. If notarization is required, foreign shareholders may need to sign before a notary in their country, then apostille the documents. This adds time and cost.
What if my company is dormant?
Dormant status doesn’t exempt you. Every registered company must comply regardless of activity level. Getting this done while dormant actually simplifies things since you’re not juggling other business priorities.
Key Takeaways
Deadline: December 31, 2026
State fees: Waived for this filing
Documents: Updated Articles of Association + shareholder resolution (minimum)
Notarization: Depends on your existing Articles
Total cost: €0-1,000+ depending on complexity
The conversion math happened automatically. The paperwork is your responsibility. Start early to avoid the year-end rush when notaries and legal professionals will be overwhelmed with last-minute filers.
Bulgaria’s Commercial Register converted your company’s share capital to euros on January 1, 2026. Automatically. No application required. But here’s what the Registry didn’t do: update your Articles of Association. That’s on you. And the deadline is December 31, 2026.
Quick answer: Every Bulgarian company must file updated governing documents showing share capital in euros by year-end 2026. The Commercial Register handled the conversion math automatically, but companies must formally amend their Articles of Association and submit them. Miss the deadline and you face fines plus blocked future registrations.
Last reviewed: January 2026. Reflects current Bulgarian commercial law following euro adoption.
What Actually Happened on January 1, 2026
The Registry Agency converted all registered company capital from Bulgarian lev to euros using the fixed exchange rate of 1 EUR = 1.95583 BGN. This happened across the board. Every OOD, EOOD, and joint-stock company in Bulgaria woke up with euro-denominated capital in the system.
Ownership stakes didn’t change. If you owned 50% before, you own 50% now. The conversion preserved proportional rights exactly as they were.
But the Registry only updated its own records. Your company’s internal documents still show the old BGN figures. Legally, that’s a problem.
Why You Can’t Ignore This
Article 32 of the Euro Introduction Act (ZVERB) requires all commercial companies to bring internal corporate documents into compliance within 12 months of euro adoption. For most companies, that means updating:
Articles of Association (for OOD/EOOD)
Statutes (for joint-stock companies)
Shareholders’ agreements referencing capital amounts
Internal share registers showing nominal values
The updated documents must be filed with the Commercial Register before December 31, 2026.
What Happens If You Miss the Deadline
Non-compliance triggers two consequences. First, administrative fines. Second, and worse, blocked registrations. Need to appoint a new manager? Change your address? Add a shareholder? The Registry can refuse to process any application until your capital documentation matches the euro conversion.
For dormant companies, this seems like a distant problem. Until it isn’t. The moment you need to make any Registry change, the compliance gap blocks you.
The Procedure Isn’t as Simple as It Sounds
On paper, you’re just changing numbers from lev to euros. In practice, Bulgarian corporate law makes this more complicated.
Shareholder Decisions
Amendments to Articles of Association involving capital require shareholder approval. For limited liability companies, capital-related changes need unanimous consent from all shareholders. If your OOD has multiple partners, you need everyone on board.
Notarization Questions
Since 2016, certain LLC decisions require notarized records with certified signatures and contents. Capital changes fall into this category, unless your current Articles of Association explicitly allow simple written form for such decisions.
Many older companies never included that clause. Their founders didn’t anticipate needing it. Now they face notary appointments and additional documentation.
Rounding Complications
The conversion uses standard rounding to two decimal places. For companies with clean BGN 2 capital, the math is simple. But companies with unusual capital structures (perhaps from past increases or complex shareholding) may see rounding affect the total.
If rounding causes ownership proportion discrepancies up to 5%, Bulgarian law allows a simplified adjustment procedure. Beyond 5%, you’re into formal capital modification territory with its own requirements.
Filing Requirements
The Commercial Register accepts applications from company managers directly or from lawyers with explicit power of attorney. Electronic filing requires a Qualified Electronic Signature (QES) from a certified Bulgarian provider.
Good news: no state fees apply for this specific euro conversion filing. The government waived registration costs for capital-to-euro updates.
What Our Legal Service Includes
We handle the complete process from documentation to Registry filing:
Document Review and Preparation
Review current Articles of Association and identify all euro conversion points
Calculate precise converted amounts using the official exchange rate
Draft updated Articles reflecting euro-denominated capital and share values
Prepare shareholder resolution for the amendment approval
Corporate Formalities
Coordinate shareholder meeting or written consent procedure
Arrange notarization if required by your current Articles
Obtain necessary signatures and certifications
Commercial Register Filing
Prepare and submit the application to the Commercial Register
Handle any Registry queries or requests for clarification
Confirm successful registration and obtain updated company extract
Documentation Delivery
Provide certified copies of updated Articles of Association
Supply current Commercial Register extract showing euro capital
Deliver complete file of all documents for your records
Who Needs This Service
Every capital company registered in Bulgaria. It doesn’t matter if you’re actively trading or completely dormant. Foreign-owned or locally held. The obligation applies equally.
OOD and EOOD companies: Must update Articles of Association with euro capital amounts and individual share values for each partner.
Joint-stock companies (AD/EAD): Must update statutes with converted capital and nominal share values.
Variable Capital Companies (VCC): Don’t register fixed capital in the Commercial Register, but must update internal documentation including shareholders’ ledger and articles to reflect euro values.
Dormant companies: Still required to comply. No exemption for inactive entities.
Timeline and Planning
The deadline is December 31, 2026. That sounds far away. It isn’t.
Consider the steps: document review, shareholder coordination, possible notarization, Registry filing, and processing time. If your company has multiple shareholders in different countries, scheduling becomes complex. If you need notarization and your Articles don’t provide for simple written form, add those appointments to the timeline.
Companies that wait until Q4 2026 will compete with every other procrastinator in Bulgaria for notary time and legal attention. The Registry will process applications in order received. Late filers risk missing the deadline even with applications submitted.
Start now. Even if your company is dormant, getting this done removes a compliance burden and keeps future options open.
Frequently Asked Questions
Does the Commercial Register charge fees for this filing?
No. The Bulgarian government waived state fees specifically for euro conversion capital updates. You pay nothing to the Registry for this filing. Professional service fees for document preparation and handling are separate from government charges.
What if I have a single-member EOOD?
The process is simpler but still required. As the sole shareholder, you make the amendment decision yourself. You still need updated Articles of Association filed with the Registry by the deadline.
My company has been inactive for years. Do I still need to comply?
Yes. The obligation applies to all registered companies regardless of activity level. Dormant status doesn’t create an exemption. If your company exists in the Commercial Register, it needs euro-denominated documents.
Can I file the application myself without a lawyer?
Legally, yes. Company managers can file directly. But you’ll need to prepare compliant documents, handle any notarization requirements, and navigate the electronic filing system with a QES. Many company owners find professional handling faster and less risky than learning the process for a one-time filing.
What exactly gets converted?
The registered capital amount and the nominal value of each share or ownership stake. For an EOOD with BGN 2 capital, that becomes approximately EUR 1.02. The conversion happens at the fixed rate of 1 EUR = 1.95583 BGN, rounded to two decimal places.
Get Your Company Compliant
The December 31, 2026 deadline applies to every capital company in Bulgaria. The Commercial Register did the conversion automatically, but formal document updates remain your responsibility.
Waiting creates risk. Start the process now while timelines are comfortable and professional availability is good. We handle everything from initial review through final Registry confirmation.
Contact us to begin your company’s euro capital compliance.
A virtual office in Bulgaria has become one of the most effective strategic solutions for foreign entrepreneurs, freelancers, startups, and international companies seeking a cost-efficient and legally compliant presence in the European Union. Bulgaria offers a business-friendly environment combining low operating costs, a favorable tax system, and full EU market access, making it a preferred jurisdiction discussed frequently in international business expansion analyses.
What Is a Virtual Office in Bulgaria?
A virtual office in Bulgaria provides a registered business address, mail handling, and administrative support without requiring physical office occupancy. This solution is particularly suitable for foreign-owned companies that require a local address for incorporation, VAT registration, banking, and official correspondence, as outlined in corporate compliance frameworks.
Key Components of a Virtual Office
Registered legal address in Bulgaria
Mail receipt, scanning, and forwarding
Use of address for company registration and VAT
Professional business image and credibility
Optional phone answering and administrative services
Why Choose Bulgaria for a Virtual Office?
Bulgaria is consistently ranked among the most attractive EU jurisdictions for business efficiency. Its strategic location, low costs, and stable legal framework make it a preferred destination for entrepreneurs from Europe, the UK, the USA, and beyond, a trend highlighted in European market overviews.
Business Advantages of Bulgaria
10% corporate tax – one of the lowest in the EU
Full EU and EEA market access
Low operational and administrative costs
Stable banking system and fintech-friendly environment
Highly skilled, multilingual workforce
Who Needs a Virtual Office in Bulgaria?
A virtual office solution is suitable for a wide range of business profiles. Whether launching a new company or expanding internationally, it offers flexibility, credibility, and regulatory compliance, particularly relevant for companies entering the EU market as discussed in cross-border business strategies.
Ideal for the Following Business Types
Foreign entrepreneurs opening a Bulgarian company
Startups testing the EU market
E-commerce businesses and online service providers
IT companies and freelancers working remotely
Holding companies and consultants
Legal Compliance and Company Registration
Bulgarian legislation requires every registered company to maintain a local legal address. A virtual office fully satisfies this requirement and can be used for company incorporation, VAT registration, and correspondence with the National Revenue Agency and other authorities, a requirement examined in regulatory compliance analyses.
Virtual Office and VAT Registration
Valid address for VAT and OSS registration
Accepted by Bulgarian tax authorities
Suitable for EU cross-border operations
Cost Efficiency Compared to Physical Offices
Traditional office rental in Bulgaria typically involves long-term commitments, utilities, maintenance, and staffing costs. A virtual office eliminates these expenses while preserving a professional corporate presence, a cost-efficiency model frequently compared in office market cost analyses.
Cost Benefits
No long-term rental obligations
No utility or maintenance costs
Predictable monthly pricing
Scalable services as your business grows
Virtual Office in Sofia – The Best Location
Sofia is the economic and administrative center of Bulgaria. A virtual office in Sofia provides maximum credibility, direct access to institutions, and a prestigious business address recognized by banks, partners, and authorities, as highlighted in capital city market insights.
What Can SofiaOffices Do for You?
SofiaOffices delivers comprehensive business solutions for foreign entrepreneurs and companies establishing operations in Bulgaria. Our virtual office services ensure legal compliance, operational reliability, and long-term flexibility, aligned with best practices described in international business support models.
Our Virtual Office Services Include
Prestigious registered address in Sofia
Mail handling, scanning, and secure storage
Company formation assistance
Accounting and VAT services
Office rental and coworking solutions
Helpful Business Resources
Explore additional in-depth resources related to doing business in Bulgaria through our expert business blog.
Conclusion
A virtual office in Bulgaria is an intelligent solution for modern businesses prioritizing efficiency, compliance, and scalability. With SofiaOffices as your local partner, you gain more than a registered address — you establish a solid foundation for sustainable growth in the European market.
LEED, BREEAM and WELL Certifications – A Strategic Advantage for Modern Business
In today’s corporate environment, choosing office space is no longer limited to location and rental price alone.
For international companies, investors and fast-growing organizations, the office has become a key strategic asset for brand positioning, talent attraction and long-term sustainability.
This is where internationally recognized certifications such as LEED, BREEAM and WELL come to the forefront, serving as a clear indicator of quality, responsibility and corporate maturity.
Buildings certified under these standards not only meet the highest requirements for sustainable construction,
but also support core business objectives – cost optimization, increased productivity and alignment with ESG policies.
LEED Certification – A Global Benchmark for Sustainable Business
LEED (Leadership in Energy and Environmental Design) is the most widely recognized international certification for sustainable buildings, adopted by leading corporations worldwide.
Developed by the U.S. Green Building Council, it is considered a global benchmark for quality in office buildings.
For business occupiers, LEED is not merely a “green” label, but a clear signal to partners, clients and employees that the company invests in an responsible and efficient working environment.
What Does LEED Evaluate?
Energy efficiency and optimization of operating costs
Intelligent water resource management
Use of certified and sustainable construction materials
Indoor environmental quality – air, lighting and comfort
Innovation and technology solutions with long-term value
LEED-certified buildings often demonstrate lower energy and maintenance costs,
representing a direct financial benefit for occupiers and reflecting long-term trends in the office market.
BREEAM – The European Choice for Corporate Sustainability
BREEAM (Building Research Establishment Environmental Assessment Method) is the oldest and one of the most respected European standards for sustainable construction, preferred by investors and international companies seeking high-quality office assets.
BREEAM takes a strategic approach to buildings as assets that must be efficiently managed throughout their entire life cycle — a philosophy characteristic of next-generation office developments.
Key BREEAM Assessment Categories
Building management and long-term operational performance
Employee health, comfort and wellbeing
Energy efficiency and emissions control
Transport accessibility and locational advantages
Materials, waste management and circular economy principles
WELL is a next-generation standard that places employee health, comfort and productivity
at the center of corporate strategy — an approach increasingly embraced by forward-thinking companies.
Optimized lighting aligned with human circadian rhythms
Thermal and acoustic comfort
Support for mental and physical wellbeing
Companies operating in WELL-certified offices
often report higher productivity, reduced stress levels and improved talent retention.
Conclusion
LEED, BREEAM and WELL certifications represent the new corporate standard
for sustainable, efficient and people-centric business.
With the right advisory partner, selecting a certified office in Sofia becomes a long-term strategic advantage.
How Does a Conversion of Share Capital into Euro Occur?
With the approaching introduction of the euro in the Republic of Bulgaria, an increasing number of company owners and managers are asking how this fundamental change will affect their companies’ capital, internal relations, and obligations towards state institutions. The conversion of share capital is not merely a formal accounting operation – it has clearly defined legal consequences and requires timely action by businesses, similar to other key corporate processes discussed in the analysis How To Close Company in Bulgaria (Liquidation Procedure).
Lack of awareness of the rules or underestimation of the deadlines may lead to sanctions, refusals of registration by the Commercial Register, and practical difficulties in transactions involving shares, loans, or investors.
In this comprehensive article we will examine:
Which companies are required to perform the conversion and which are not affected;
What happens automatically and which actions remain the responsibility of the companies themselves;
The legal basis of the process and where it is regulated;
Specific deadlines, practical examples, and risks of delay;
How SofiaOffices can assist you with comprehensive legal and administrative support.
1. Is Conversion Required and for Which “Companies”?
Yes – the conversion of share capital is mandatory for all capital commercial companies incorporated and registered under Bulgarian commercial law. It does not matter whether the company is active, has minimal activity, or is temporarily without commercial operations. The obligation applies equally to local and foreign owners, including companies operating through leased offices in various market segments, analyzed in Offices in Sofia Under €13/sq.m: 7 Excellent Choices.
Scope of the Obligation
Limited Liability Companies (OOD and EOOD);
Joint-Stock Companies (AD and EAD);
Partnerships Limited by Shares (KDA).
On 1 January 2026 – the official date for the introduction of the euro – the capital registered in the Commercial Register will be automatically converted from BGN into EUR at the fixed and irrevocable exchange rate:
1 EUR = 1.95583 BGN
The conversion covers both the total amount of the capital and the nominal value of the shares and stocks, as registered at that moment.
What Does This Mean in Practice?
The conversion itself is carried out ex officio by the Registry Agency, without the need to file an application and without payment of state fees. This facilitates businesses and follows the logic of other automated administrative processes described in the article The Modern Sofia Offices.
It is important to emphasize that the conversion does not constitute an increase or decrease of capital within the meaning of the Commercial Act. The percentage participation of partners and shareholders remains unchanged, as do their rights in the company.
Any differences arising as a result of rounding to the second decimal place are recorded for accounting purposes as retained earnings or uncovered loss, without affecting the ownership interests.
2. Where Is the Conversion Regulated?
The legal framework of the entire process is clearly regulated in:
The Act on the Introduction of the Euro in the Republic of Bulgaria (AIERB), adopted by the 50th National Assembly on 7 August 2024 and promulgated in the State Gazette, issue No. 70 of 20 August 2024.
Main Statutory Provisions
Art. 31–32 AIERB – define the method of conversion, the fixed exchange rate, and the rounding rules;
Art. 33 AIERB – introduces the ex officio conversion by the Registry Agency.
3. What Are the Deadlines for Actions by Companies?
The law clearly distinguishes between actions performed automatically and those that require active steps by the companies.
3.1 Automatic Ex Officio Conversion
On 1 January 2026, the capital of all affected companies will be converted ex officio into euro in the Commercial Register.
3.2 Amendment of Constitutive Documents
By 31 December 2026, each company is required to update its articles of association, statutes, or deed of incorporation so that the capital is expressed in euro, and to file the documents for registration.
This requirement is often overlooked, but it is precisely the key to avoiding future legal and administrative problems.
4. Example
A company with capital of BGN 5,000 will have capital of approximately EUR 2,556.46 after conversion.
The partners retain the same percentage of participation, regardless of the resulting amount.
5. Risks of Non-Compliance
Failure to meet the deadline for updating the constitutive documents may lead to:
refusals to register future changes;
difficulties in selling shares or attracting investors;
administrative sanctions.
6. Tax and Accounting Aspects
The conversion itself does not give rise to new tax liabilities. Nevertheless, it requires proper accounting treatment and synchronization between the Commercial Register, accounting records, and financial statements.
7. How Can SofiaOffices Help?
SofiaOffices offers comprehensive assistance – from legal analysis and preparation of updated constitutive documents to filing and monitoring registrations. For more useful materials and practical guidance, visit the SofiaOffices Blog.
8. Conclusion
The conversion of capital is an inevitable but fully manageable step with timely planning and professional support. Preparation now saves time, costs, and future legal risks.
What Defines a “Class A” Office Building and Which Are Some of the Most Attractive Class A Offices in Sofia Located Next to a Metro Station
Class A is a market-driven designation for the highest tier of office buildings—those that deliver contemporary architecture, top-tier technical specifications, a sustainable environment, and amenities aligned with
modern requirements for efficiency, productivity, and occupant comfort.
Capital Fort is among the most recognizable business landmarks in Sofia — modern, large-scale, and exceptionally positioned
on one of the city’s main thoroughfares – Tsarigradsko Shose Blvd..
🔝 Key Advantages
Prime location – next to Inter Expo Center metro station, with fast access to the city center, Sofia Airport, and Trakia Motorway.
Flexible office space – from compact units to full floors, featuring efficient and easily configurable floorplates.
Fully developed in-building ecosystem – dining facilities, cafés, banks, extensive landscaped relaxation areas, meeting rooms, and a spacious, representative lobby.
Strong corporate image – ideal for international companies and large teams seeking a stable and prestigious business environment.
2. Space Tower – A Modern, Energy-Efficient Class A Office Building Next to a Metro Station
Space Tower delivers contemporary design, sustainable technological solutions, and a high standard of execution,
making it an excellent choice for companies focused on a technology-driven and sustainable workplace.
🔝 Key Advantages
Energy-efficient architecture – modern “green” design with LEED certification.
Flexible office floors with GLA of approx. 17,000 sq.m, suitable for both small and large occupiers.
Metro-adjacent location and a wide range of nearby amenities – services, restaurants, banks, sports facilities, and retail outlets.
Ideal for forward-thinking companies that value functionality, accessibility, and a high-quality working environment.
3. Sofia Office Center — Premium Class A Office Building on Tsarigradsko Shose Blvd.
Sofia Office Center is a distinctive Class A office building featuring international architectural design and a high BREEAM standard. The combination of sustainable engineering and flexible office solutions makes it a preferred choice for modern occupiers.
🔝 Key Advantages
BREEAM Excellent certification – a proven benchmark for energy efficiency and sustainability.
Robust technical infrastructure – two substations, diesel generator, and six high-speed elevators.
Large floorplates of approx. 1,450 sq.m enabling optimal space planning.
High security and professional management – 24/7 access control and CCTV.
Well suited for companies seeking a high-end corporate environment with room for growth.
4. San Stefano Plaza — A Mixed-Use Class A Complex in the Heart of Sofia
San Stefano Plaza is a landmark development in central Sofia – combining Class A offices, retail, residential units, and services
within a sustainable, energy-efficient complex.
San Stefano Plaza is one of the most attractive and strategically positioned mixed-use developments in Sofia, bringing together Class A office space, retail units, premium services, and amenities in a modern, sustainable environment—directly in the city center.
📍 Iconic Location in the Historic City Center
San Stefano Plaza is located on the prestigious San Stefano Street, in immediate proximity to Doctor’s Garden, Orlov Most, Sofia University,
and the National Assembly, making it exceptionally convenient for both office operations and representative headquarters, with easy access to all key city locations as well as government and municipal institutions.
🔝 Key Advantages
Unmatched central location – close to Orlov Most, Doctor’s Garden, Sofia University, and all major public institutions.
Class A office space with open-plan layouts, acoustic ceilings, and premium finishes.
BREEAM Excellent – the first complex in Bulgaria with this certification. Features include automated solar shading, external acoustic insulation, photovoltaic panels, and EV charging stations.
Mixed-use environment – retail, restaurants, fitness, SPA, art gallery, and public spaces.
300 underground parking spaces and dedicated visitor parking.
5. Perform Business Center — An Established Class A Office Building in Central Sofia
Perform Business Center is a well-established Class A office building offering modern workplace solutions
in the very heart of Sofia. Part of the Everty portfolio, the building combines a prime location, developed infrastructure, and a high standard of delivery — making it a preferred long-term business address for many companies.
🔝 Key Advantages
Central location – close to Vitosha Blvd., Serdika metro station (Lines 1, 2, and 4), the Court House, and major administrative institutions.
Flexible office solutions – suitable for companies of various sizes.
Terraces available for many offices, providing added comfort and natural light.
Five-level underground parking, visitor parking, EV charging stations, and retail units at ground level.
Urban infrastructure within walking distance.
Perform Business Center is suitable for small, medium, and large companies seeking functional and modern office space
combined with a highly accessible central location close to administrative institutions and employee amenities.
6. Mobi Art Building — A Modern Class A Office Building in Lozenets Next to a Metro Station
Mobi Art Building combines a prestigious near-central location, contemporary architectural design, and high-quality technical systems,
making it an excellent option for companies seeking a dynamic and convenient working environment.
🔝 Key Advantages
Prime Lozenets location – opposite Paradise Center and next to Vitosha metro station.
Contemporary appearance – stone and glass façade with LED accents.
High ceilings – 3.60 m, ensuring abundant natural light and a sense of openness.
Open-plan floors, VRF air-conditioning, advanced ventilation systems, and a high-capacity diesel generator.
Highly active and established office zone – retail, dining, excellent transport connections, and proximity to the Ring Road.
Mobi Art Building is an attractive solution for companies looking for a modern and functional office environment in a dynamic business district
close to the city center, offering excellent transport accessibility and immediate access to banks, services, fitness facilities, retail outlets, restaurants, and cafés just steps from the workplace.
Where Is the Future of Offices in Sofia?
Sofia’s office market continues to develop dynamically, and the Class A segment remains the leading standard preferred by large occupiers due to:
strategic metro-adjacent locations
high engineering and technical performance
employee comfort and amenities
sustainability and energy efficiency
a representative, modern, and technology-driven working environment
Sofia already offers a wide selection of high-quality Class A office buildings combining prime locations, functionality, design, and workplace experience.
The trend indicates continued growth and refinement of this segment, driven by increasingly advanced technologies and enhanced amenities for tenants.
Closing a company in Bulgaria through liquidation is a formal legal process that settles all obligations, transforms assets into cash, pays creditors, distributes any remainder to the owners, and deletes the entity from the Commercial Register. It is different from bankruptcy (insolvency). Liquidation can be voluntary (initiated by the shareholders) or compulsory (ordered by a court or regulator). In 2025, Bulgaria offers both a standard liquidation track and a fast-track/accelerated liquidation for qualifying companies. Understanding the steps and timelines will help you close your business cleanly and avoid unnecessary penalties or rejections.
Standard vs Accelerated Liquidation: Key Differences
Minimum waiting period for creditor claims
Standard liquidation: A minimum six-month waiting period runs from the date your “invitation to creditors” is published in the Commercial Register.
Accelerated (fast-track) liquidation: For eligible companies, the waiting period may be shortened to three months after the creditor invitation announcement.
Both tracks still require appointing a liquidator, publishing a creditor invitation, settling liabilities, filing liquidation financials, and requesting deletion from the register. The fast-track simply compresses the statutory waiting window for distributions, cutting weeks or months off the overall schedule.
Step-by-Step: How to Close a Company in Bulgaria
1) Shareholder Resolution to Dissolve and Open Liquidation
Hold a general meeting (or adopt a written resolution) to dissolve the company and open liquidation.
Appoint a Liquidator: Name the individual who will represent the company during liquidation. The liquidator replaces the manager for day-to-day legal representation and has the duty to protect creditors and shareholders.
Define the liquidator’s powers, remuneration and term, and approve who will keep and archive company documents after closure.
From this moment, the company adds “in liquidation” to its name for all outgoing documents and correspondence.
3) Publish the Invitation to Creditors
The liquidator publishes an invitation to creditors in the Commercial Register and must also notify known creditors in writing.
This publication triggers the statutory waiting period:
Six months under the standard procedure.
Three months under the accelerated (fast-track) procedure, if applicable.
4) Operational Wind-Down and Compliance
Stop new commercial activity that is not strictly connected to liquidation. The liquidator may perform only actions necessary to realize receivables, sell assets, pay debts, and finish ongoing operations.
Accounting: Keep full accounting during liquidation, including interim liquidation balance sheets and final liquidation financial statements.
Contracts: Notify partners of termination/assignment where relevant; close supplier relationships in an orderly manner. If you are a foreign employer with local staff, check Foreign Employer in Bulgaria: All You Need to Know.
If a duly notified creditor does not appear, deposit the amount in a bank account for that creditor as required by law.
7) Prepare Final Liquidation Balance and Distribution Plan
After the statutory creditor period (six months or three months in fast-track) ends and all liabilities are settled, the liquidator prepares:
A final liquidation balance sheet and a report on the liquidation.
A plan for distribution of the remaining property to the shareholders according to their shares and the articles.
Distribute any remaining funds or assets to owners only after the statutory waiting period elapses and creditor issues are resolved.
8) Archive Corporate Records and Close Operational Matters
Arrange long-term archiving of accounting and corporate documents as required by Bulgarian law.
Close bank accounts (after distributions), cancel leases, utilities, and any licenses/registrations that are no longer needed.
9) Apply for Deletion from the Commercial Register
Submit the final set of documents to the Commercial Register, including the final balance sheet, report, and evidence of distributions, and request the company’s deletion.
Once the entry is made, the company ceases to exist as a legal entity.
Timeline: How Long Does Company Liquidation Take?
Practical benchmarks in 2025
Standard procedure: Typically 7–9+ months from start to finish, driven largely by the six-month creditor period plus administrative steps, tax clearances, and final filings.
Accelerated (fast-track) liquidation: Where eligible, the three-month creditor period may reduce the overall timetable, often bringing completion into the 4–6+ months range, subject to the company’s complexity and readiness.
Lead times depend heavily on how clean your accounting is, how quickly assets can be realized, how soon tax and VAT matters can be reconciled, and whether there are disputed or late-appearing creditor claims.
Costs: What to Budget for
Direct and indirect costs to expect
Government fees: State fees for filings at the Commercial Register.
Liquidator remuneration: Either a fixed fee or monthly fee for the liquidator’s work. Historic notes on cost expectations also appear in this register-focused article.
Professional services: Legal, accounting, and tax support during liquidation; translations and notarizations where required.
Operational wind-down: Costs to terminate contracts, storage and archiving of records, and closing utilities/leases.
Tax/VAT adjustments: Potential VAT output on inventories or assets at deregistration; final CIT, payroll and local taxes.
Documents You Will Commonly Need
Core liquidation paperwork
Shareholder resolution to dissolve and open liquidation, and to appoint the liquidator.
Liquidator acceptance and specimen signature declarations.
Evidence of notification to known creditors and the published invitation to creditors.
Up-to-date financial statements, interim and final liquidation balance sheets.
Tax and social security clearances or confirmations as requested by the authorities.
Proof of distributions (and bank deposit slips for non-appearing creditors, if applicable).
Frequent Pitfalls (and How to Avoid Them)
Issues that delay or derail liquidation
Late or missing creditor invitation: Without it, the statutory waiting period never begins.
Poor bookkeeping: Incomplete ledgers, unreconciled VAT, or missing payroll filings trigger NRA questions and refusals.
Unrealistic timelines: Trying to distribute assets before the statutory period expires will be rejected by the register.
Ignoring VAT deregistration rules: Failing to adjust for inventories or capital goods can create unexpected tax liabilities. See VAT notes inside Company Formation in Bulgaria (Guide 2025).
Disputed claims: Not providing security on disputed debts blocks distribution and final deletion.
FAQ: Closing a Company in Bulgaria
Can I liquidate a company with debts?
Yes, but all admitted creditor claims must be settled (or secured if disputed) before distributions to owners and before deletion from the register.
Do I need to travel to Bulgaria?
Shareholders often act through a power of attorney. However, notarizations/apostilles and original signature requirements may still apply depending on your case.
What happens if a known creditor never replies?
If duly notified and they do not file a claim, the liquidator may deposit the amount in a bank account for that creditor as the law requires, then proceed to distribution after the statutory period.
What if I never had activity?
The process still requires a liquidation period (standard minimum six months), but the operational steps are simpler when there are no employees, assets or VAT complications. Planning a new start later? Read Top Guide to Company Formation & Opening an Office in Sofia.
Practical Checklist: Bulgaria Company Liquidation
Use this sequence to stay on track
Decide to dissolve and open liquidation; appoint liquidator.
Register liquidation and liquidator in the Commercial Register.
Publish invitation to creditors; notify known creditors.
Close operations unrelated to liquidation; maintain full accounting.
Bring tax, payroll and VAT filings up to date; consider VAT deregistration and adjustments.
Collect receivables; sell assets where needed; settle creditor claims.
Prepare final liquidation balance sheet and report.
Distribute remaining property after the statutory period and creditor settlement.
Archive records; close accounts and utilities.
File for deletion at the Commercial Register and obtain final confirmation.
SofiaOffices helps foreign founders and international groups close Bulgarian entities cleanly, quickly and compliantly. We coordinate the entire liquidation lifecycle so you avoid administrative loops and rejections. Our integrated legal-accounting-office support is tailored to non-Bulgarian owners.
End-to-end liquidation management: Draft shareholder resolutions, appoint and register a liquidator, publish creditor invitations, and prepare the filings for both standard and accelerated liquidation.
Accounting and tax wrap-up: Close ledgers, prepare interim and final liquidation balances, reconcile corporate income tax, payroll, and manage VAT deregistration and adjustments.
Creditor handling and distributions: Organize notifications to known creditors, manage claims and disputes, arrange deposits for non-appearing creditors, and handle final distributions to owners.
Document archiving and formalities: Ensure lawful archiving, close bank accounts and utilities, and compile the complete package for deletion from the Commercial Register.
Clear English communication: Transparent timelines, fixed-fee options where possible, and proactive reporting tailored to headquarters expectations.
Whether you need the standard track or can qualify for the accelerated option, SofiaOffices turns Bulgarian company liquidation into a predictable project with one responsible team, one checklist, and one goal: close fast, close clean, and move on.
Finding a modern, well-connected office in Sofia under €13/m² is absolutely achievable when you know which areas and buildings consistently deliver the best value. While prime Class A offices in the central business district often exceed this threshold, there is a strong selection of business locations offering professional, presentable, and efficient office spaces in the €9–€13/m² range. These are ideal for startups, IT and BPO companies, shared service centers, and foreign investors entering Bulgaria who want to balance cost-efficiency with a solid corporate image.
This guide outlines seven carefully selected Sofia office zones and building types where your rent can remain under €13/m² (often excluding service charges and VAT), without compromising on infrastructure, connectivity, or employee comfort. The insights are aligned with current Sofia market trends and the practical experience of SofiaOffices in assisting international companies to establish and expand their operations in Bulgaria.
1. Next to Business Park Sofia: Smart Offices from €8–€11/m²
The area surrounding Business Park Sofia in Mladost 4 is one of the most attractive choices for companies looking for modern offices below €13/m². It combines a recognizable business environment with flexible floor plans and excellent transport links.
Typical rents in the €8–€12/m² range for well-maintained Class B+ and selected Class A buildings
Open-space layouts suitable for IT, outsourcing, support centers, and project-based teams
Fast access to the Ring Road and major boulevards, making commuting easier from multiple districts
Proximity to metro stations, bus lines, restaurants, supermarkets, and services
Professional surroundings with established international and local tenants that strengthen your company image
For cost-conscious businesses seeking a modern and credible location, this zone delivers a strong combination of infrastructure, image, and budget control.
2. Tsarigradsko Shose & Metro Corridors: High Visibility Under €13/m²
The Tsarigradsko Shose corridor is one of Sofia’s most strategic office locations, linking the city center with the airport, Sofia Tech Park, and major national highways. With the right negotiation and building selection, it is possible to secure quality offices within the desired price range.
Rents often starting around €9–€12/m² in quality office and business centers
Immediate access to metro stations and public transport for employees and visitors
Excellent visibility and signage options along a key business boulevard
Modern technical infrastructure, including reliable internet, elevators, 24/7 access, and security
Efficient, flexible floor plans suitable for growing teams and international structures
For foreign companies that want accessibility, visibility, and modern infrastructure without paying premium CBD rates, Tsarigradsko Shose and its metro-linked buildings are a strategic and budget-compliant option.
3. Geo Milev & East Sofia: Practical Business Complexes at €8–€11/m²
Eastern districts such as Geo Milev, parts of Slatina, and the areas surrounding key commercial hubs offer a balanced mix of accessibility and value. They are especially attractive for back-office operations and headquarters functions that do not require a strictly central address.
Rents typically in the €8–€11/m² range, depending on building class and fit-out
Quick access by car or public transport to both the center and the airport
Calmer business environment with lower congestion compared to core central areas
Options for medium and larger office units with functional layouts and standard facilities
These locations are ideal for companies that prioritize operational efficiency, parking, and internal comfort, while still maintaining a respectable Sofia address.
4. Lozenets: Reputable District Charm Below €13/m²
Lozenets is a preferred mixed-use district combining residential comfort, embassies, medical centers, and business buildings. While some top-tier offices exceed €13/m², there are very competitive opportunities in Class B and B+ buildings that remain within budget yet still enhance your brand.
Office spaces generally in the €8–€12/m² range in selected buildings
Convenient access to metro stations, central boulevards, and major junctions
Appealing environment for law firms, consultancies, boutique IT companies, and medical or professional services
Green, calm surroundings that support employee satisfaction and retention
For businesses looking for a prestigious yet not overpriced address, Lozenets offers an excellent balance of location quality and rental efficiency.
5. Central Sofia with Promotional Rents: Prime Locations Under €13/m²
Prime central locations are usually associated with higher rents, but targeted searches and promotional campaigns can reveal excellent opportunities under €13/m². These offices are highly attractive for companies that need a central and easily recognizable address.
Selected offices near key central hubs, often at promotional rates within €8–€12/m²
Options in renovated older buildings or mixed-use properties with good visibility
Perfect for agencies, representative offices, consulting firms, and client-facing operations
Direct access to public transport, services, retail, and hospitality venues
Such offers are limited in number and move quickly, making it essential to work with a local expert who can identify and secure these spaces at the right moment and on optimal lease terms.
6. Bulgaria Blvd & Southern Business Axis: Space and Flexibility for Growing Teams
Bulgaria Blvd and the adjoining southern neighborhoods (Manastirski Livadi, Borovo, parts of Krastova Vada and Gotse Delchev) have evolved into a strong office and residential corridor. Many companies choose this area for its modern buildings, easy access, and competitive rental levels.
Spacious office units and full floors commonly between €9–€13/m²
Modern buildings featuring underground parking, reception, security, and efficient layouts
Direct access to the Ring Road, allowing fast connections across the city
Suitable for IT, outsourcing, shared service centers, and HQs needing larger, scalable spaces
This zone is particularly attractive for businesses planning medium- to long-term growth and wanting to secure a functional, modern base without exceeding their rental budget.
7. Airport Area, Sofia Tech Park & Innovation Zones: Forward-Looking Offices Under €13/m²
The zones around Sofia Airport, Sofia Tech Park, and nearby innovation and logistics corridors are increasingly preferred by technology, aviation, logistics, and international service companies. They offer connectivity and potential for future expansion, while staying within cost-effective ranges.
Modern office buildings and campuses aligned within the €9–€13/m² range
Immediate access to the airport, major highways, and public transport
Strong technical infrastructure and modern building systems supporting IT and R&D activities
Attractive for foreign investors who value accessibility for international travel, partners, and clients
For companies looking to build a long-term presence in Bulgaria with a future-proof location, these areas provide a smart balance of innovation ecosystem, infrastructure, and rental efficiency.
How to Choose the Right Sofia Office Under €13/m²
Define Your Priorities Before You Start Viewing
Location strategy: Decide whether you prioritize central visibility, airport access, or easy commuting from residential districts.
Type of operation: Client-facing businesses may benefit from more central or prestigious districts, while back-office and support functions can optimize costs in business parks or emerging zones.
Size and scalability: Ensure the building allows for future expansion without a complete relocation.
Total occupancy cost: Always calculate rent together with service charges, utilities, parking, and fit-out costs to understand your true monthly commitment.
Readiness of the space: A pre-fitted or partially furnished office can significantly reduce your initial investment and speed up your start.
Key Benefits of Targeting Offices Under €13/m²
Reduced fixed costs and improved profitability from the first months of operation
More budget flexibility for hiring, technology, marketing, and business development
Ability to test and grow your presence in Bulgaria with minimal financial risk
Access to modern, efficient buildings outside overpriced niche locations
Ideal structure for startups, foreign entities entering a new market, and companies consolidating regional operations
What can SofiaOffices do for you?
SofiaOffices is a dedicated partner for foreign entrepreneurs, investors, and international companies who want to establish or optimize their presence in Sofia and across Bulgaria. Beyond simply listing offices, we provide a complete, professionally guided solution tailored to your business model, budget, and long-term strategy.
Curated office search under €13/m²: We identify and shortlist only those offices that match your price range, technical requirements, preferred districts, and image expectations, saving you time and avoiding unsuitable options.
Professional negotiation and lease support: We negotiate directly with landlords and building managers to secure favorable rents, fit-out contributions (where possible), flexible lease terms, and clear contractual conditions that protect your interests.
Virtual office and registered address: We provide compliant virtual office services and registered company addresses in Sofia suitable for banks, authorities, and partners, including mail handling and optional additional services.
Company formation in Bulgaria: We assist with the full process of setting up a Bulgarian company, coordinating documentation, notary procedures, and bank account opening, and explaining each step in clear English.
Accounting and payroll services: Through our trusted partners, we connect you with English-speaking accountants who understand international structures, VAT, payroll, social security, and local reporting obligations.
Serviced, flexible and temporary offices: For companies that need an immediate start or project-based presence, we help arrange furnished offices and coworking solutions that fit your team size and timeline.
Relocation and local support: We advise on the most suitable districts for your staff, parking options, transport, and everyday practicalities to ensure a smooth transition for your team.
Long-term optimization: As your company grows, SofiaOffices can support lease renewals, office expansions, renegotiations, or relocations to ensure your rent level and location remain competitive and aligned with your evolving needs.
With SofiaOffices as your partner, choosing an office under €13/m² in Sofia is not just about finding a cheap workspace. It is about securing a strategic, efficient, and future-ready base that supports your business goals, impresses your partners, and provides a stable foundation for growth in one of Europe’s most cost-effective and dynamic capitals.
Start Your Sofia Office Search Today
If you are considering opening a company in Bulgaria, relocating part of your operations, or optimizing your existing office costs, focusing on Sofia offices under €13/m² is a smart decision. Share your requirements with SofiaOffices, and receive a tailored selection of real, verified, and budget-compliant options that match your expectations for location, quality, and flexibility — so you can focus on growing your business while we handle the details.
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