I Have Registered a Company in Bulgaria — What Comes Next?

Receiving a company identification number is an important milestone, but the business is not “ready” simply because the company has been entered in the Commercial Register. After formation comes the practical organisation of operations — contracts, payments, documentation, accounting, social security and tax obligations.

1. Organise accounting before the first transaction

You do not need to wait for the first invoice before deciding how accounting will be handled. From the beginning, it should be clear:

• how and when documents will be provided;
• how bank and cash transactions will be recorded;
• who issues invoices and how invoice numbering is organised;
• how contracts, expense documents and electronic files will be archived;
• which analytical information management will need.

2. Separate company and personal payments

From the first day, it is good practice to keep the company’s cash flows clearly separate from the owner’s personal funds. Company bank accounts, payment cards and cash transactions should have a traceable business purpose.

3. Determine the status of the owner and manager

An owner may participate in the business in different ways, and this can have social security and tax implications. Do not assume that incorporating the company automatically resolves the owner’s social security position. The appropriate arrangement should be based on the actual activities and legal basis.

4. Monitor VAT from the outset

In 2026, mandatory VAT registration under the general Bulgarian rule is linked to annual domestic turnover exceeding €51,130, but the threshold is not the only ground for registration. Transactions with foreign customers or suppliers, services to or from other countries, intra-EU acquisitions and e-commerce models can trigger separate rules.

It is therefore more sensible to review the VAT treatment when the first international contract is planned rather than waiting for turnover to accumulate.

5. Prepare contracts and the invoicing model

Commercial terms should be aligned with invoicing, advance payments, currency and the relevant tax treatment. For subscription-based services, online sales or platform payments, it is useful to model the transaction flow in advance.

6. Check for fiscal and sector-specific requirements

The way customers pay can affect how a sale must be recorded. Certain activities may also be licensed or subject to specific registrations. A generic “company checklist” cannot replace a review of the actual business model.

7. Prepare a budget for the first 12 months

Plan not only revenue but also fixed costs, social security, taxes, software, rent, marketing and the working capital required to operate. New companies can generate sales and still experience difficulties because cash flow has been planned poorly.

The first months set the standard

When document flows and accounting processes are clear from the beginning, growth is easier to manage. Correcting disorganised practices after a year usually requires more time and expense.

With DESLIN’s Comprehensive Accounting Services, day-to-day accounting, tax, payroll and financial closing can be organised as one coordinated process.

This material is for general information only and is current as of 21 August 2026. Specific obligations depend on the company’s activities, owners, employees and types of transactions.